Cashless Health Insurance Claims: All Questions Answered

When it comes to health, it is always better that you take precautions. If you’re suffering from any illness that requires hospitalization, paying lengthy bills could be stressful. Purchasing a health insurance policy could prove to be helpful in situations like these. See to it that you buy a medical policy at a young age, so you have to face fewer complications and the premium is low as well.

Make sure that your health insurance policy has the cashless claim feature. If you find it difficult to understand what cashless health insurance is; mentioned below are answers to 10 frequently asked questions about the same:

  1. What does cashless claim mean?

Claims that can be settled without having to pay upfront are known as cashless claims. The insurance company will take care of the hospital bill, and you must pay the deductible amount if you have opted for it.

  1. What does deductible amount mean?

An amount that you contribute from your side as an insured person when you settle a claim is known as a deductible. It is a small amount compared to the claim amount.

  1. What is the purpose of network hospital?

An Insurance Company has tie-ups with certain hospitals for settling cashless claims, they are known as network hospitals. The purpose of this is to facilitate the smooth processing of cashless claims.

  1. What is the process of cashless insurance?

You must intimate the insurance company when you get admitted for treatment in a network hospital. The hospital bill will be settled between the insurance company and the network hospital once the insurance company runs a basic check regarding your policy coverage. The above process is generic, refer to your company’s site for the entire insurance claim procedure.

  1. Is there any extra charge for availing a cashless facility?

No extra money is charged for the cashless claims facility by the insurance company. It is an essential feature of modern insurance companies.

  1. Do all insurers provide cashless facility?

Not all of them, but many insurance companies provide you with the cashless facility. You will have to check the list of network hospitals of your insurer so that you can make an ideal choice concerning cashless claims.

  1. What if your insurance company does not provide you with the cashless claims facility?

If this is the case, then you might have to go for the Reimbursement facility. This activity consumes more time when compared to the cashless feature.

  1. Is cashless better than reimbursement?

Cashless claims facility is quick, transparent as well as convenient, and so is better than the reimbursement option.

  1. How to choose the right policy when it comes to cashless claims?

It is vital to check the terms and conditions of the policy before you purchase it. When it comes to cashless health insurance claims, look for the limitations that are associated with the plan and make a wise decision. Also, read the inclusions and exclusions of the policy thoroughly before making a purchase.

  1. How to select the right insurer concerning cashless claims?

You can always ask for advice from your friends or family. Another convenient way for selecting the right insurer is to check online. You can compare various health insurance policies as well as health insurance providers online. You don’t have to go through the hassle of contacting an agent anymore. Before you purchase the policy, look for the Claim Settlement Ratio of the company and online reviews.

Clare Louise

Back to top