Co payment Health Insurance: Although health insurance keeps us away from the tension of sudden high bill expenses in the hospital, but sometimes it gives tension. The reason for this is that the policy is not correct. Today we are going to tell you about such a policy which can make your pocket loose.
Health insurance Plan: Whenever you buy a health insurance policy, you expect that the company will pay all the bills when the claim comes. These include everything from hospital bills to other expenses, which are covered in the policy. But there are some policies which do not give you the full claim. Even if your claim is within the limit. One such reason is co-pay in health insurance, which can create difficulties for you. Learn how….
Do not buy co-pay policy even by mistake
At the time of taking insurance, the agent or company may insist that you take a policy with ‘co-payment’. Sometimes companies apply this co-pay when you do not get treatment in their network hospitals. That’s why before treatment you should talk to the insurance company. Sometimes the insurance company can also give you exemption from ‘co-pay’ condition in emergency situations.
Hospitals will hand over the bill of lakhs!
Those living in Tier-2 cities should be more careful while taking health insurance. Because when they go for treatment in Tier-1 cities, companies impose ‘co-pay’ on them. That’s why you should be alert while taking the policy. Sometimes, when you go for treatment in corporate hospitals, the companies ask for ‘co-payment’ from you. Room rent and ICU charges are also collected in this. Room rent in some hospitals is more than Rs 8,000 per day. Let us tell you that some insurance policies impose a limit on room rent. In such circumstances, the insurance company does not make full payment to the hospital, then you have to pay the remaining amount. That’s why keep this thing in mind while buying insurance. This has happened many times with people, the insurance company does not pay the full amount of the claim, then later it is known that the bill of lakhs will have to be paid.
Manage co-pay options
You have to keep in mind that if you have a pre-existing disease, then insurance companies can apply ‘co-pay’ in such cases. If you wait for some time after taking the policy, then the company can withdraw this condition. So you have to be careful from the very beginning whether the total claim is required from the first day of the policy or not. You should find out if you can wait for some time to claim in full. Younger people opt for ‘co-pay’ to reduce the premium burden. But let us tell you that it would be better that people who are suffering from diseases and who are above 45 years of age should not opt for co-pay.
