Worried about health problems? Know how Medical Insurance can help you!
Advancement and evolution have its own benefits and costs. Indeed, advancement in every field has reaped success on various floors, yet they may have their disadvantages as well. Amidst the fast-paced world, we neglect to care for ourselves. World Health Organization (WHO) says “Each year, 17 million people die from an NCD before the age of 70; 86% of these premature deaths occur in low- and middle-income countries.”
Cardiovascular diseases, diabetes, chronic respiratory diseases and cancer make the four major types of Non-communicable Diseases (NCDs). The other types include hypertension, obesity, mental health conditions, etc. Tobacco usage, alcohol and smoking fall on the risk factors for developing NCDs. Besides, lack of physical activity, lifestyle changes and unhealthy diet practices also contribute to risk factors for NCDs.
Considering the rise in medical inflation, treating lifestyle diseases can be hefty. Apart from NCDs, we are vulnerable to age-specific diseases and other health conditions, which do not strike our consciousness until we encounter them. In such cases, the hefty medical bills can further add burden and mental stress. Here are a few insights about how Medical Insurance will help you.
In current times, lifestyle diseases are on the rise and to manage medical expenses for their treatments, Health Insurance turns out to be a significant financial tool. The lifestyle diseases such as diabetes, heart ailments, asthma, hypertension, etc., are covered by a majority of Health Insurance plans. Such diseases may fall under the category of pre-existing conditions in Health Insurance, for which the insurance company levy a waiting period. The waiting period normally ranges between 12 months and 48 months, and the claims for such diseases become admissible only after the completion of the waiting period.
Not to worry, as some Health Insurance companies provide wavier to reduce the waiting period. Also, be mindful that the waiver will cost an additional premium. Some Health Insurance plans provide coverage for Bariatric surgery provided on the terms and conditions of the plan. Do not forget to check the waiting period followed by the coverage, usually, it ranges between 24 months and 48 months.
Typically, some Medical Insurance plans addressing the medical needs of senior citizens provide coverage for cataract treatment. Hence it is wise to buy separate Health Insurance plans for parents and senior citizens as they cover age-specific health issues. Again this benefit may have a waiting period and is subject to the terms and conditions of the policy.
Besides, the Health Insurance policy also provides coverage for Home care and Domiciliary treatments which indemnifies the expenses incurred for treatment taken at the home of the insured provided by the terms and conditions of the policy. Most Health Insurance plans do not cover non-medical expenses which contribute a huge sum to pay. But some policies even cover non-medical expenses as well, leaving nothing to worry about.
It is important to note that, in addition to regular coverage, Health Insurance also provide coverage for critical illnesses. Treating critical illnesses can be expensive because such diseases or illnesses require prolonged hospitalisation and regular doctor visits. Furthermore, the hospitalisation charges for critical illnesses like cancer, kidney failure, stroke, etc., are covered as per the policy’s terms and conditions.
Besides the treatment costs, other expenses such as medications, diagnosis charges, etc., might also drain your hard-earned savings and lead to medical debt. A critical illness rider or a critical illness health insurance policy will provide a lump sum for the diagnosis of the listed critical illness. A lump sum will be helpful to manage medical expenses and treatment costs. Be mindful that the policy only covers the critical illnesses or diseases that are specified in the policy clause and document.
Other than disease coverage, most health insurance policies also offer annual health check-ups to the insured. These significant benefits entitle the insured to avail of health check-ups, which indeed helps to keep one’s health on track and to diagnose diseases or illnesses earlier. This benefit will indemnify the expenses incurred for annual health check-ups subjected to the terms and conditions of the policy.
Besides providing medical coverage for various diseases and illnesses, medical insurance also helps diagnose the disease or illness earlier through annual health check-ups. Most Star Health Insurance policies offer annual health check-ups for every year irrespective of the claim, while in some policies the health check-ups can be availed for claim-free years. Moreover, the listed modern treatments and all day care treatments are covered by Health Insurance policies.
To add, most Star Health Insurance policies offer a second medical opinion, where the insured can avail medical advice from the company’s expert panel of Doctors. One of the unique features of Star Health Insurance is Talk to Star. The aim of Talk to Star is to make quality health care available for everyone. Talk to Star offers free medical consultation via phone, chat or video calls. Any queries related to health can be cleared up by the experts, the service is available every day from 8.00 AM to 10.00 PM. Therefore, stop further worrying about your health problems and start investing in a Health Insurance policy.
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