When you are sick, you probably visit a physician nearby who initially prescribes medications. Even if you are not recovering then, he recommends laboratory tests and prescribes high doses. If you are not recovering from any symptom, then you should visit a laboratory for blood tests. You should frequently visit doctors or even get hospitalized if you are diagnosed with a major health problem or acute infection.To reach the hospital quickly, you should hire an ambulance and incur other medical expenses. The total cost of medical expenses is too higher. You should be able to promptly pay the amount to the hospitals and hence you should become a health insurance policyholder.If you are a policyholder, then you can find the best hospitals as quickly as possible and even save life. When a person is admitted to a hospital, then you should pay amount every now-and-then. Whenever any blood tests are performed or examinations such as x-rays, MT scan, etc is done, you should pay the amount. If you are shifted to a new ward, you should pay some expenses. But if sufficient treatment is not available, then you may not avail the best treatment. If you are a policyholder, then you should make some payments, also known as co-payment. It is a part of payment made by the policyholders.
What is co-Pay And Benefits of co-Pay?
It is the sharing of payment done by the insurance companies and the policyholder is undergoing any treatment. The insurance companies cannot make payment entirely to the policyholders because they consider different factors such as sum assured, premium paid, tenure etc. If the insurance companies pay the entire amount, then the policyholders do not avail much benefit at the end of maturity period. So, the insurance service providers decide to pay some portion of the amount to the hospitals and expect the policyholders to pay the remaining payment.Co-payment is useful to the policyholders because they can get lump sum amount after the maturity period.
The Benefits of Health Insurance Policy
The health insurance policy is useful to everyone because nobody can predict health conditions. But you require health insurance policy under some circumstances to prevent any acute health problems.
The people who are born with a weak immunity system should be insured because they can fall ill anytime due to environmental threats. So, they should buy an insurance policy so they can avail the best treatment when they become infected due to any diseases. Similarly, the people who are travelling extensively should also buy an insurance policy because they can easily become exposed to various environmental threats. They can fall ill if they eat contaminated food or if they suddenly fall ill may not find the best hospitals. But, if they are insured and have an insurance policy, then the amount may be remitted easily to any hospitals around the world. Many people are using financial instruments such as credit cards or debit cards and are making transactions from anywhere. The senior citizens usually become prone to any disease easily especially if they have any chronic disorders. They commonly experience problems such as diabetes, hypertension, lumbar disc problems, eye sight, etc. Suddenly they may experience severe symptoms such as heart stroke, kidney problems, lumbar prolapsed, etc. So, such people require quick hospitalization. So, if you are a senior citizen, then you should be insured because you may experience problems anytime. Some policies are specifically meant for the senior citizens. You can buy an insurance policy if are susceptible to any health problem and require medical treatment. Some diseases are not detected at the earlier stage. But you can be insured so you can get timely treatment.
Insurance Policy And Payments Made By Hospitals
You incur different types of expenses during your hospitalization such as ambulance, room rent, domiciliary expenses, scans, blood tests, x-rays, etc. The Care Health Insuranceis useful to the policyholders to make any type of payment. The insurance companies usually cannot pay all the expenses because the policyholder has not paid many premiums and they also pay the amount according to the sum assured. Some of the insurance companies expect that the policyholders should pay some amount to the hospitals. If a person is admitted to the ICU ward, then they should pay medical expenses every now and then. The insurance companies may pay the charges of the room rent and day care, but expect the policyholders to pay the medicine cost. A person who is undergoing IV constantly requires medicines. So, the patient can secure timely payment. The insurance companies can pay some amount to benefit the patients, but some of the medical expenses should be borne by the patients. A person should sometimes meet the doctor constantly for check-up even after undergoing surgery. So, these routine expenses are met by the patient.
The Care Health Insurance provides financial assistance to the people who require hospitalization or should undergo medical treatment.