Some Lesser-Known Facts about Health Insurance Policies

It is commonly taken for granted that a health insurance policy pays only for hospitalization; however, that is not so. Majority of health insurance policies pay the bills for associated expenses too. There are several unknown benefits that hide in plain sight when it comes to health insurance policies.

Irrespective of the fact that your agent has told you about the clasues, it is necessary that you get detailed information it yourself. So here, in this article, we have some of the lesser-known facts about a health insurance policy.

Costs for an Alternative treatment

Recently IRDA, which stands for Insurance Regulatory and Development Authority, has drafted a couple of guidelines that my act as a barrier to some companies for covering certain forms of non-allopathic treatments. Treatments such as the ones done under Ayurveda and Homeopathy may or may not be covered under it. So this is one of the major aspects that you need to check for before signing the policy papers.

Treatments needed to be taken at home

Generally, the impression of a health insurance policy is that its scope is restricted to hospitalization costs. However, majority of policies have recently widened their scopes by covering additional costs that are incurred once the treatment is stopped at the hospital but still continues at home. In this, accident related cases are a majority.

Cash allowance

A commonly known fact – all health insurance policies take care of costs related to hospitalization. However, what about the overhead costs? like the money spent for food or that for near-and-dear ones who need to travel all the way to meet you? Well, this is exactly why you need to do a detailed check on what your policy does and does not cover. Check if your policy offers these pre-fixed overhead costs.