Health insurance is a service provided by insurance companies that pay for the insurer’s medical and surgical expenses. Health is the most uncertain part of one’s life because anyone can come across any health-related issues at any point of time.
Yes. Health Insurance policies cover pre-existing illnesses; however, there is a waiting time from the policy’s effective date. In most cases, the waiting period is between two and four years. Some insurance firms, on the other hand, have shorter waiting periods. If you’re looking mainly for pre-existing illnesses, then it is better to get insurance that has a shorter waiting period.
To claim settlement, you require documents, including hospital bills, identity proof of the member insured, claim form, health card, etc. However, if you’ve taken cashless treatment, a pre-authorization must be provided to the TPA from the insurance company.
If you want to avail the cashless treatment, make sure to take treatment in the hospital included in the insurance policy’s network list. However, a pre-authorization must be submitted to the hospital for a specific treatment from the insurance company before 48 hours of admission. Hence, the treatment expenses will be dealt with by the Insurance company directly.