Benefits of Taking Health Insurance
Health is wealth and now a days health has become a major concern. The life expectancy has increased in India with advanced medical facilities, and the number of diseases also increased affecting the young people.
Most of the people assume that a health insurance policy pays only for hospitalization expenses. The best health insurance policy pays the bill for other expenses as well.
Due to lack of knowledge the several benefits of health insurance policies remain unused. The utility of a health cover depends its features and also on how well you are able to use them.
Here are some of the benefits of taking health insurance
Convalescence benefits is also known as recuperating or recovery benefit. The benefit is to cover the supplementary costs that may arise due to hospitalization, such as loss of income. The insurer pays a lump sum amount in case of prolonged hospitalization, like 7 to 10 days, of the policyholder. In some policies, associated costs such as compassionate visits by family members are also covered.
Day by day the popularity of alternative treatment is increasing. This made many insurance companies to cover the alternative treatments, like Ayurveda, homeopathy and yoga. The insurers cover alternative treatments only if its done in a government hospital or at an institute recognized by the Quality Council of India and National Accreditation Board on Health.
Some of the insurers have expanded their insurance cover to include treatment taken at home under medical supervision. The insurers have capped the amount and the number of days for which the benefit is available.
Organ Donor Expenses
Health insurance also covers the medical expenses before undergoing an organ transplant surgery. Most of the general insurance companies cover organ transplant surgery in their regular health insurance plans. Some insurers may reimburse the entire cost, while others offer it as an add-on benefit. The insurers cover only cost of surgery. The other costs like donor’s hospitalization, post-surgical complications and cost of screening are not covered.
Insurance companies will offer attendant allowance to adults accompanying the insured at a hospital, provided the insured is a child. In most of the cases, the number of days for which an insurer pays the attendant allowance is fixed.
Daily Hospital Cash Allowance
The Insurer will offer additional financial protection to take care of expenses like food and travelling which are not covered under the policy.
Free Health Checkup
The health insurance policies also offer free periodic health checkups to their policyholders after every 4 or 5 claim-free years. Insurers offer cashless health checkup if tests are done at empanelled hospitals or centers.
Bariatric (Weight loss) Surgeries
Bariatric surgeries are considered as a life-saving technique for obese patients battling with medical conditions caused by or related to weight. Many insurers, such as Star Health, cover bariatric surgeries if done for medical purposes.
Some of the insurance companies cover dental treatment once in a few years with sub-limits.
So, these are the benefits of taking health insurance policies, which do much more besides covering hospitalization expenses. Before taking the policy make sure to fully read the policy document to enjoy the maximum benefit out of it.