A lot of people have the opinion that a health insurance policy only pays your hospitalization bills.But that is not the case. If you have one of the best health insurance policies, then you would be able to pay for different medical expenses as well. Because of the fact that people are unaware of the several benefits of a health insurance policy, many of its useful features remain unused. There is no use having a good health insurance policy with plenty of features if you dot avail them at the right time. Here are some hidden benefits of a health insurance policy:
1. Recovery benefits
Also called the recuperating benefit, insurers takes care of the recovery expenses of the insured person. This benefit is provided to take care of the supplementary costs related to hospitalization.Plus, in the case of a larger period of hospitalization (7-10 days) the insurer provides a lump sum amount to the policyholder.
2. No cost health check ups
Another hidden benefit of a health insurance policy is that it provides free health check-ups from time to time. Hence, insurers provide no cost health check-ups, if tests are carried out at empanelledcentres and hospitals.
3. Top-up
One of the hidden benefits of a health insurance policy is the ability to choose a wider healthcoverage, which most likely happens at many turning points in life. You may be getting promoted ormarried or there may be other reasons. So, instead of getting a new health insurance plan, you cango for top-ups. If you get a top-up on your health insurance plan, you get to modify and enhance thecoverage. It also helps you save money and you also don’t have to go for a medical screening again.
4. Ambulance fee
Ambulances are absolutely crucial at the time of emergencies. Your insurer pays the entire cost ofthe ambulance transfer. Hence, you can use the ambulance facilities with your health insurancepolicy. The waiver of ambulance fee is an add-on benefit that the insured person gets with the coverthey choose for themselves or their family.
5. Cumulative bonus
The term may seem familiar, but many policyholders don’t know about it. Cumulative bonus is afeature that entitles you to an increment in the sum insured, if you have not made any healthinsurance claims during the previous term. You can easily avail it at the time of renewal of yourhealth insurance.
6. Post and pre hospitalization facilities
You must be aware of the post and pre hospitalization charges as well. These expenses could rangefrom a time period of 30 to 60 days, according to the health insurance policy you choose. The prehospitalization charges include medical expenses before you get hospitalized. They could bediagnosis and medical check-ups done to analyse the treatment.On the other hand, the post-hospitalization expenses are the total amount of the bills incurred afteryou get discharged. It could be routine tests, follow up visits, etc. Hence, you must know that eventhe expenses that are incurred pre and post hospitalization are taken care of.
7. Cover for pre-existing disease
Before you purchase a health insurance policy, you can go for a medical test to determine thedegree of fitness before choosing a plan. If you have a pre-existing disease it gets covered after 2 to4 years after the policy starts. The diseases could be diabetes, cancer, hypertension, kidney failure,etc. You must inform the insurance provider before you purchase a policy and you would have to gofor a health insurance plan especially tailored for this purpose.
So, now you know that you can avail these features as per your health insurance policy. Make sureyou read the policy document carefully to know if you can avail these features, because then onlyyou can extract the maximum benefit out of it.
