Best Cashless Health Insurance for Family in India
Claim Settlement Ratio (OND 2018)
Network Hospitals across 500 cities
Cashless health insurance is amongst the most important features that a health insurance policy must cover. This facility ensures that one can bypass the reimbursement formalities at any of the network hospitals by handling the cost of the treatment. With cashless health insurance, you do not need to worry about cash arrangements. You can go for the best treatment without thinking of a cash crunch.
Cashless health insurance is beneficial to a family or a patient who is in a dire emergency and is unable to arrange for money at the last minute. In such acute circumstances, a cashless health insurance facility serves as a boon to the patient’s worries.
Cashless health insurance can be availed based on two conditions:
Emergency Hospitalization: In emergencies, relatives may have to fill out the form for pre-authorization within 24 hours of admission. It will then be sent to the TPA in a fast-tracked manner, and they will process the claim within 6 hours. If one cannot wait for approval, then the cash that is paid will be reimbursed later by the insurance company.
Planned Hospitalisation: When there is sufficient time before being admitted to a hospital, you will have to fill out the pre-authorization form before the date of hospitalization. You must carry your policy card with you. After submission, the form will be checked, verified and sent to the TPA. The TPA will then accept the claim or reject it, giving a suitable reason for doing so.
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When a patient gets admitted to a network hospital, they will have a choice to make use of the cashless health insurance feature. A network hospital is a hospital that is tied up with health insurance companies. All the necessary coordination between the insurance company and the hospital will be handled by a third-party administrator (TPA) or a representative of the company. They will settle the cash as well as the cashless health insurance claims. This representative has the authority to accept or deny the patient’s claims for cashless medical insurance. Since insurance companies ensure that the network hospitals maintain their standards through stringent quality checks and yearly contract renewals, they offer some of the best cashless health insurance.
To claim cashless health insurance follow the given below steps.
Few key points that must be considered before selecting a cashless health insurance plan:
When the health insurance company directly settles your medical bills with the hospital, it is called a cashless claim settlement. This is very useful when one may not have cash on hand, and there is a medical emergency.
There are two main categories that health insurance policies come under. They are reimbursement and cashless.
With cashless health insurance, you can immediately get admitted to any of the network hospitals in case of a medical emergency. You are not required to wait, and full fill cash deposit formalities. You have to inform to help desk in the hospital and to your insurer about your hospitalization. Later, after submitting all the required documents, your insurance company pays hospital bills directly.
Under Mediclaim 80D, the premiums paid for health insurance for self, dependent parents, children, and spouses are exempted from tax. Thus, you can have saved a good amount of money and enjoy the tax benefit. It also reduces your taxable income, which reflects less tax liability.
During any medical exigency, you do not need to get confused about the hospitals. Under cashless health insurance, you can admit in the network hospitals nearby to your residence. These hospitals provide good healthcare services and treatment and also have trained medical professionals. You can rely on their medical treatment and get your bills paid by the insurer.
This cover includes your pre and post-hospitalization expenses that include diagnosis, treatment, and medicine expenses, along with doctors’ fees. It also covers treatment costs such as dialysis, chemotherapy, daycare treatments, and surgeries as well. With this cover, your savings will not be drained in treatments, and you can keep it for your future.
Cashless health insurance gives you peace of mind. You can stand strong in any medical emergency. You do not need to borrow extra money for you or your family member’s treatment. From hospitalization to daily cash allowance, ambulance cover, second opinion all you get under this cover.
Check Religare health insurance that gives you immediate cashless health insurance at an affordable premium to stay protected.