Most insurance companies today offer Mediclaim Policies. Mediclaim policy or mediclaim insurance or health insurance is a type of insurance that provides protection against loss due to ill health. The loss covered is basically medical and surgical expenses that the insured person has to bear. The health insurance company pays for such expenses borne by their customers either in the form of reimbursement where the insured files a claim by depositing the medical bills and gets them reimbursed from the insurance company or through the cashless facility provided by the insurer.
Cashless facility means that an insurance company settles the bill directly with health care provider, whether it is a hospital or a nursing home. The aim behind such a service is to reduce the direct financial burden on an insured person at the time of hospitalization. Therefore, any bill raised by a health care provider is settled by the insurance company directly through a Third Party Administrator (TPA). A policy holder can use cashless facility at any hospital under the insurance company’s network by presenting valid documents on admission. Network hospitals are the partners who have signed an agreement with an insurance company to honor the insured person’s claim for cashless service.
To choose the best mediclaim policy
for yourself and your family in today’s technology savvy times is simple, as there is so much information available online. To make it easier to buy mediclaim health insurance, today, many websites offer mediclaim policy comparison charts that help you take the right decision, based on your requirements and budget.