The process of claiming health insurance can also be claimed through reimbursement. In the process of medical claim reimbursement, the policy holder bears the cost of the treatment on his own and claims it later.
The importance of health insurance has increased a lot in the era of corona virus epidemic. A good health insurance helps us a lot in managing the expenses due to diseases properly. Due to lack of insurance coverage, many families have to face financial loss in the treatment of the disease. By getting complete and correct information about a health insurance policy, you can get the most and better benefits out of it. Many times it is also seen that people have to face a lot of difficulties in claiming their health insurance at the time of illness.
The process of claiming health insurance is done either through cashless transactions or it can also be claimed through medical claim reimbursement. In the process of reimbursement, the policy holder bears the cost of the treatment on his own, and later a claim is made for reimbursement. In comparison to cashless claims, the medical claim settlement process takes some time.
According to Pankaj Mathpal, CEO and Founder & CEO of Optima Money Manager, “To claim reimbursement, a doctor’s prescription is necessary. After that, you also need to have the admit card and discharge card of the hospital. It is also necessary to have the doctors’ report on time, the bill of medicines and the bill for the expenses incurred in the investigation.
If you want to claim your health insurance, then for this you have to go through some procedures. If you get admitted to the hospital, or your treatment has already started, you need to inform your insurance company about it as soon as possible. In case of an emergency, you can inform your insurance company even after hospitalization. Along with this, you will need the original discharge copy from the hospital, duly filled claim form, documents like X-ray report, blood report, medicine bill, copy of KYC documents and NEFT bank details to claim the compensation. Some important information like details have to be provided.
Along with this, you should also check all your documents carefully before submitting them to the insurer. Also, you need to keep copies of all the documents you are going to send to the insurer for claiming compensation. It is important to verify the documents before submitting the claim as your claim may be rejected if insufficient or incorrect documents are submitted to the insurer.
