Having mediclaim policy is the need of the hour
Author(s): City Air NewsThe need for having a health policy has become very important in today’s times due to rising medical costs. Since the past two decades, there has been a phenomenal rise in acceleration of healthcare costs. The people...
cityairnews
Aug 20, 2015 12:30
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The need for having a health policy has become very important in today’s times due to rising medical costs. Since the past two decades, there has been a phenomenal rise in acceleration of healthcare costs. The people should seriously think that they need to allocate a proportion of their income towards personal healthcare. This has resulted in individuals availing healthcare insurance coverage not only for themselves but also for their family members including their dependants. In short, healthcare insurance provides a cushion against medical emergencies and acts as a shield against risks and unforeseen circumstances. In general, by and large, Indians are traditionally risk-averse rather than risk lovers by nature. There are
There are numerous major health insurance companies in India belonging to both government and private sector. Indian Health Insurance is primarily classified into two categories-
Cashless Hospitalization- Cashless hospitalization is a specialized service provided by an insurer wherein an individual is not required to pay the hospitalization expenses at the time of discharge from the concerned hospital. The settlement is done directly by the insurance company (or insurer). However, prior approval is a must from the TPA (Third Party Administrator) before availing the benefits under this option.
Cashless hospitalization can be of two types:
? Planned hospitalization: This is a planned hospitalization wherein the insured is aware of the hospitalization in advance. This duration period may vary from case to case. Examples include: FTND (Full Term Normal Delivery), Chemotherapy treatment for carcinoma (cancer), for cataract surgery, tonsillectomy (removal of tonsils).
? Emergency hospitalization: It is a sudden hospitalization that may be either an emergency or due to unforeseen circumstances. In short, hospitalization is not anticipated in advance. Examples include RTA (Road Traffic Accident), Myocardial infarction (heart attack), Acute Appendicitis.
Medical Reimbursement -
Medical Re-imbursement means to repay the products/services availed during hospitalization and more importantly after the completion of the treatment.
With a steep increase in medical care prices, it is best advisable to opt for a mediclaim policy and look into all the aspects of policy which it covers or not.
Issued in public Interest by:-
Corporate Cell, DMCH, Ludhiana.
Date:
Thursday, August 20, 2015
