Cashless Hospitals and Hospitalization An Overview
During an emergency hospitalisation the primary concern other than the health of the patient is the money required towards hospitalisation. Many times, in such situation you have to either run to the ATMs or banks to withdraw the huge sum of money or reach out to family and friends to get the necessary treatment. Apart from that the cost of hospitalisation, room rent, surgery and treatment could mean additional burden on your finances. To combat these problems you need a health insurance which could relieve you from the hassles of treatment by offering you admissions at several cashless hospitals in your city and taking care of hospitalization and medical expenses. Cashless hospitalisation is offered with your health insurance intended to avoid the anxious and tensed moments during hospitalizations.
If you are wondering what this service all about is, then, in simple words, it’s a health insurance service, where, you get admitted in a network hospital and you don’t have to burn a hole in your pocket to settle the medical bills and expenses. All the expenses are looked out by your insurance company. Also, known as network hospitals, you could get cashless service from the hospitals covered under your health insurance company.
Hospitalisation covered under cashless hospitals can be of two types — planned hospitalization and emergency hospitalization. Planned hospitalization happens when you have sufficient time to plan and arrange for your hospitalization. There might be cases when your doctor might advise you an operation, within a month. In such cases, you will have time to arrange and plan for your operation. If this is the case, then, to benefit from the cashless facility, it is important that you send the preauthorization request to your insurance company’s third party administrators (TPAs) at least 72 hours before your intended admission. This will ensure a stress-free admission process for you.
The other is the emergency hospitalization. As, the name suggests, this happens in case of emergencies such as an accident. One cannot plan for such unfortunate mishaps, thus, to ease out the entire process, an ID issued by your insurance company is shown at the network hospital and you can avail cashless admission facility. It is, therefore, practical that every insured individual should carry their ID card with them at all times. After all, you can never foretell an emergency! Cashless hospitals and hospitalization is one of the most significant aspects that should be well thought-out when buying health insurance. The fact is that though no one can provide coverage for emotional loss, financial losses during a medical emergency can be certainly covered. And, cashless is a brilliant facility for customers that takes away at least some anxiety and stress during the hospitalization.
