Cashless Claim Facility is Convenient, Available Only at Network Hospitals
With so many cashback offers and reward points, digital payments have become the preferred payment mode for many of us. Clearly, there are a host of advantages of making payments digitally compared to the traditional system of cash payments. From purchases made in a grocery store to premium payments for health insurance plans, the digital payment mode ensures convenience, security and faster transaction.
Speaking about insurance plans, the cashless claim facility offered by insurers guarantees the same benefits as that of a digital payment process. That is, the insured person is not required to make any payment from his or pocket, instead, the medical bills are directly settled by the insurer. However, to make a cashless claim, you must get your treatment in a network hospital.
What is a Network Hospital?
When a hospital ties up with an insurance company to offer cashless treatment for the policyholders, it becomes a part of the insurer's network hospitals.
The insurance company provides a list of its network hospitals to the policyholder at the time of buying the health insurance policy. Usually, these impaneled hospitals are also listed on the company's website.
So, let us further understand how these network hospitals operate and how they help insurance buyers.
Easy Cover for Hospitalisation Expenses
Imagine you are admitted to the hospital for medical treatment. It would certainly be a tense moment for your family. In such a case, arranging finances for medical bills could be even more stressful. This is when cashless Mediclaim comes to rescue.
To make a cashless claim, inform your insurer about your hospitalization as soon as possible. Some insurers also provide a health card that could be used to make a claim.
Cashless health insurance facility works both for planned hospitalization as well as emergency hospitalization. For planned hospitalization, it is important to contact the concerned third-party administrator (TPA) for obtaining prior approvals. For emergency hospitalization, the insured person is usually required to inform the insurer within 24 hours of getting admitted.
Easy Access to Healthcare
With PAN-India presence, many insurance companies in India have tie-ups with leading hospitals across the country. So, you can be assured of finding quality healthcare and cashless treatment within your city. All you need to do is to identify the hospitals near your location that is part of your insurer's network. This way you can get the best treatment without any hassle.
To make a cashless claim, make sure you carry all the original documents entailing hospital bills, receipts, lap reports, discharge summary report, policy documents, and claim form.
Let us suppose, Mr. A purchased a health insurance policy without a cashless facility. He got admitted to a non-network hospital for medical treatment.
In such a scenario, he will have to pay for the hospital bills incurred by him from his own pocket. He will have to get the medical costs reimbursed later from his insurance company. This way he might even end up paying a higher amount. In fact, even if he had a cashless claim facility, he will not be able to obtain the benefits of cashless treatment because he opted for a non-network hospital. It could also happen that his insurer may only partially settle the claim.
This would not have been the scenario if Mr. A had opted for a network hospital where he would get a complete cashless claim for the actual expenses incurred. Therefore, getting treated in a network hospital is not only convenient in terms of access but also in terms of affordability.
With medical costs constantly rising in India, buying a health insurance policy is a must for anyone who wishes to avert a financial burden in case of any medical exigency. Cashless health insurance works in this direction to protect you and your family from hassles of making payments for hospital bills.
Buy Mediclaim policy Online from Religare Health Insurance and get a cashless treatment facility in any of the 5420+ leading hospitals in India.