5 costs that medical insurance plans will cover for you

1. 5 costs that medical insurance plans will cover for you

2. The average retail inflation in 2018-19 was 3.4% - this means that things are definitely getting costlier but in a gradual manner. It also means that, with a growing salary, you should be able handle the rate of inflation without much difficulty. However, what’s alarming is that, while the average rate of inflation hasn’t risen above the 4% mark in the last couple of year, the story is quite different when it comes to the healthcare industry.

3. In 2018-19, the average rate of inflation in healthcare was 7.14%. This is a steep increase from 4.39% in the previous financial year. How do you protect yourself from the steadily rising cost of medical care? Well, the answer is simple – just get yourself a good health insurance policy! With the right plan by your side, you can focus on getting better instead of worrying about the cost. • Here are 5 medical expenses a good health insurance will cover for you: 1. Hospital bills.Of course, one of the most substantial medical expenses is the cost of hospitalization. This is one of the first and foremost expenses that you can cover with a health insurance policy. A good tip would be to look for a health insurance plan that has a higher number of network hospitals. This will ensure you can get cashless treatment in case of hospitalization.

4. 2. Pre- and post-hospitalization expenses.As you know, medical expenses start well before you get hospitalized. Moreover, they can go on long after you have been discharged. But worry not! With a good health insurancepolicy you also cover pre- and post-hospitalization expenses, for up to 90 and 180 days respectively. This ensures that things like doctor’s consultation, medicinal expenses and the cost of tests does not affect your finances!

5. 3. Emergency ambulance charges.In a critical situation, quality care before getting to the hospital is extremely important. However, the cost of a good ambulance service can burn a whole in the pocket. It’s something that you might not think about, but a good health insurance will! It will covers road ambulance charges in case of emergency hospitalization and repatriation of mortal remains. Based on the Sum Insured selected one can avail of this additional feature up to a maximum of Rs 30,000/- • 4. Outpatient expenses.Health insurance plans do not only come in handy when hospitalization is required. They also cover numerous other medical expenses. For example, one can opt for OPD expenses which includes charges for doctor consultations, lab tests, medicines, dental care, spectacles and hearing aids with specified limits as selected.

6. 5. Infertility expenses.Believe it or not, but infertility affects 10 to 14 percent of all couples in India suffer from infertility. In urban areas, the percentage is higher with 1 of 6 couples being affected by infertility. Moreover, the cost of IVF procedures can vary from 1 to 2.5 lakhs in India. However, with some plans will covers as many as two In Vitro Fertilization (IVF) cycles for the treatment of infertility in a married female of age 25 to 40.Some plans also have an inflation add-on that you include with your policy. This will increase the sum assured of your plan to ensure you are protected against the current healthcare expenses. Hope this article has been helpful, good luck and all the best!

7. For More Details On Health Insurance Policy Or You Can Visit https://www.cocogeneralinsurance.com/health-insurance/ THANK YOU