According the health policy scheme, mediclaim policy also provide the option of cashless hospitalization. Health insurance companies have tie-up arrangements; with several hospitals all over the country. These hospitals are part of the network. If the insured wishes to avail the cashless hospitalization option; he or she can take treatment in any of the network hospitals without having to pay the hospital bills. The payments to hospital is made by a third party administrator; who acts on behalf of the insurance company.
Family health insurance plans also take care of the treatment in case of a critical illness or serious medical conditions. Taking a family health insurance plan works out cheaper than purchasing individual health insurance plans for everyone. Insurers in India provide customized health insurance to families, based on their specific needs. You have the option to choose from various plans available, based on the needs of the family and the medical history of the family.
Health policy scheme
But unfortunately, health emergencies can strike when we expect them the least. However, with a health insurance plan for the family, you are at least able to protect your family from any financial constraint due to medical emergencies. A single policy provides the required protection to your entire family. You don’t need to go through the hassle of maintaining individual policies and pay premium for all of them. Instead, a health insurance plan for the family will be a hassle free option.
Many insurers also provide overseas mediclaim policies. Under such a policy, the insurer can seek treatment in both India and overseas. The chief difference between a mediclaim and a health insurance plan is the amount of sum insured. In case of a health insurance plan, the premium paid much higher and the sum insured is also high. Under a mediclaim policy, the sum insured is much lower. A family health insurance plan providing a broad range of protection to those who are covering under the policy.
It is important to understand the process for registering a claim under a family health insurance plan. As discussed above, the insurer can either provide a cashless support or reimbursements. The processing for both is setting out below. However, there could be variances based on the nature of the policy, insurer and the hospital where the treatment has been taken. The premium paid towards the insurance policy can be claiming as a tax-saving deduction under Section 80D.
Family health insurance plan is a complete package which is specially designing to offer protection to the insuring and his family. Under a family health insurance plan, you can cover yourself, your spouse, dependent children (above 90 days) and dependent parents (65 years) against health issues. Family health insurance plans also take care of the treatment in case of a critical illness or serious medical conditions. Taking a family health insurance plan works out cheaper than purchasing individual health insurance plans for everyone.