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People often come across medical emergencies that need money readily available in their bank accounts or pockets for the treatment that may cost a fortune. If you are equipped with cashless health insurance in such unpredictable situations, you have got a saviour in disguise. With cashless health insurance comes an assurance that you will not have to spend even a dime while in the hospital because your insurance company has your back.
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Due to medical inflation, cashless health insurance is amongst the essential features that a health insurance policy must cover. This facility ensures that one can bypass the reimbursement formalities at any network hospitals by handling the treatment cost. With cashless health insurance, you need not worry about cash arrangements. You can go for the best treatment without worrying about finances.
Care health insurance is acclaimed for its services as it provides the best Cashless medical policy for family and safeguards you.
Ritika, 28 years old fashion journalist, realized this fact and started looking for a sound mediclaim policy for herself and her family. But the moment she began browsing the websites, she was lost in the Tsunami of information. Then, her best friend, who already has a mediclaim, suggested going for cashless health insurance. She got overwhelmed with her friend’s suggestion and opted for the same. This page will give you all the reasons to buy Cashless health insurance and why it is wise to be safe beforehand.
In an unforeseen event such as a medical emergency, a family goes through anxiety while arranging finances to pay for the exorbitant medical treatments.
Below are a few reasons that state the Importance of Cashless Health Insurance-
*According to a survey, almost 16 lakh people die every year in India due to poor health care and the unavailability of health insurance.
While filing a claim, the choices available to a policyholder include a cashless claim and a reimbursement for the expenses incurred during medical treatment.
Policyholders must be aware of the claim process under health policy to ensure hassle-free claims. It is also essential to understand the claim settlement process of health insurance policy, either cashless or reimbursement mode.
Let's know the difference between these two features of Health Insurance:
|Cashless Claim||Reimbursement Claim|
|In the event of hospitalization or related medical expenses, the claim will directly settle with the hospital subject to policy terms and conditions.||For reimbursement, the policyholders have to bear the medical expenses beforehand from their pockets.|
|To avail of this facility, the policyholder must only get treatment at any network hospital.||For reimbursement, the policyholders have to bear the medical expenses beforehand from their pockets.|
|It reduces the hassle of hospitalization and makes policyholders free from the stress of arranging cash for the treatment.||The policyholder has to submit the required medical bills and necessary supporting documents to get reimbursement.|
*In case of rejection, the claim management team will communicate the reason.
Intimation to the claim management team within 24 hours of hospitalization is required and before 48 hours in case of planned hospitalization.
To avail of this facility, the patient has to admit to one of the Network hospitals. These are the hospitals that have a tie-up with the health insurance companies to provide cashless treatment. After proper verification, policyholders get the approval for their cashless claims subject to policy terms and conditions. With this benefit, policyholders do not need to worry about their treatment during a medical emergency or planned treatment. Their medicals bills will be directly settled under the policy coverage so that they can focus more on their recovery.
*We have 8350+ network hospitals across India. Our customers can pick any of the network hospitals in the vicinity as per their feasibility for the treatment.
To get the best cashless health insurance, the policyholder must follow the steps given below:
Here are some points that you must consider before picking cashless health insurance for yourself and your family:
Insured sum: This is the total amount that is liable under the policy every year. It is recommended to select a plan that has the highest coverage while still being within your budget.
Limits on particular treatments: There are specific treatments like cardiac treatments or cataracts that have limits. You must ensure that you read the limits carefully.
Maximum renewable age: It is recommended to pick a cashless mediclaim policy with higher renewable age, especially if you intend to pick an excellent cashless mediclaim for parents.
Co-payment: It refers to the payment the policyholder has to pay for a portion of the medical expenses on their own, and the insurance provider pays the remaining amount. It is carried out with co-pay clauses.
Waiting Period: This variable interval is defined based on the disease for which you are making a claim. You must read the conditions of the policy to know what the different waiting times are. Then, make sure that you pick a plan that has the least waiting period.
Day-care treatments: Since there will be a range of day-care procedures covered, you should compare different policies before selecting the ideal option. Ensure that you pick a cashless mediclaim policy that covers the maximum number of treatments.
Hospital room rent: There will be an upper bound here, so you must always check if the policy coverage is sufficient to absorb the rent charges at your preferred hospital.
Impanelled hospitals: If the insurer empanels your hospital, it becomes effortless when trying to claim the cashless feature. Always make sure that your preferred hospital is a network hospital.
We offer unparalleled and best cashless mediclaim policy for family in India.
For selecting the best Cashless Health Insurance plans, it is essential to keep some important points in mind-
Care Health Insurance will cater to all your needs if you are looking forward to buying the best cashless mediclaim policy in India.
Of late, things have been devastating for the masses across the nation due to the ceaseless Pandemic. In the current scenario, we all must ensure that our Insurance policy covers Covid-19 so that it doesn't get hard for us to get treatment during an emergency.
For selecting the best Cashless Health Insurance plans, it is essential to keep some points in mind, as we discuss them below:
While buying the right cashless health insurance for your needs, consider checking the exclusions mentioned in the policy documents. Doing this will keep you prepared for any contingency you may experience in future. Exclusions are expenses or the various cases when you may not be eligible to get a claim under your mediclaim policy. Some of the exclusions may include:
Exclusions may vary for Cashless Family Health Insurance.
Health insurance is undoubtedly an armour that protects us and helps us during a crisis. When there is no one to extend the hand of help, a cashless health insurance policy comes to our rescue. We ensure the safety of its patrons, thus, believes in serving them relentlessly.
If you are still struggling to acquire the best cashless health insurance policy for yourself and your family, we are just a call away to ease you out and help you with our services.
Disclaimer: The above information is for reference purposes only. For more details about the health insurance plans, please refer to the sales prospectus, policy terms, and conditions.
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Policyholders must be aware of the claim settlement process and must adhere to the same when making a claim. It will enable them to get cashless health insurance benefits and save them from additional cost burden during any medical emergency. However, there could be situations when their claim may get rejected. It is imperative to understand the scenarios when the claim can get rejected.
As health plans are supposed to cover medical expenses, it could be disappointing when a claim gets rejected and, you end up paying for the medical bills. Some reasons for claim rejection are:
When the cashless treatment is denied at a hospital, then the policyholder must approach the insurer to know if the expenses could be reimbursed.
A policyholder's claim for cashless settlement may get rejected due to various reasons that include:
A policyholder can avail cashless treatment facility for OPD procedure, including doctor visits if the healthcare facility or hospital is listed as the network hospitals.
Before the expiry date of the cashless health policies, the policyholders are required to renew their policy. The policyholders can renew a cashless health insurance policy throughout their entire lifetime.
Usually, cashless health insurance plans come with a policy term of one year, at the end of which the policyholder must renew their plans. Some plans also come with a term of two years.
Few key points that must be considered while selecting the best cashless health insurance plan are:
Cashless Health Insurance facility is available at any of the network hospitals. You will get the list while buying health insurance. You can also know about the network hospitals nearest to their location by visiting the official website.
A cashless mediclaim policy helps the insured by preventing even a temporary impact on savings during any planned medical treatment or emergency hospitalization. One does not need to pay for the medical expenses from the pocket and then apply for a health policy reimbursement claim. It helps one get immediate access to medical care at a network hospital in any exigency without worrying about arranging money to pay medical bills.
You can avail of cashless treatment at any network hospital empaneled with us. The cashless facility is not available at non-network hospitals.
You can avail of treatment under your cashless medical insurance plan in two scenarios:
Cashless health insurance will provide coverage only during the policy term for which the premium has been paid. The insured person will have to bear the costs incurred after the policy lapse. Thus, it is crucial to renew your policy on time.
When you buy a health insurance plan, you should be aware of the factors that can affect premium paid towards cashless mediclaim policy. The factors include family medical history, pre-existing medical conditions, gender, age, Body Mass Index (BMI), marital status, etc.
Yes, you can avail tax benefit under cashless mediclaim plan.
*Claim Settlement Ratio is for FY 19-20 and number of claims settled till February 2022.
^^Number of Cashless Healthcare Providers till 25th March 2022.
^Annual premium for product 'Care' and 'Care Shield (add on)' is Rs. 6160/-(excl. GST) for 1 adult falling under the age bracket 05-24 years, 1 Adult 18-24 age group 3 Yr with NCB Super (Add-on).
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