Sentences with phrase «cashless mediclaim»
"Cashless mediclaim" refers to a type of health insurance or medical coverage where the insured person does not need to make upfront payment for medical expenses at the hospital. Instead, the insurance company directly settles the bills with the hospital, allowing the insured person to receive treatment without the need for immediate cash payment. Full definition
Presumably hurt on their balance sheets by the allegedly inflated bills for medical costs of people covered by cashless mediclaim facilities, these insurers have pruned the list of hospitals in four large cities for providing this facility with effect from this month.
indianexpress.com
Patients covered under cashless mediclaim policies of state - owned insurance firms may have to procure drugs and medical equipment directly from suppliers and pharmacies designated by the insurers.
The insurer can avail of cashless mediclaim under such circumstances as well by informing the insurer accordingly.
After clamping down on hospitals allegedly overcharging patients holding cashless mediclaim policies, insurers have started restoring such facilities selectively.
In cashless mediclaim, patients can be hospitalised and treated without any cash payment.
Before buying an insurance plan, check whether the insurer provides cashless mediclaim facility.
Though most plans offer cashless mediclaim and reimbursement claim settlement policy, reimbursement option is not favored because it involves the policyholders to pay the bills initially and then get it settled from the insurer.
Insurance Regulatory and Development Authority (Irda) chairman J Hari Narayan recently confirmed what many patients already knew: that some hospitals overcharge cashless mediclaim holders with needless tests and procedures.
Having offered these rate packages to various hospitals over a period of several months, those agreeing to the offer were included in a «Preferred Provider Network», or a network of hospitals where cashless mediclaim facilities would be available, the insurers said.
Where can we get cashless mediclaim policy comparison table?
This happens mostly in emergency cases where the TPAs require time to facilitate cashless mediclaim treatment.
This is why cashless mediclaim policies are a better choice.
Check out the list of the PPN hospitals and always get admitted in a network hospital to ensure cashless mediclaim settlement.
If the policyholder avails of medical care in a facility that is not listed under the network of hospitals, then they can not avail of cashless mediclaim for that particular round of treatment.
However, cashless mediclaims do cover benefits like ambulance charges, critical illnesses, pre and post hospitalization medical expenses and in - patient care, to name a few.
Cashless mediclaim service offers you the benefit of availing medical treatment at your insurer's network hospitals, without you having to pay from your own pocket.
The cover provided by HDFC Life Easy Health cashless mediclaim policy will be available for a period of 5 years.
Last month, four public sector insurers slashed the number hospitals which could treat cashless policy holders, saying many hospitals were overcharging patients holding cashless mediclaims.
The insurer should read the terms and conditions mentioned in the policy and provide the necessary documentation under both cases, so that they can enjoy the maximum benefit of cashless mediclaim.
Cashless mediclaim policy helps you in dealing with medical emergencies by paying your hospitalization expenses upfront.
Be that as it may, consumers will have to be careful in selecting a cashless mediclaim policy.
This was interpreted by some as withdrawal of the cashless mediclaim facility by these insurers.
Finance Minister Pranab Mukherjee today allayed fears of withdrawal of the cashless mediclaim facility by public sector general insurance companies, saying these firms have not done away with these schemes and are only standardising the rates for various hospitals.
Which are the best health insurance policies available for you today in India How can one claim money after hospitalisation if you do not have a cashless mediclaim facility?
However, after prolonged negotiations with the healthcare industry, the cashless mediclaim facility was restored in some of the leading hospitals that were removed from the list earlier.
However, a cashless mediclaim plan also has some challenges that make availing the claim a nightmare.
Cashless mediclaim is a type of benefit within medical insurance and can be availed of within an individual or family floater policy.
Here is how the cashless mediclaim facility works --
You can have individual health insurance policy, cashless mediclaim, group health insurance, travel health insurance, senior citizen health insurance, maternity insurance, family floater health insurance and critical illness cover as per your needs.
Cashless mediclaim also provides tax benefits and can be renewed every year throughout the lifetime of the policyholder.
Apart from that, various policies offer a myriad of advantages like transfer of policy from one policyholder to another, cashless mediclaim that is valid outside India.
The most important aspect to cashless mediclaim is the network of hospitals, failing which, it can not be availed.
A cashless mediclaim insurance plan has two concepts; one is the Preferred Provider Network (PPN), which is a hospital that is tied - up with the insurer to provide cashless treatments to the policyholder.
In other words, even if the policyholder does not have the money for medical treatment during emergencies or when medical attention is required, cashless mediclaim covers their medical and hospitalization needs.