Health Insurance: In an era of rapidly rising treatment costs, the sum assured of a health insurance policy is not enough to cover all the medical expenses. In such a situation, if you have another policy then it can serve as a backup.
After the Rona period, health insurance has become a priority for the people. To protect against the ever increasing health inflation, people can buy many health insurance policies. In an era of rapidly rising cost of treatment, the sum assured of a health insurance policy is not enough to cover all the medical expenses. In such a situation, if you have another policy then it can serve as a backup. This provides comprehensive and adequate coverage for treatment in challenging situations like medical emergencies. However, it is important to know how to make a claim in case you have multiple policies.
Start with the first company
- You can maximize your coverage through personal indemnity, top-up cover and employer health insurance policies.
- If you have multiple policies, you can initiate the claim from the first insurance company. After filing the claim and receiving the settlement summary, you need to collect all the documents like hospital bill.
- You can approach another insurance company to file a claim with the settlement summary and relevant medical documents. They will check the details and cover the treatment expenses not covered in the first policy. Through this process you can avail the benefits of both the policies.
You can take benefits in two ways
- You can avail the benefit of claim process through both cashless and reimbursement methods. If the sum assured of the first policy is less and the hospital expenses are more than this, then you can file a claim in the second policy through cashless or reimbursement.
- Before availing cashless treatment in a network hospital, inform both the insurance companies through the insurance desk of the hospital. After this, file a claim with your main insurance company for settlement summary.
- Finally, submit the attested hospital bill to the other insurance company for reimbursement of the remaining balance. If the hospital is in the network of both the insurance companies, then both can avail cashless facility for the claim.
- If there is no cashless facility, pay the bill and get it reimbursed from the insurance company.
- Claim amount should not exceed the total cost of treatment
Attested documents need to be submitted along with the claim form for easy reimbursement. The policyholder is allowed to file a claim with two companies but must ensure that the claim amount does not exceed the total actual cost of treatment.
