Under health insurance policies, it takes an average of 20 to 46 days to get back the amount spent on the patient’s treatment. This information has been given in a study by SecureNow.
Companies claiming to settle insurance claims with just one click tend to delay while submitting the claim. A study by insurance technology platform SecureNow states that it takes an average of 20 to 46 days to get back the amount spent on patient’s treatment under health insurance policies.
The company said that industry data collected by it also shows that patients report claims to insurance companies fairly promptly, most of which are reported to the respective insurers within a week of hospitalization. give information.
It said, “On the other hand, insurance companies settle claims related to delivery cases within an average of seven to 108 days. It takes 9 days to 135 days to settle the claims of delivery by operation (caesarean). At the same time, it takes the least 12 to 35 days in the cases of chemotherapy.
According to the study, about 13 to 26 per cent of the claimed amount is deducted from the finally approved claim amount. The reason behind this is said to be ‘not covered items and administrative expenses’.
