The rising costs of healthcare facilities have started to put a lot of financial stress on people. With just one visit to the doctor, you can expect to spend at least thousands of rupees. This is why health insurance has become an important investment to protect yourself from sudden medical expenses. Health insurance offers you financial protection during medical emergencies and routine treatments.
Some people find health insurance unnecessary as they are unaware of its benefits. If you are one of them, you must know about the endless benefits of a good health insurance plan. Cashless health insurance has gained huge attention among the various available options. It is a plan that simplifies managing medical care financial transactions. Let's explore the convenience of getting cashless health insurance.
What is a cashless health insurance policy?
A cashless health insurance policy refers to health insurance that doesn't require you to pay any amount when receiving medical treatment. With traditional policies, you must pay for the treatment in full first, and only then can you apply for reimbursement from the insurer. This approach makes it a bit harder for a person to get health insurance benefits for two main reasons.
Firstly, the person will have to arrange the money for treatment, and without cash in hand, the procedure will not be started. Secondly, the process of reimbursement can take a long time. But with cashless mediclaim, you can easily get rid of these problems. However, there are other benefits, so let's look at the benefits of cashless health insurance plans.
What are the benefits of a cashless health insurance plan?
Here are the top five benefits of cashless health insurance:
1. Immediate Access to Treatment
As we discussed, the covered person receives instant treatment with cashless health insurance. So, even if the person doesn't have the money to access the treatment, they will be provided with the treatment.
This benefit of cashless mediclaim is crucial, as instant treatment can be a life-saving factor in some cases.
2. Wide Hospital Network
Cashless health insurance from a renowned insurance company offers a wide range of hospitals in their network. Moreover, you get access to the hospital across the country, which makes it easier to get treatment anywhere in India.
Generali Central's Health Absolute is a cashless health insurance plan you should consider for yourself, as it offers cashless mediclaim and a wide network of accredited hospitals in India. Not only this, but it's also one of the best health insurance plans for the family.
3. Hassle-Free Process
Since you don't need to do paperwork after the treatment, you have nothing to do. Once the treatment is done, you can focus on the recovery as the settlement is handled between the hospital and the insurer.
So, it becomes a hassle-free process, especially when the patient is the main person in the family.
How Cashless Health Insurance Works
A cashless mediclaim policy for families eases the process of getting medical care. It eliminates the need for any upfront payments. Here’s how it works.
When a policyholder or their family members need hospitalisation, they must go to a hospital that is a part of the insurance provider's network. These network hospitals already have an agreement with the insurer. So, they can offer you cashless services, which means the insurance company settles the hospital bills directly.
The process starts with pre-authorization. The covered person has to provide their insurance details at the hospital's insurance desk. Then, the hospital sends a pre-authorization request to the insurer. In this request, they outline the treatments and the estimated costs. The patient can get the treatment after the insurer reviews and approves the request.
During hospitalisation, the patient has to submit documents like ID proof and an insurance card. As the patient gets discharged, the hospital sends the final bill to the insurance provider. This bill is settled directly with the hospital.
It is a very organised process and reduces stress and paperwork for those covered under the cashless mediclaim policy for families. Hence, it ensures that the patient and their family focus solely on health and recovery.
Cashless health insurance plans are quite beneficial. They provide immediate access to treatment. This allows individuals to receive necessary medical care without upfront payments. Additionally, they offer a hassle-free process by handling settlements directly between the insurer and the hospital. Choosing a renowned company like Generali Central can further enhance these benefits by providing comprehensive coverage and an extensive hospital network.
