Modern medical science has achieved great success because of technological advancements and fresh insights from studies. However, the cost of treatment has also increased. Even minor injuries may result in a hospital stay that can cost thousands of rupees. This article offers advice on why to buy health insurance and how to use it to reduce the cost of hospitalisation.
Which health insurance to buy and how to use it?:
- Choose a health insurance provider that pays for both pre-and post-hospitalisation expenses:
Medical emergencies require more than just hospitalisation to be treated. Pre-hospitalisation evaluations to figure out the cause and post-hospitalisation care after treatment, may be required in specific circumstances. Buy health insurance that covers such procedures for a cost-effective solution. *
- Keep an eye on your health with free health checks offered by your insurer:
Numerous health insurance providers include wellness or health programmes in their insurance plans. These are useful in tracking your recent health state and looking for patterns that could indicate a health problem. Certain insurance policies, such as the employer’s group health insurance coverage, provide these programmes at no cost. By spotting medical issues early on, these programmes assist you in avoiding them. Long-term hospital costs may be reduced as a result of this.
- Decide on a policy that also includes alternative therapies:
While people frequently choose allopathy treatment, one could also opt for alternative treatments such as Homoeopathy, Ayurveda, etc. So, buy health insurance that includes AYUSH, i.e. alternative medicine coverage. This way, if you opt for alternative treatment, your health insurance plan may cover the costs.*
- Save more money on the room rent:
One of the main variables that drive up a hospital bill’s total cost is the room rent. You can lower this expense with your health insurance plan by choosing the add-on known as Room Rent Waiver. This can enable you to delete or lower the sub-limit on room rent and reduce the hospital bill cost.*
- Ensure that your insurance policy covers the cost of transportation.
Transporting a patient from one location to another is necessary in medical emergencies. Ensure that the insurance plan covers ambulance costs by checking the policy.
- Opt for family health insurance plans:
This can cover you, your spouse, both of your parents, and your kids. Health insurance plans for family are very popular due to the numerous benefits. Your insurance provider can help you with further details. *
- Receive care in a network hospital:
Receiving treatment at a facility that is a part of the insurer’s network may enable you to submit a claim without paying any money upfront. This may just be the most considerable hospital bill reduction that exists. You may only need to pay the deductibles under cashless claims because the insurance provider may cover most of your hospital expenses.
All of these are reasons to buy health insurance. A health insurance premium calculator can help you decide on a plan that suits your needs while taking various factors into consideration. It is not enough to only buy health insurance. Remember to maintain it by renewing it regularly. An inactive policy may not provide any insurance-related benefits. Any costs associated with a medical emergency must be covered entirely by you.
* Standard T&C Apply
‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘