What are the Benefits of Cashless Health Insurance During COVID-19 Pandemic

HEALTH INSURANCE


why you should prefer cashless health insurance

People in India are barely coping with their limited finances and anxious about their financial future due to the corona outbreak. As an outcome, their economic and physical wellbeing needs are changing. Indians become the most active and engaged customers when it comes to health insurance. A considerable majority believed that health insurance helped lower their stress and provide financial support during a medical emergency. Combining the protocols of the pandemic and rising healthcare costs in India with the hassle people face in the hospitals, cashless health insurance is the best option. So, let's understand what makes it the best health insurance policy for you? 

What is Cashless Health Insurance?

At times it happens that either you have to stand in a long queue at the hospital's billing desk for the payment or have to get into cumbersome paper formalities. These days, you have to follow several protocols, including social distancing, pre-admission COVID-19 test, etc. It gives you unnecessary mental and emotional stress. In such a situation, our cashless health policy is beneficial. It is one of the types of health policy that gives you the freedom to go for cashless hospitalization. Your treatment and medication bills are paid directly to the hospital after our claim management team's approval. 

You can avail of this facility in any of the network hospitals located near to your residence. All you need to do is inform the health insurance desk at the hospital and our customer support team within 24 hours in case of emergency hospitalization and before 48 hours of planned admission. It is the best health insurance policy available even for coronavirus treatment as well. 

 >> Click Here to Know How Cashless Health Insurance Work 

Why Should You Prefer Cashless Health Insurance?

It makes the process easier and quicker for you. Read below the benefits for that you must opt for cashless medical policy:

Reduces the Chances of Getting Infected

People going to hospitals these days have a high chance of getting infected due to coronavirus. But, when you have a cashless health policy, you do not need to go here and there in the hospital for discharge formalities and payment. Your point of contact is only the insurance desk in the hospital. It reduces your chances of getting infected and stay safe in the hospital. 

Shrink Your Stress

 It reduces your stress of arranging cash at the time of emergency hospitalization. With a cashless claim option, you do not need to borrow money from your known. You can easily afford your best possible treatment without any financial and social implications.

No Cumbersome Paper Formalities

With cashless health insurance, there is no need to get into those cumbersome paper formalities at the hospital's billing desk. You also do not need to touch any papers. All the communication will take place through mails or fax. It helps you to keep yourself protected from corona, especially when you are in the hospital. 

Immediate Hospitalization in Network Hospitals

You can avail of the cashless claim settlement facility in the network hospitals impaneled with us. We have around 19000+ cashless healthcare providers in different cities. These are good hospitals located in the vicinity. During an emergency, you need to pick the one that is close to your residence for immediate hospitalization.

What are the Things to Keep in Mind While Choosing Cashless Health Insurance?

Health insurance has become a necessity, not an option, especially post-COVID. Yet, choosing the right cover for yourself or your family is a challenge, given several features and benefits to compare. So, let us know what things you should keep in mind while choosing a suitable health policy-

Health Insurance Policy Coverage

The most important thing you should keep in mind is the policy coverage. Check out the diseases, treatments, medical procedures, and conditions covered under the policy. Make sure your policy covers hospitalization, pre and post-hospitalization expenses, daycare treatment, domiciliary admission, ambulance cover, AYUSH treatment, etc.

Exclusions

Next is exclusions- these are conditions, diseases, medical procedures, and treatments that are not covered under the policy coverage. Hence,  you cannot claim such exclusions. Always compare the best health insurance plans, selecting the one with minimum exclusions and maximum benefits.

Premium

You can calculate the premium for your policy with the health insurance premium calculator available on our official website. You need to enter the required details and get the quote. This way, you can compare the premium of our various policies and choose a mediclaim policy at an affordable premium.

Claim Settlement Ratio

When choosing health insurance, the claim settlement ratio is an important factor. It largely describes the insurer’s credibility in settling the claim. A high claim settlement ratio assures high chances of a hassle-free claim settlement. You must understand the reasons for rejection beforehand to avoid unfavorable claim experiences.

Affordable Premium

Make sure your health insurance plan should not burden your pocket. The premium should be reasonable and payable as per the insurance cover. Also, avoid including family members above 60 years of age to ensure lower premium rates. 

Maximum Profit

Your health insurance should provide you with maximum benefits. From pre and post-hospitalization expenses to daycare treatment, ambulance cover, second opinion, therapy, medicines, coronavirus coverage, and doctor's fees– the right health insurance should cover all of these. 

Waiting Period

This is a period during which no claim is admissible. Generally, health plans include a waiting period of 30 days. However, for pre-existing diseases, it can vary from 2 to 4 years. So, you should choose the cashless health insurance plan that comes with a lesser waiting period.

Network Hospital Selection

We, at Care Health Insurance, are associated with leading healthcare providers. Under the coverage, you can opt for cashless treatment facilities only at our network hospitals. You should check how many network hospitals are within your vicinity.

Cashless health insurance is one hope to win in the fight against exorbitant medical expenses during times like this pandemic. Cashless health insurance ensures hassle-free and timely cashless claim settlement with access to quality healthcare. 

Takeaway

Cashless Health Insurance is a new normal. Care Health Insurance offers cashless medical insurance the best health insurance policy that ensures a hassle-free and timely cashless claim settlement. It becomes a need of the hour, especially during a medical emergency. So, opt for it now and bid goodbye to myriad your health troubles due to the COVID-19 outbreak.

 Disclaimer: Plan features, benefits, coverage, and underwriting of claims are subject to policy terms and conditions. Please refer to the brochure, sales prospectus, and policy documents carefully.



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