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Sunil is a 27 year old young corporate who wants to give his family financial protection in case of medical emergencies. So, he wants to buy a medical policy offering coverage for the entire family. He was looking for a policy that could provide complete coverage to everyone in the family as well as can aid at times when he is short of cash. Sunil has heard about the cashless health insurance that it is hassle-free and makes hospital payments easy. However, he has some doubts about the policy terms and conditions of the cashless insurance. Thus, he is in doubt if he should purchase the cashless insurance policy or should go for some other policy.
Like Sunil, there are many other people who don’t have much knowledge about the cashless health insurance policies and the rules and regulations associated with it. In this article, we are taking you through the process and benefits of cashless health insurance and will let you know why and how to choose one. Let’s start with the understanding how cashless policy works.
As the name suggests, with cashless health insurance you can avoid the hassle of paying bills at the hospital in case of any medical emergency. Here, the insurance company gets in direct touch with the hospital authority at the time of payment of bills of the insured person and does the needful without you having to worry about the payment. However, the hospital you choose to get the treatment done should be included in the network of hospitals enlisted by the insurance company.
The cashless health insurance is very much in demand lately as it saves the time and energy spent in a hospital while making the payments and does not put any financial burden on the patients family. This policy, especially comes handy at the time of any emergency, when you might not have enough cash in hand to pay your bills. Since this policy does not require any form of cash payments, it comes as a relief for people who do not have enough savings in their account. The only thing you should ensure is to choose a hospital that is available in the network of hospitals of your insurance provider. You can check for this information on the official website of the insurance provider.
By availing the best cashless health insurance, you can protect you and your family at the time of a medical emergency even if you don’t have cash in hand. Since health emergencies do not come with notice, people who do not have a huge amount of bank balance can access this policy at a time when you need emergency medical attention.
In general, there are two types of cashless health insurance.
A cashless family health insurance provides coverage to all the members of your family. So, you can insure every family member with this policy. On the other hand, the cashless health insurance for senior citizens provides cover for already existing diseases, hospitalization charges as well as the cost of ambulance charges.
Also Read: Is Health Insurance Important for Women?
The process for using cashless health insurance is very simple. Here’s what you can do:
There are certain drawbacks of the cashless insurance, which are mentioned below:
Also Read: List of Cheapest Health Insurance in India for 2022
Conclusion
The rising cost of medical treatment or health treatment has made it imperative for everyone to have a medical insurance. Buying a cashless insurance is hassle-free and beneficial in many cases, especially in case of any emergency. Also, cashless mediclaim policy for family is useful and worthwhile as it covers all members of the family with proper medical coverage.
However, like other insurance policies, it is important to read the document of policy carefully before choosing to buy a cashless insurance plan so that you know about all the terms and conditions mentioned in the policy beforehand.
It is also important to keep copies of all the bills and hospital documents safe, which you might need for future reference.
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