Cashless hospitalization is a service that lets you get medical treatment without paying anything at the time of admission. Your health insurance company pays the hospital directly, as per your policy. This way, you don’t have to worry about arranging money or getting stressed about the bills. You can focus on your health and recovery.
Cashless hospitalization has many benefits, such as:
- Reduced financial burden: You don’t have to spend your savings or borrow money to pay for hospitalization. You also don’t have to face poverty or hardship because of medical expenses.
- Comprehensive coverage: You get covered for all the hospitalization costs, such as room rent, doctor’s fees, medicines, tests, and more. You also get covered for pre-hospitalization and post-hospitalization expenses, such as consultations, diagnostics, medicines, and follow-ups. Some policies also cover ambulance charges, domiciliary treatment, and alternative therapies.
- Easy and quick process: You don’t have to fill any forms, submit any documents, or wait for any approvals. You just have to inform your insurance company or its third-party administrator (TPA) about your hospitalization, and show your health insurance card or policy number to the hospital. They will take care of the rest.
- Quality treatment: You get to choose from the best hospitals in your area, which are part of the network of your insurance company. You also get quality treatment from reputed and accredited hospitals, which may offer discounts and offers to the insurance companies.
- Tax benefit: You get to save tax on the premium amount paid for health insurance, under Section 80D of the Income Tax Act, 1961.
Cashless hospitalization is a great way to get the medical care you need without worrying about the financial implications. It is a convenient, hassle-free, and cost-effective service that can make a huge difference in your health and well-being. However, you need to have a suitable health insurance policy that offers this feature, and be aware of the terms and conditions, limitations, and exclusions of your policy.