Hidden Benefits of Health Insurance That You Need to Know
Eastern Eye Staff
In a world driven by technology, health insurance remains a daunting investment to make. Many of us have this notion that health insurance pays for hospitalization expenses only. This is far away from today’s situation! Many health insurance companies offer plans that offer comprehensive coverage, including other medical costs and facilities. Due to a lack of awareness, people cannot take maximum advantage of their health insurance. Firstly, one needs to compare health insurance companies to have an assurance of their credibility and choose one as per their preference. Your health insurance will be more useful when you know all the features and use them for your benefit. Here are a few health insurances benefits that get little attention but are very useful.
There are health insurance plans in the market that take care of the recovery expenses of the insured. Usually, costs that occur due to hospitalization are covered in it, such as loss of income. It is also known as convalescence or recuperating benefit. The insurer reimburses a lump sum amount in case of extended hospitalization, such as ten days or more of the insured.
Organ Donor Expenses
Transplants can be expensive and financially incapacitating for a patient. Health insurance will give you the mental and financial strength for tackling the medical expenses of organ transplant surgery. Generally, health insurance companies cover organ transplants in their typical health insurance policies. But many people are unaware of this benefit. Compare health insurance plans in India for choosing a policy that clearly states organ transplant surgery.
Nowadays, people are levitating towards alternative treatments such as homeopathy, Ayurveda, and yoga. Many health insurance companies now include them in health insurance policies by seeing a surge in their popularity. However, the alternative treatment will only be covered when taken from a government hospital or an institution accredited by the National Accreditation Board on Health and the Quality Council of India.
Daily Hospital Cash Benefit
A daily hospital cash benefit offers insured additional money for covering expenses that are not covered by regular health insurance. In case of hospitalization, the policyholder receives a daily lumpsum amount for use as per daily requirements such as medicines, toiletries, food, traveling, etc. It can also be used to compensate for the loss of income until the time the insured stays in the hospital.
Health insurance companies do not provide coverage for cosmetic procedures. However, bariatric surgeries are now considered a treatment rather than a cosmetic weight-loss operation. It is deemed to be lifesaving for people with excess weight and can free them from severe and chronic diseases that occur due to obesity. If undertaken for a medical purpose, a person can claim the treatment amount.
Health insurance has several hidden benefits along with comprehensive medical coverage. One should read the details of the policy with utmost care for taking the advantage when necessary. It will also help in comparing plans and insurance companies for zeroing down on your best fit. Hence, do enquire about the above benefits before buying a health insurance policy in India.