How Network Hospitals in Health Insurance Benefit You
Published On Nov 08, 2020 5:30 AM By Sakshi Aggarwal
When looking forward to buying a health insurance policy, a potential buyer considers a string of elements. Apart from the policy premium, claim settlement ratio, number of policies purchased, major benefits offered and others, policy buyers look for network hospitals for sure. Why is it that network hospitals are a key aspect to consider while buying a health insurance policy? Do network hospitals really help a policyholder in a massive way? Let’s find out.
How Do Network Hospitals Work?
Health insurance companies leave no stone unturned in offering the best medical assistance to the policyholders. In doing so, one of the key supports offered by health insurance companies is network hospitals.
To make it easier for the policyholders, health insurance companies connect with the hospitals and pre-determine the cost of various medical treatments so that the former doesn’t have to worry on the financial front. So, when the policyholders visit a hospital that the health insurance company has tied up with, they find the entire process of availing medical treatment easy and hassle-free. Such hospitals that a health insurance company ties up with become a part of the network hospitals of that company. The other hospitals are referred to as non-network hospitals.
You may like to read: Know Difference Between Network and Non-Network Hospitals
How Network Hospitals Benefit A Policyholder?
1. No Payment Required - One of the biggest advantages of network hospitals is that they provide cashless treatment to the policyholder. The patient with cashless insurance is allowed to avail proper treatment at the health insurance network hospital without paying any amount as it is the health insurance company that pays for the medical expenses. If the patient has opted for reimbursement, it would be necessary for them to file a claim for all the medical expenses incurred so as to get the reimbursement. It is advised to choose cashless insurance so that one doesn’t have to spend anything from their pocket, except for the expenses that their health insurance policy doesn’t include.
2. Variety of Choices - Health insurance companies usually have a large pool of network hospitals associated with them for providing medical assistance. A policyholder gets multiple options of network hospitals to choose from based on their location.
3. Quality Treatment - As network hospitals are already associated with health insurance companies, with the latter being non-negotiable on the quality of treatment offered, a policyholder can expect to get the best possible treatment without stressing over the medical expenses.
Last but not the least, another crucial aspect that makes network hospitals preferred by every policyholder is that they do not require paperwork. Absence of paperwork not only saves the time of the patient, but also frees them from the stress associated with them. In addition to the same, network hospitals, being present all over the country, give you the ultimate freedom to avail quality treatment, irrespective of your actual location.
Health insurance companies with a vast list of network hospitals are always the preference of policy buyers. As a matter of fact, while purchasing a policy, buyers consider network hospital lists a crucial deciding factor. So, if you too are willing to buy a new health insurance policy, make sure you pay emphasis to the network hospital base apart from other factors.
You may also like to read: Can Health Insurance Claims Be Made Even in Hospitalization of Fewer Than 24 Hours?
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.