Health emergencies come without a warning. Usually, people realize the presence of any disease or ailment after it escalates, making hospitalization inevitable. In such situations, paying exorbitant medical bills can significantly affect their savings. Thankfully, the availability of cashless health insurance offers a reassuring solution without going through hassles. Read ahead to learn everything about cashless mediclaim insurance.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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Cashless Mediclaim insurance allows policyholders to avail cashless hospitalization facilities at a network hospital of their insurance company. It ensures that the insurer pays your medical expenses directly to the network hospital upon completion of treatment. All health insurance providers in India have tie-ups with hospitals that provide cashless treatment.
Opting for cashless mediclaim insurance lets you take treatment at any of your preferred network hospitals without worrying about paying the medical bills. However, cashless treatment cannot be availed at a non-network hospital of your insurance company.
Here are some significant benefits of cashless health insurance:
For a smoother experience, follow the below procedure to raise a cashless mediclaim insurance claim:
Step 1: Get admitted to a nearby network hospital in your city. In case of planned hospitalization, inform your insurance provider at least 2 days before admission. However, inform the insurance company about your emergency hospitalization within 48 hours.
Step 2: Show a valid identity card and the health card issued by your insurer at the hospital.
Step 3: Fill up the pre-authorization form and submit it to the hospital.
Step 4: The network hospital will submit the pre-authorization form and the required documents to your insurance company requesting cashless treatment approval.
Step 5: If satisfied, the insurance company will review all the documents and authorize your cashless treatment.
Step 6: Obtain your treatment, and pay the bills that are not covered by your health policy at the time of discharge.
Step 7: The hospital will send the bills to the insurance company for settlement.
Step 8: After cross checking all the documents, the insurer will pay the bill amount directly to the network hospital.
Amid the rising cost of medical facilities in India, you might struggle to pay the hefty hospital bills during a medical emergency. Cashless mediclaim insurance lets you receive the best treatment without worrying about paying the bills. However, to avail cashless treatment, make sure you get admitted to a network hospital of your insurance company and read all the terms & conditions of the policy carefully.
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