“Health is Wealth” is one of the famous phrases, which most of us have heard of. These days, people lose their health to earn wealth and then lose their wealth to regain the lost health. It is when we realize that our health requires special care, we look out for alternatives like a health insurance policy.
People buy these policies in a hurry, only to realize that it doesn’t fulfill the purpose for which it was bought. Depending on what type of coverage you’ve opted for at the time of purchase of your policy, your health insurance may cover against personal accident, surgery, all types of hospitalization, etc.
A health insurance policy will cover the most important health benefits such as doctor visits, hospitalizations, prescriptions, maternity, infant care, mental health care etc. The hospitalization clause of a health insurance policy, generally includes the following:
Normal hospitalization for scheduled surgeries
Emergency hospitalization in event of an accident
Emergency surgeries or medical procedures
Some insurance companies do not distinguish between hospitalization types. For the purposes of health insurance coverage, it will all be considered the same. However, these benefits can vary based on factors such as pre-existing medical conditions, type of policy coverage opted for and the insurance company from where you are planning to buy the policy. Some health policies like Reliance Health Insurance Plan provide cashless hospitalization, discounts to the girl child and other added benefits.
If you have already bought a health insurance policy and after having read it carefully, you realize that these benefits are not a part of the policy, then you can do either of the following:
- Contact your insurance company to check if you can have any additional requirements or add-on covers added to your existing policy.
- Get in touch with an insurance agent and tell him / her about the type of coverage you are looking for.
- Buy a standalone personal accident policy separately, which will cover you in case of an unfortunate event of accidental death, permanent disability etc. resulting from an accident.
- Opt for a critical illness insurance that can cover you for medical procedures related to cancer, kidney failure, heart attack, paralysis, stroke etc.
A Health Insurance covers you for everything, provided you were hospitalized, be it for any reason; due to accident, illness, or disease. If someone met with an accident and he / she is hospitalized, then their mediclaim policy will pay for the bills. Also, if you have any special needs or requirements that you want your health insurance to cover, then it might be worth doing a full-fledged research and comparison of various policies online. Even after having bought the health insurance policy, it is important to read the document thoroughly to know the clauses of the policy.
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