Buying a health insurance plan can be an expensive affair, but not buying it is even more expensive, when it comes to life. Simply put, if you do not have medical insurance, you will have to pay for all medical expenses by yourself. In case of medical emergencies, people may find it difficult to generate enough cash on time. On such occasions, medical insurance will come in handy.
In India, over the last few years the market for medical insurance, along with travel insurance has increased in terms of size and customers. Nowadays, even travel insurance plans offer medical insurance as part of their insurance package. These kinds of health insurance plan are synonymous with the offers of a travel insurance cover.
Coverage for various medical expenses, in case of emergencies or accidents, are provided by several mediclaim policies. Accident insurance, which acts as a rider, is provided under medical insurance. People, who think that they do not need a medical insurance, are the kind that may be under the delusion that they may never get sick or get hurt. However, unfortunate or unforeseen circumstances can occur at any time and to anyone. In such circumstances, a medical insurance can prove to be beneficial, especially when it is an emergency.
Typically, an average health insurance plan provides cover for doctor's bills, hospital room expenses, cost of minor surgeries, laboratory tests, X-rays, mental health care and emergency health care. In some case, a health plan may also provide cover for nursing home care, prescription drugs, and use of durable medical equipments, eye-care, and dental care.
In rare cases, a health insurance plan can also provide cover for education programs and support groups. Alcohol de-addiction programs, programs to stop smoking or substance abuse are covered under special types of health insurance. There are sophisticated plans that provide you with your doctor, in the form a relationship manager. In case the insured is admitted in a hospital, the assigned relationship manager will take care of all formalities and provide assistance with treatment.
Cashless services, at hospitals, are another feature. Under the mediclaim plan, the insured is given a card. This card in turn will act like a credit card of sorts. Upon the presentation, the hospital is authorized to go ahead with treatment, despite cash. The insurance company will then proceed to reimburse the hospital for all the expenses, based on the conditions stipulations of the medical insurance policy.
Finally, it is wise to buy a health insurance plan, as emergencies pertaining to health can occur at any time. Most of all choose a health plan that best suit your needs and the one that can provide you with adequate coverage against financial risks that can arise out of medical emergencies.
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