What is a rider in health insurance policies?

A rider in health insurance policies is an optional provision that allows policyholders to add extra benefits or coverage to their existing insurance plans. This flexibility enables individuals to customize their health insurance to better meet their specific needs and circumstances. For instance, a policyholder may choose to add a rider for critical illness coverage or for maternity benefits, enhancing their overall protection.

This concept contrasts with mandatory components that must be present in all health insurance policies, as riders are specifically added at the discretion of the policyholder. Additionally, riders are distinct from discounts, which generally apply to the premium rather than the scope of coverage. Likewise, while waiting periods are associated with certain claims and coverage, they do not define a rider's purpose. Understanding riders is crucial for consumers who wish to maximize their health insurance coverage efficiently.