Hidden Facts About Health Insurance

Health insurance plans have a set of features and benefits that are meant for the policyholders. Sometimes the policyholders are unaware of the exclusive inclusions of their health insurance plans that makes their plan stand out. You must know about the features of your plans to make smooth and hassle free claims.  

Hidden Facts About Health Insurance

Let us look at some of the facts about health insurance plans, that are rarely known by the policyholders: 

• No Age Barrier

For a maximum part of their life, there are policyholders who completely rely on employers' health insurance plans for coverage. But, after retirement they need to invest in an individual or family floater health insurance plan for their loved ones. There are health insurance providers which offer plans to the policyholders with no age limit restrictions. You can buy a plan at any point of your age and avail the benefits under a suitable health insurance plan. 

• Claim Procedure 

When seeking hospitalization in a network hospital of the health insurance provider, if your cashless claim is rejected then you still stand a chance of applying for the reimbursement claim procedure. You can always get admitted to a non-network hospital for emergency treatment and file a reimbursement claim for your convenience. 

• Day Care Treatments

Usually a minimum of 24 hours of hospitalization is required for claiming health insurance policies. But, these days if due to certain conditions you are unable to seek hospitalization or receive treatment at the hospital, you can avail the daycare procedure coverage or the domiciliary treatment under which you can receive treatment at home.

Must Read: Things You Didn’t Know Health Insurance Covers

• Recharge of Claim Amount  

If your claim amount is exhausted due to usage and claiming procedure, then you can get instant recharge on your plan and use the recharged amount for compensating for a treatment that is totally unrelated to the previous treatment received. Some health insurance providers offer unlimited recharge to their policyholders in a policy year. 

• Quick Claim Procedure 

Claim procedures can be quick and simple at certain times. You need to maintain a good contact with your insurer while seeking a claim to accelerate the process. You must make sure that your documents are correct and the medical condition that you wish to claim your policy for has been included under the purchased plan. You can get cashless claims sorted in around a few hours without any hassles. 

• No Pre Medical Checkups 

There are some health insurance providers which do not require their policyholders to undergo a pre medical test before investing in a particular plan up to a certain age. You can look for insurers which offer health insurance policies up to a specified age to the policyholders without any pre medical screening test. 

• AYUSH Coverage

Apart from the modern treatments, there are insurers that cover the non-allopathic treatments of the policyholders. Some health insurance providers cover the Ayurveda, Yoga, Unani, Siddha, and Homeopathy treatments of the policyholders under their purchased health insurance plans at an affordable premium amount. You can go through the policy terms to get a list of other treatments that are compensated for under your purchased policy. 

• Maternity Plans

You can invest in a standalone maternity benefit health insurance plan that covers the pre and post natal expenses along with the delivery charges, medication costs, vaccination costs, and much more. This plan covers the expenses of the newborn baby along with that of the mother. These plans are specially designed for maternity related expenses and it comes with a waiting period of 9 months. 

• Pre-Existing Diseases

This is usually believed that the health insurance plans do not cover the pre-existing diseases of the policyholders, but there are certain health insurance providers that compensate for the pre-existing diseases but after a certain waiting period ranging from 2 to 4 years. 

Conclusion 

To understand your purchased health insurance policy better, you must go through its terms and conditions carefully during the free-look period. You can customize the plans according to your needs and requirements. 

Also Read:  10 Benefits of Health Insurance Riders

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.