Importance of Health Insurance
A health insurance plan not only saves you from health emergencies, but it also becomes a vital part of your financial planning. It ensures a safe and secure future for you and your loved ones. It becomes our responsibility to buy a sufficient health plan for self and family to be protected against sudden and unexpected costs of hospitalization and emergency treatment costs. If you do not have health insurance, you may have to run from pillar to post to arrange for money when sudden significant expenses owing to health treatments fall your way. It can also cause a big hole in your pocket to pay for those treatments. Moreover, in today’s polluted and unsafe world, each one of us is exposed to so many illnesses, and a medical emergency can strike at any point in time. With healthcare increasingly becoming expensive, it becomes essential to have sound health insurance in hand to make use of it at the right time.
Health insurance makes healthcare affordable.
To think that you need health insurance is not sensible. You need it for more than one valid reasons.
Here are some listed for you:
- Health insurance assures cost of hospitalization for you
- It takes care of medical emergencies
- It helps you to avail tax benefits
- It helps you to take care of expenses during critical illnesses
- It provides a safety net for you and your family
- You can stay relaxed about medical expenses in case of sudden needs
- Health policies come with a hoard of features, and they offer many benefits. Here are some of the defined benefits that come with your health plan.
- You can opt for cashless hospitalisation in network hospitals of your insurance provider.
- Pre-hospitalisationexpenses such as tests, medicines, and doctor’s fee that you make before the patient is transferred to the hospital are also covered in health insurance.
- Post hospitalisation expenses such as medicines, vaccinations, OPD charges, etc. that you make to recover from an illness or injury are covered in your policy.
- Critical illness cover provides the benefits in case of life-threatening diseases like cancer, tumour and kidney failure etc.
- Hospital cash is another benefit of your health insurance which make a provision of INR 1000 to 5000 per day as per the type of policy that you have.
Apart from these benefits, your health plan also provides:
- Maternity Benefits
- OPD Benefits
- Annual Health Check-ups
How to Select Health Insurance
Cover 360 offers you a platform to compare various health insurance products and choose the best suited to you, at a single podium. Here is why it is easy to buy health insurance at Cover 360.
- There is no need to browse through multiple websites of the insurance providers to reach the right one.
- To make your task easy, all the essential data pertaining to various health insurance products provided by insurance providers is gathered here at single platform.
- All the imperative information is available in easy to understand language and to help you buy the most effective health plan for you and your family.
- Just log in to our health insurance page and do as directed.
The eligibility to buy health insurance
You can purchase health insurance in India if:
- You are an Indian citizen with a verified identity.
- You are between the age of 18 to 65. Some insurance provides plans for 70 and above too based on conditions.
- You want insurance for a child or infant; the minimum age is 90 days.
- You have gone through all the medical tests and the reports for any existing ailments are attached with your form.
It is advisable to buy health insurance at an early age to get the maximum benefits from your plan. It also helps to access your claims better and faster if you do not hide any facts related to your health and medical conditions while buying a good health insurance policy.
Other criteria related to health insurance
Claim Process for Cashless Hospitalisation
- Inform your insurance provider about the need for hospitalisation.
- Get admitted to a network hospital and present your health insurance id card to the third-party administrator (TPA) present in the hospital to access your insurance details.
- TPA will get in touch with hospital authorities to fill up a pre-authorisation form with the all treatment details, medical scans, other required documents, etc. and send it to the insurer for approvals.
- The insurer will check the documents, once satisfied with documents and eligibility for the cashless claim; they will send a go-ahead to the network hospital to give the treatment.
- At patient discharge, the medical facility will send all the bills along with complete health and medical records and any other documents, if needed, to the insurer for final claim settlement.
Claim Process for Reimbursement from Single Insurer
Remember to keep all your documents from the insurance company and from the hospital in order.
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