One of the best investments you can make for your family is buying family health insurance. It comes to your aid, especially in case of an emergency hospitalisation owing to illness or accidents.. When choosing health insurance family plans, most consumers pay close attention to the premium cost and the level of coverage; however, there are more other things we might ignorant about, which play an important role.. While your medical insurance should offer a variety of features and advantages, “Cashless Health Insurance” is one of the most necessary one. And this facility can be availed under a family health plan as well.
Here’s a quick guide on how to go with the process while selecting the best health cover with cashless benefit for your family.
What Does Cashless Health Insurance Mean?
Cashless health insurance means the insured can avail heathcare facilities without spending a penny from the pocket. Under this advantage, the insurer settles the medical bills directly with the hospital authority. The sole restriction is that one must receive health care from a network hospita onlyl. Network hospitals are those that have tie-ups with the insurance comapnies for offering cashless facility. The entire procress is initiated through a dedicated TPA in the hospital potremises. However, some insurers also directly deal with the cashless claims without involving a TPA.
What is the Need for Buying Cashless Health Insurance for Family?
Now that you are aware of what a cashless claim is, let’s discuss the five main reasons for purchasing cashless health insurance family plans.
The extensive coverage that cashless health insurance family plans provide is the primary benefit of choosing one. Inpatient treatment, domiciliary hospitalisation, health screenings, ambulance costs, daycare procedures, etc., are all covered by family floater insurance. The cashless facility covers the costs of the therapy and the pre-and post-hospitalisation expenses. Your family’s cashless health insurance will take care of any financial concerns that hospitalisation can bring up by including these various coverages.
A Source of Comfort
If the need arises, a cashless health insurance policy gives you the peace of mind that money won’t be an issue for you. You can quickly start the necessary treatment through a hassle-free cashless claim and get admission to any of the network hospitals. Without having to worry about money, you can only concentrate on getting well and getting better care.
Funds are Readily Available for Medical Emergencies
Whether they are expected or not, medical exigencies drain our finances if we don’t make the right financial preparations in time. Cashless health claims are even more beneficial because they spare the insured and their family the necessary time to arrange for medical bills. Individuals must only provide their health insurance cards to the relevant hospital officials to begin the required procedures.
Protects Your Health while Travelling
The uncertainties of travelliing to a new location can prevent you from receiving the appropriate treatment in the case of a medical emergency while travelling. Having cashless health insurance or cashless medical insurance ensures you will receive reliable medical services at a network hospital without arranging hospitalisation and medical expenses.
Under Section 80D of the Income Tax Act of 1961, premium payments made for cashless health insurance family plans are eligible for tax breaks of up to Rs. 25,000 for people under the age of 60 and up to Rs. 50,000 for people over 60.
Family insurance plans are affordable for each eligible family member to cover future hospitalisation costs. Given the rising cost of medical care, it is important to have comprehensive health insurance family plans in place for your loved ones. Secure your family’s healthcare needs with these significant advantages of cashless health insurance without any prior planning for treatment costs. Cashless plans provide mental peace with health insurance coverage and the necessary financial support. Care Health Insurance Family Health Insurance Plan comes with cashless hospitalisation benefits at their 19000+ network hospitals. Compare the various plans and choose the best policy for you from an extensive network of network hospitals.