Advantages of Cashless hospitalization
Increasing health facilities and treatment methodologies increases up the hospitalization expense up to an extent that even the middle class consider hospitalization as a nightmare. And if such unavoidable situation arises, family members find them in an add-on trouble of rushing to the ATM, asking money from relatives and approaching the banks.
But anyways, these arrangements have the uncertainty which is far too much of risk than the life of the patient. Cashless hospitalization saves the family members from all those troubles. All the medical bills which are under the sum insured are directly settled by the insurance company under a health insurance policy.
Types of cashless Hospitalization services:
- Planned : the insured has the information of hospitalization before 2-3days of hospitalization.
- Emergency : when the hospitalization is immediate because of some unexpected medical condition.
How to avail the benefits:
- Network Hospital : Check whether the hospital is included in the Network for Cashless Hospitalisation by your Health Insurance provider
- Inform TPA : Intimation of any hospitalization to the TPAs is the first step. TPAs help insurance company to recognize the claim.
- Identity Proof : Carry along the identity proof with your to show the hospital authorities..
- Fill-up the Insurance Claim form : Complete information to health insurer in prescribed format.
This seems to be simple. Well, it is and that is why cashless hospitalization is a very good facility in the health insurance policy when we consider the smoothness in the claim procedure.
Apart from caring about the problems of the insured while arranging money for the treatment, a cashless hospitalization secures the policy holder against the uncertainty associated with the quantum of claim paid, claim denial or the delays. It also enables the weaker section of society to get the treatment in good reputed hospitals than in state facilities.
Only word of caution with this is that a cashless mediclaim can only be availed on the hospital network of the insured. Thus a policy having either hospital of the nearby areas or with the maximum number of hospitals empanelled must be favoured.
To avoid the obvious stress and panic during the time of medical emergencies and hospitalization, insurance companies provide the facility of cashless hospitalization. Now people do not have to run here and there to get cash and help. You don’t even need to pay the bill at the hospital as the insurance company settles the bill itself. Cashless hospitalization is an excellent facility for customers as it takes away some of the stress and panic during the hospitalization.
I really like the idea of cashless hospital visits, it makes it easier for everyone involved to focus on getting treatment and getting well - rather than paying for yourself to get well. Often the cost of medical help is what puts people off going to hospital.
But I don’t like the idea that you have to visit a specific network of hospitals to avail yourself of this benefit.
Cashless hospitalization is surely preferred in emergency cases. Though it has many negative sides but the urgent requirement of cash cannot be denied. This makes it better option to choose. The many negatives like visiting only a specific network of hospitals is not preferred. A through article on the much argued subject.