In India, most of the MNC, corporate and startup companies provide better health insurance coverage for their employees. Central government,state government, railway employees, teachers and other government sector employees are provided with medical insurance coverage by government. Recent times, state and central government provides medical coverage to common man and farmers. The aim of medical insurance coverage to safeguard the family and help the person in financial medical emergencies. But all these medical coverage and efforts become worthless if the person does not fully understand the coverage and medical insurance information.
Understand your Health coverage and network hospitals.
Understand the health insurance coverage is important to get better coverage from the insurance. For example, employer may provide family medical coverage for 5 lakh rupees. Employer may give option to employees to increase the coverage by small premium amount. Just paying 5000 rupees annual premium would increase the medical insurance coverage by 5 more lakhs. Spending 5000 rupees would give coverage of 10 lakhs.
you and your family has medical coverage of Rs. 5 Lakhs.
Medical insurance companies tie-up with hospitals and they publish their network hospital in their website. Insurance company gives you a list of hospitals to which they have tied up their services with so in case of an medical emergency if you get admitted to any of the hospital in that list you can avail of cashless treatment i.e. your treatment cost will directly be taken care by your insurance firm.This will ensure that you don’t have to run around arranging money for treatment which is a very major hassle in many medical cases even leading to loss of life , this plan has been specifically created to counter this problem. In case of emergency or planned hospitalization, just provide details of medical insurance to the hospital. If the hospital is network hospital with the insurance company, the hospitalization would be cashless and stress-free. Otherwise One of network hospital provides better treatment, we can consider that hospital as it supports by insurance coverage. If you admit to Non Network hospitalization, you have to take care of your own bills and produce the bill to your particular insurance firm which may accordingly reimburse you depending on company policy and your insurance plan.
Know Network hospital an non network hospitals of your medical insurance firm
Few medical(health) insurance companies provides free medical check-up free for your family. You can take body check-up for your family using the medical insurance. Post hospitalization, it provides support for 30 – 60 days for medicine or any check-ups.
Free medical check-up to your family from medical insurance company
All the above benefits are provided by medical insurance firm. You can avail these benefit only if you understand the medical insurance coverage. It is time to know your medical insurance coverage and network hospital.
Understand your medical coverage and network hospitals.
After explore the medical coverage and network hospital, sit with your family and explain them as well. It would help them to act in emergency. Get the medical insurance ID card hard copy and network hospital list in your city. Mark nearest hospital in the list. It all would take maximum of 1 hour of your effort. Believe me, it is worth spending time to explore the medical coverage.
Get the network hospitals in your city and mark the nearest hospitals in the list.
I forced to write this after I had discussion with one of my former teammate. Already I knew that his employer provides the best medical coverage to him and his family. I asked him that how much the coverage of medical insurance. He said that he is unaware of his medical coverage and limit. Finally it forced to write on employer medical coverage information. Don’t take for granted. It is tough to get medical insurance for your elder parents from third insurance company or it would be available at higher premiums. It is given to employees as a benefit. Once again, Please don’t take it as granted.
Medical insurance are highly beneficial. Please don’t take it as granted.
If you are businessman or middle level worker or your employer is not providing the medical coverage, you can avail the medical insurance by yourself. We will discuss on third party medical coverage in upcoming post. Have a healthy life 🙂
It is my view of medical insurance coverage. Let us know your comments on medical coverage. Share the experience by sharing the knowledge.