What Does Health Insurance Cover?

If you are still pondering over the benefits of health insurance plans, I can assure you that you will be intrigued to buy health insurance after the end of this post. Based on the type of health cover you choose to buy, you will receive the following coverage for:

• Cashless Treatment: If you buy a health insurance policy, you will become eligible for cashless treatments. You can avail the benefits of cashless hospitalization at any of the various network hospitals your insurer is associated with.
• Ambulance Expenses: Another significant benefit of possessing medical insurance is that the policy offers coverage for ambulance expenses incurred on the transportation of insured. This way, it eliminates the need for arranging a vehicle in the event of a health emergency.
• Pre & Post-hospitalization Expenses: Health insurance policies offer coverage for pre and post-hospitalization costs for a specific number of days, preferably for 30 and 60 days respectively. However, some insurers offer coverage for more days since it totally depends on the type of plan you are purchasing. ​
• No Claim Bonus: Chances are, you have already come across the term No claim bonus or NCB if you have a small idea about insurance policies. NCB for health insurance stands as an award that is paid to the insurer at the time of the policy renewal on condition that he/she has not filed any claim during the previous policy term.
• Medical Checkup: When you choose to buy a health cover on the basis of your preferred plan type, you will become eligible for free health checkups. Keep in mind that such health checkups are offered by some insurance providers on the basis of your previous NCBs.
• Organ Donor Expenses: A mediclaim policy provides you with the security against any worry of medical expenses that come with the procedure of undergoing an organ transplant surgery. If this feature is not already offered by your basic health insurance plan, it may be offered to you as an add-on cover.
• Room Rent: Most providers of insurance policies in India offer coverage for hospital room rent costs on the basis of the premium paid by the insured individual and the Sum Insured amount.
• Daily Hospital Cash Allowance: You can consider Daily Hospital Cash Allowance as one of the hidden features of health insurance given that you are offered this benefit under your plan. This feature allows you to take care of your additional expenses such as travel, food and other similar expenses during hospitalization.
• Alternative Treatment: Nowadays, a number of health insurance providers offer coverage for alternative treatment like Homeopathic, Ayurveda, Yoga, Unani and others. On your purchase of a health cover that offers coverage for these alternative treatments, you will be able to make the most of those treatments without having to bear any expenses on your own.
• Domiciliary Treatment: This treatment basically means treatment at home. Most of the health insurance plans today cover the costs of domiciliary treatment for availing treatment at home under medical supervision.

In addition to the above-mentioned common benefits of health insurance plans, you may also be eligible to avail benefits like coverage for bariatric surgery, dental treatment, attendance allowance, and others. But keep in mind that you will be able to enjoy these benefits only if your health insurance policy covers them.