During economy downturn, the demand for health insurance has become higher as people are fully aware that the medical cost in the whole world is getting unbearable. This particular cost will gradually become the financial burden for many people.

Getting a good healthcare plan that suits your individual needs is not simple as you need a thorough evaluation and good judgment. You must put in effort and time in searching for plans and "weighing" different policies. Below are 3 key points you need to consider:

• Value for money

Never ever make the assumption that the cheapest medical plan is always the best. The cheapest plan may suit your budget most but it is not worthwhile as many major medical costs are not covered.

• The coverage

Read each plan carefully to know the coverage clearly. Find out whether there is any exclusion clause which is applicable to you.  Make sure you are fully aware of the clauses and you have full understanding about your rights as a policy holder.

• Your monthly cost of investment

During economy downturn, everyone is very careful in spending. Before getting yourself a healthcare plan, ask yourself whether you can afford the monthly payment with your current income. You are advised to choose the plan based on your monthly budget.

Last but not the least, do not "force" yourself to purchase expensive medical plan if you can't afford for it. Spend your time to look for low cost plan or free coverage if possible. Never get any personal loan to purchase health plan. It is not practical for cost saving purpose.