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When buying a health insurance plan, it is important to know all about it, including the add-on cover benefits that it provides. Here we discuss the consumables cover in health insurance. Read on to know more.
Your health insurance plan is your vital backup in case of any medical emergency that involves a huge cost. By buying health insurance plans for you and the family, you are bracing yourself well in advance for any uninformed, unpredictable expenditure that may come in the future. Now, health insurance plans generally provide adequate coverage to the policyholder for the major cost of the treatment; however, there are some costs that may not be covered as part of the base insurance policy.
For such additional costs, it is advisable to purchase add-on covers in health insurance that provide extra benefits in terms of added coverage, over and above the base plan. The consumables cover in mediclaim policy is one such example of an add-on cover benefit. Let’s see below all that this cover entails and how it can benefit the policyholder.
If we go by the literal definition of the term, as stated in health insurance plans, consumables in the medical industry generally refer to (but are not limited to) all single-use medical equipment. This means all the disposable equipment and medical aid that gets discarded after one time use.
Now, when these consumables are used for a patient as part of the treatment procedure during their hospital stay, their cost is directly included in the patient’s hospital bill. However, if the patient has a mediclaim plan in their name, the cost of these consumables is covered by the health insurance company.
We may often not realize but the cost of these consumables during hospitalization can actually amount to a significant number in our hospital bill at the time of discharge. For instance, the medical staff may require you to buy a whole pack of bandage roll as part of the treatment procedure, while only half of it was actually used. This means wastage of the remaining part but you’d need to pay for the entire pack, which would be charged on your bill.
Many more similar single-use items are charged to the patient as part of hospitalization. Small amounts of consumables add up to a large amount which can sometimes make the hospital bill appear huge. This is where the consumables cover in health insurance can be of help, covering these small but significant amounts in your hospital bill.
We already discussed why it helps to buy a consumables cover in health insurance. The prime reason is that there is a lot of disposable, one-time use surgical equipment used at hospitals. All of these consumables are charged directly to the patient, which can sometimes form a considerable part of their bill. The consumables add-on benefit helps cover this cost for the patient. Here are some of the other reasons it helps to buy this cover as part of your mediclaim plan:
Now that we know that purchasing this add-on rider benefit is only in our favor, let’s look at some of the consumable items used during hospitalization that are covered under this plan:
The consumable items used as part of hospital treatment are generally required for one-time use and discarded thereafter (owing to safety reasons). Hence, the hospital staff needs to use such items frequently during the entire hospital stay of the patient. This adds on the hospital bill of the patient and makes it considerably higher, which most insurance companies are reluctant to pay for.
However, with the add-on consumables cover being added to the base health insurance plans, patients can now opt for buying this benefit over and above the base policy. The charges for consumable items and services charged to the patient at the time of discharge can then be claimed with the insurer under the consumables cover of the plan.
In a Nutshell
Consumables are essential items and services provided to the patient to make their hospital stay comfortable. Since most of these items are used only one time, for safety of the patient, they are used in more quantity and frequently. The cost of these items thus adds up in the complete final bill of the patient upon discharge, which can sometimes be considerably high. Most insurers do not choose to pay for the consumables charged in the hospital bill for this reason.
This is where the consumables add-on cover benefit comes of use in health insurance. PayBima offers the best health insurance in India with the added benefit of consumables cover, which patients can avail and save themselves the burden of hefty hospital bills.
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