What are the Challenges of Cashless Health Insurance?

Posted on: Apr 27, 2022 | | Written by:

What are the Challenges of Cashless Health Insurance?

There are a variety of features and options that come along with health insurance plans, which can be availed by the policyholders at the time of the claim settlement process. During medical emergency, policyholders can claim their health insurance plans and avail the accumulated benefits of their plan like pre and post-hospitalization costs, room rents, ambulance costs, medication costs, no claim bonus, and a lot more. For astress-free claim at the time of an emergency, policyholders can choose cashless claims at the network hospital of the health insurance provider. Under cashless claim benefit, the policyholder need not pay anything from their pockets for the medical bills. This makes the hospitalization process easier and ensures them quality treatment without worrying about the finances.

Few challenges of cashless treatment

When opting for cashless claim benefits of the health insurance policies, the policyholders can go through some obstacles, which usually can be avoided. Here are some of the common challenges that are faced by the policyholders in case of the cashless treatments:

1. Insufficient information

Sometimes,due to the lack of adequate knowledge of the policyholders, the claims are rejected by the health insurance providers. When making a claim it is important to carefully go through the policy terms and understand the policy clearly, as it avoids any inconvenience at the time of the claim settlement process.

2. Lack of proper documents

Due to lack of adequate documents, the cashless claim request may be rejected. Hence, keep your claim related documents handy to make a hassle-free claim. The list of necessary documents can be obtained from under your policy terms or you can also ask your insurance provider for them.

3. Plan exclusions

In case, a claim is made for a medical condition that is excluded in your health insurance policy, then it will get rejected by the insurer. Hence, you must carefully go through the policy document to understand the exclusions and inclusions of the health insurance plan you are buying, to avoid any confusion at the time of the cashless claim settlement process.

4. Network hospitals may be unavailable

The cashless claim benefit can be availed only at the network hospital of the health insurance provider. If network hospitals are unavailable at the time of a medical emergency, the policyholder must bear all the medical expenses at the non-network hospital, which will later be reimbursed into their bank accounts. The list of network hospitals of an insurer can be found in the policy documents.

Conclusion

Keep in mind the above-mentioned challenges at the time of a cashless claim settlement process and try to avoid them as much as you can. To do this, the first step is that you must read the health insurance policy documents very carefully to avoid any kind of confusion at the time of the claiming process.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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