Know What is Coronavirus Health Insurance

HEALTH INSURANCE


things to know about coronavirus health insurance

The Novel Coronavirus disease has affected the world economy and millions of people. It is an infectious disease caused by a family of viruses that result in acute respiratory illnesses, including pneumonia and multi-organ failure. Scientists have succeeded in finding an effective COVID-19 vaccine. But, until we get the vaccine shot, we must follow the strictest safety measures to protect ourselves and our loved ones. In the present situation of a health hazard, a health insurance plan acts as a safety net for your finances and secures your health.

Keeps yourself mentally stress-free in any medical emergency with CARE Corona Virus Health Insurance. It helps you access quality medical care and provides coverage for hospitalization expenses for coronavirus disease.

Importance of Coronavirus Health Insurance

The coronavirus pandemic has reminded us of the uncertainties of life by creating a health crisis. Due to this, we faced lockdown leading to a slowdown in economic activities. Also, it can be challenging for anyone to deal with medical emergencies, especially for the elderly and those already ill are at higher risk.

Considering the skyrocketing healthcare expenses, it is imperative to prepare yourself financially. Hence, it is essential to have health insurance to cover hospitalization and treatment expenses in an unforeseen event. Choose Coronavirus Health Insurance and ensure the well-being of your loved ones.

How to Get Health Insurance Cover for Coronavirus?

It is important to follow healthy habits while dealing with the pandemic. Also, it is equally important to get health cover by which you can get complete protection for various treatment expenses. Now, you can get health insurance with coronavirus cover online. If you are curious to know whether your health insurance policy will cover the treatment of coronavirus disease, read below to know the answer.

Is coronavirus Covered under the Existing Health Insurance Policy?

If a person has a pre-existing health insurance policy, the COVID-19 treatment cover will be included. But, if a person buys the policy after contracting the virus, then in such cases, he/she will not be entitled to get coverage for the treatment. This is because there is a specified waiting period that must be met. So, read the policy documents carefully to check the eligibility criteria.

Important Facts of Coronavirus Health Insurance Cover

Those looking for coronavirus health insurance should understand the benefits they will get and the sum insured they need. Given below are some important facts:

  • Sum Insured: People with weak immune systems and the elderly are more vulnerable to COVID-19. COVID-19 treatment prevents symptoms of the disease and organ damage that the virus can cause. Anyone should have family health insurance with a more extensive sum insured because healthcare has become highly expensive.
  • Waiting Period: Health insurance policies usually come with an initial waiting period of 30 days. This means a policyholder has to complete a minimum period of up to 30 days to get cover for any treatment except for accidents. However, in case of coronavirus health insurance, the initial waiting period is 15 days only.
  • Coverage: The coronavirus health insurance plan provides patient's hospitalization expenses - usually 30 days before and 60 days after hospitalization. It covers medical expenses such as - daycare, ambulance, medicines and ICU charges, etc.

COVID-19 treatment requires good medical facilities, which can be costly at times. Everyone should think about preventing the spread of disease and follow the recommended safety measures. Some healthy practices should be followed such as keep the immune system strong wearing a mask, covering the face while coughing or sneezing, and washing hands regularly.

Coronavirus insurance is a useful tool to fight against this virus. Being affected by the coronavirus is considered a medical emergency. A person can get cover for medical treatment and claim their coronavirus health insurance in any of the following two ways:

  • Cashless Treatment: If the policyholder avails treatment at any network hospital, one has to apply for a claim under cashless health insurance. This is convenient as the person does not need to make any payment. The hospital expenses of the insured are paid directly by the insurer to the hospital.
  • Reimbursement: In this case, the policyholder has to bear the burden of paying the hospital bills initially from his pocket and registers a reimbursement claim with the insurer. . After a thorough validation of necessary documents like medical reports, bills, etc., the insurance provider reimburses these expenses.

Benefits Offered under Care Coronavirus Insurance Plan

With the health insurance plan offered by CARE, you will get the following benefits:

  • Hospitalization cover: On the advice of a medical practitioner, this plan will cover your hospitalization expenses if you are hospitalized for 24 consecutive hours due to coronavirus.
  • Day Care Treatment: This policy will also cover daycare treatment that doesn’t exceed  24 hours.
  • Pre and Post Hospitalization Expenses: Medical expenses incurred by an insured 30 days before and 60 days after hospitalization are also covered in the policy coverage list.
  • Cashless Treatment: Policyholders can avail cashless coronavirus treatment at our network hospitals.
  • No Claim Bonus: For every claim-free year, the insured will get an increase in the sum insured.
  • AYUSH Treatment: A health insurance cover will also provide suitable coverage for an alternative form of treatment like AYUSH.
  • Annual Health Check-up: The insured person can get an annual medical check-up with Coronavirus Health Insurance once a year.
  • Tax Savings: An insured person will get tax exemption under section 80D of the Income Tax Act, which proves beneficial in saving.

Coronavirus Health Insurance- FAQs

Q.Which product of Care Health Insurance (Formerly Religare Health Insurance) covers the cost of coronavirus treatment?

A: Our compensation-based products such as Care, Care Freedom, Care Heart, Care Senior, Enhance, Joy, Care Global, Care POS, and Group Products cover coronavirus treatment with the benefits of IPD. In addition, our travel insurance policies such as Explore and Student Explore also provide coronavirus treatment coverage.

Q.How to buy a coronavirus health insurance plan online?

A: You can choose coronavirus health insurance without any hassle through the online facility. Visit the CARE Health Insurance main website, select ‘Health Insurance’ and buy a coronavirus health insurance plan online by paying the premium digitally.

Q.Is home care, cashless and reimbursement facility covered by coronavirus insurance?

A: Homecare or related treatments are not covered under the policy. However, one can avail  Cashless and Reimbursement benefits under Coronavirus Health Insurance. Cashless facility is available only in our network hospitals.

Q.Can I claim even if the evaluation report is negative?

A: No, if the evaluation report comes out negative, you can’t claim the policy.

Q.What does the coronavirus health insurance plan cover?

A: Coronavirus health insurance provides coverage for treatment and hospitalization expenses such as inpatient care, ICU expenses and quarantine period at a registered facility, and so on.

Q.What will the coronavirus health insurance plan not cover?

A: If the policyholder is under home quarantine or has undergone quarantine at an unrecognized facility (for treatment of coronavirus), coronavirus health insurance will not provide coverage. Also, it is necessary to read the terms and conditions of the insurance policy properly. This way you can keep yourself informed about the exclusions of coronavirus health insurance. 

Q.Is there any waiting period applicable for coronavirus health insurance?

A: An insured person will not get coronavirus insurance coverage if he/she claims for coronavirus treatment within the waiting period of the insurance policy. The waiting period of this insurance policy is 15 days.

Q. Will health insurance policies cover medical expenses related to coronavirus?

A: As per the IRDAI guidelines, all health insurers will provide coverage for medical expenses related to coronavirus. Expenses will be covered based on the terms and conditions of the policy.

Q.How does the coronavirus spread and how can it be avoided?

A: The COVID-19 virus spreads when an infected person coughs or sneezes, or one comes into direct contact with a virus-infected person. The virus also spreads if someone touches infected surfaces. Hence, you can protect yourself by following these key hygiene tips:

  • Wash hands several times a day with soap and water or alcohol-based hand sanitizer.
  • You should wash your hands thoroughly for a minimum of 20 seconds.
  • Avoid touching your nose, mouth, and eyes without washing your hands.
  • Cover your mouth with your hand or elbow when coughing or sneezing.
  • Keep a minimum distance of one meter from others.
  • To avoid infection, avoid unnecessary travel and social gatherings.
  • Eat healthy foods to keep the immune system strong.

Q.Who can be infected by coronavirus?

A: The elderly who are over 60 years of age, people with weak immune systems and patients with pre-existing medical conditions such as diabetes, high blood pressure, heart disease, chronic respiratory diseases, or cancer are at higher risk of contracting the coronavirus.

Q.Do you have health insurance for coronavirus?

A: Care Health Insurance offers its indemnity-based products such as Care Freedom, Care Senior, Care Heart, Enhance, Joy, Care Global, Care POS, Travel Insurance products and a customized group of products with IPD benefits. These policies cover hospitalization treatment for coronavirus.

Q.Does the current health insurance policy cover coronavirus disease?

A: If you opt for the indemnity based products of Care Health Insurance i.e. Care, Care Freedom, Care Senior, Joy, Enhance, Care Heart, Care Global, and Care POS, you will get coverage for coronavirus treatment; You can also get travel insurance policies and customized group products (with IPD benefits).

Q.Will you get better care with Coronavirus Health Insurance?

A: The main objective of the coronavirus insurance policy is to provide complete coverage for the hospitalization expenses of the coronavirus disease. With financial support in coronavirus health insurance, a person is assured of receiving quality medical care at any healthcare facility in India. Stay safe and choose a health insurance policy. “Care” by Care Health Insurance is a comprehensive health insurance plan for your family that offers a wide range of coverage at the best premium.

Q.How does isolation help for coronavirus?

A: Coronavirus spreads through direct contact with infected persons, through virus droplets when an infected person coughs, sneezes, or is transferred by touching infected surfaces. By following isolation and social distancing, getting infected with the virus is significantly reduced.

Q.What are the risks for senior citizens and heart patients from COVID-19?

A: Senior citizens are more prone to infections due to weak immune systems. Similarly, individuals who have pre-existing conditions such as heart disease may also be at increased risk of complications from the virus. Therefore, these vulnerable groups of people should be protected and proper safety measures should be taken to avoid contact with any infected persons.

Disclaimer: The above information is for reference only. Please read the policy terms carefully and refer to IRDAI guidelines for tax exemption conditions.



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