Important Points About Health Insurance
From our previous example, we saw how a health insurance policy could be extremely beneficial. But before buying one, you should know some important points that we will discuss over here.
The most important point to note here is that your health insurance policy will cover only those medical expenses that are not incurred on the treatment of illnesses not covered or excluded under the policy. Almost every health insurance plan sold in India covers hospitalization expenses, daycare treatment, the amount expended on domiciliary care, organ transplantation, ambulance expenses, etc. Additionally, health insurance policies take care of pre and post-hospitalization expenses too.
Though many health insurance policies in India cover both pre and post-hospitalization expenses, it is important to keep in mind the following points before opting for a health insurance plan. These include:
- The insurance companies do not cover pre and post-hospitalization expenses for an infinite period. Most insurance companies cover the expenses incurred for 30 days or 60 days before hospitalization. Similarly, they cover post-hospitalization expenses for 60 days or 90 days after getting discharged from the hospital.
- The actual number of days for which pre-hospitalization and post-hospitalization expenses would be covered differs from one insurance company to the other, thus, making it important for the policyholder to read the details of the policy before buying it;
- The insurance company is liable to pay for the pre-hospitalization expenses subject to the condition that the expenses were incurred for the illness or disease for which the insured was hospitalized. Similarly, the insurer would pay off the post-hospitalization expenses only if they are incurred on the ailment for which the insured had been admitted to the hospital.