Is Multiple Sclerosis Covered In Health Insurance?
Updated On Oct 18, 2021
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Health insurance plans provide financial support to the individuals for their medical treatments. Due to the inflation, the basic costs of hospitalization have hiked thus, resulting in the exhaustion of the financial savings of the policyholders. Health insurance plans offer monetary compensation for basic medical needs and makes sure that the policyholders receive quality treatment at the time of an emergency. However, there are certain medical procedures like treatment of critical diseases that cost high and need high claim amounts which might not suffice from the basic health insurance plans. Therefore, to support the policyholders in such situations, the health insurance providers have rolled out critical illness health insurance plans. These plans cover a list of chronic ailments like diabetes, cancer, stroke, etc. of the policyholders.
Critical illness health insurance plans offer compensation for a list of critical ailments which are specified by the insurer. Under this cover, the policyholders get a lump sum payment of their plan to cover their medical expenses as well as the income loss incurred due to the treatment. Certain critical illnesses like multiple sclerosis are severely affecting a large population due to the change in lifestyle of the individuals. Multiple sclerosis affects the normal functioning of an individual’s brain and hampers their day to day life.
About Multiple Sclerosis
Multiple sclerosis is a neurological disorder which is progressive and it affects the central nervous system of a human brain. In multiple sclerosis, the nerve fibres are protected by Myelin which is a layer of fatty tissues. The immune system of our body attacks the myelin which affects the nerve cells and leads to inflammation and scarring of tissues called sclerosis. This hampers the connection between the brain and the body and eventually leads to the damage of the neurological connection. This functions like an auto-imune disorder and has high chances of relapsing post-diagnosis.
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Is Multiple Sclerosis Covered In Health Insurance?
Yes, a lot of health insurance providers include multiple sclerosis under their critical illness health insurance plans. Therefore, it is important for the policyholders to thoroughly read the policy papers when investing in a health insurance plan to make sure that the required disease or ailment has been included by the insurer.
Diseases like multiple sclerosis are life-threatening and it takes multiple sessions of treatment to get treated, which can add up to high costs of medical dues thus resulting in the exhaustion of the financial savings of the policyholders. The critical illness plans cover a list of chronic diseases, you must make sure that multiple sclerosis is one of them. Critical illness plans are like indemnity plans and it compensates for all the medical expenses including hospitalization, medication, room rents, ambulance, etc.
Should You Buy A Critical Illness Plan Over An Indemnity Plan?
If you are looking for sufficient coverage for multiple sclerosis, then you must invest in a suitable critical illness plan as it is slightly different from a usual indemnity plan. The claim amount under the plan is provided to the policyholders in lump sum post-diagnosis using which the policyholders can either pay for medical bills or compensate for their income loss incurred due to the treatment. A critical illness plan offers coverage to the policyholder on the basis of their diagnosis report, and covers a range of critical diseases. When buying a critical illness plan for multiple sclerosis, you must make sure that the disease is included in the list.
Conclusion
Multiple sclerosis is getting hold of a large population as a chronic disease and it can damage any part of the human body if not treated on time. Therefore, the patients of multiple sclerosis require immediate medical attention, which can burn a hole in the policyholders pocket. To look after high costs of treatment of the diseases including the charges of the diagnosis tests, room rents, medications, etc, A critical illness plan offers comprehensive support.
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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.
