WHY IS HEALTH INSURANCE IMPORTANT?

1. Health Insurance Plans

2. WHY IS HEALTH INSURANCE IMPORTANT? All in one : A health insurance policy is an all-embracing package that covers not only primary medical expenses due to hospitalization but also costs associated with it, like ambulance charges and daily hospital cash allowance. Additionally, medical insurance plans also include pre-hospitalization and post-hospitalization expenses like consultation fees, diagnostic fees, medicines and physiotherapy charges.

3. Medical insurance also includes day-care insurance cover : day-care is a kind of medical treatment that includes hospitalization for less than 24 hours. Many mediclaim policies today cover domiciliary treatment, i.e., when the treatment is taken at home and the bills are submitted from the hospital or clinic for reimbursement. Many health insurance policies do factor in preventive care like master health check up, counseling or preventive diagnostic tests. Covers family too : The best attribute of health insurance plans is their group or family variant, and all the above benefits are included too. For a single sum insured, the health cover extends to all the members of your family. It is flexible to manage and at the same time, affordable. And the good news is that some policies do cover maternity benefits; it has a sub-limit within a plan.

4. Special plans like Critical Illness Plans : It is not only important that your medical expenses are covered, you also need to take care of other family expenses; there might be a loss of income due to hospitalization. This is where a critical insurance policy fits in. It covers certain life threatening diseases like heart attack, kidney failure and cancer. A one-time lump sum payment is given to the insured if the diagnosis proves the declared medical condition. This cover comes either as a standalone health plan or as a rider attached to an ordinary mediclaim policy.

5. Ease and flexibility : Under a health policy, claim settlement becomes hassle free with the aid of TPAs (Third Party Administrators). The TPAs provide cashless facility and specialize in claims processing and reimbursements by interfacing between the policyholders and their hospitals. Thank You…!

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