- The health insurance plan will cover your medical expenses only if you have been admitted to the hospital for at least 24 hours.
- A waiting period of health insurance policy can be from 15 to 90 days. Taking a plan with limited or sub-limit can also be a big burden on your pocket.
The number of people taking health insurance has increased in the country. In such a situation, if you are also thinking of taking a health insurance policy, then it is very important to know before you that when your insurance company will not bear the cost of your treatment. Today, we are telling you about 5 such things, due to which you may have to bear the cost of treatment even if you have a health insurance plan.
Keep in mind the waiting period while taking health insurance
Buying a health insurance policy does not mean that the insurance company will cover you from the very first day of buying the policy. Rather, you will have to wait a few days to claim. That period is called the waiting period of a health insurance policy until after you buy the policy until you can claim any benefit from the insurance company. These periods can range from 15 to 90 days. You should get a policy from a company that has a low waiting period.
Do not take limit or sub-limit plan
Avoid the private room rent limit in the hospital. It is not necessary for you to be kept in which room during the treatment. It is not right for you to set a limit or sub-limit by the company for expenses. Keep this in mind while taking the policy. Sub-limit refers to setting a limit for re-insemination. For example, if admitted to the hospital, there can be a limit of one per cent of the sum insured on room rent. Thus, no matter how much the policy is insured, hospital bills may have to be paid out of pocket for spending more than the limit.
Pre-existing diseases can cause pockets empty
All health insurance plans cover pre-existing diseases. However, they are covered only after 48 months. Some cover these after 36 months. However, at the time of purchasing the policy one has to tell about the pre-existing diseases. Before such a period, if you fall ill due to these diseases and are admitted in the hospital, then its expenses will not be covered.
Co-pay will have to be heavy on the pocket
In order to save some money and reduce the premium many times, people take the facility of co-pay. Co-pay means that in case of a claim, the policyholder will have to pay some percentage of the expenses themselves (eg 10 per cent). Choosing Co-pay is not much of a premium discount. But if you fall ill, it can empty your pocket.
Must be admitted 24 hours
The regular health insurance plan will cover your treatment expenses only if you have been admitted to the hospital for at least 24 hours. All your expenses for the treatment of the disease will be covered during the hospitalization. But if you are discharged before 24 hours, then you will have to pay for the hospital out of your pocket.