World Mental Health Day: Comprehensive health insurance can take care of your mental health. This will reduce the expenses on mental health treatment.
Siddharth Singhal-
Most people do not think about getting mental health insurance. Often people insure their car, their business, their home and their family, but it is very unlikely that people would ever even consider mental health.
Since the Corona epidemic, many people have had to face mental health related problems, but people are still unaware of the problems related to mental health. Without a proper insurance policy, metal health treatment can be quite expensive. Especially OPD expenses can have a huge impact, due to which your savings can also be lost. In such a situation, the Insurance Regulatory and Development Authority of India (IRDAI) has ordered that mental illnesses should be treated at par with physical illnesses and should be covered by health insurance.
Comprehensive Health Insurance
A comprehensive health insurance policy covers the policyholder for hospitalization expenses that may be related to mental health. This includes the patient’s room rent, ambulance charges and other expenses related to hospitalization. Mental health covered by insurance companies includes anxiety disorder, acute depression, post traumatic stress disorder, attention deficit or hyperactivity condition, bipolar disorder, obsessive compulsive disorder, psychotic turmoil.
Why is OPD coverage necessary?
It is worth noting that mental health problems do not always require hospitalization, but they do require treatment, counselling, follow-ups and repeat sessions. For this reason it is important that your plan includes OPD coverage. Mental health treatment requires regular sessions. In such a situation, regular expenses can turn into big expenses, due to which OPD coverage is necessary.
Who should take this insurance?
Mental health insurance is not for everyone. Due to increase in general stress levels, these diseases are not limited to any age group or demographic. Even students and youth can fall prey to it. Additionally, individuals with a history of antidepressant medications or a family history of mental health disorders should also consider investing in the coverage. People suffering from neurological disorders, personality disorders, sociopathy, and psychopathy should also consider mental health coverage. However, the good news is that now most insurance companies are ready to cover most mental illnesses.
What things to keep in mind
Health insurance has a standard waiting period for any pre-existing disease, after which the disease is covered. Therefore, if someone is suffering from any problem including mental trauma, he should inform the insurer about it in advance. The waiting period and coverage limits vary depending on the insurer but non-disclosure of any information may result in the claim being rejected. If a person is planning to get this coverage in future then it is advised to buy it as soon as possible.
Ignoring anyone’s mental health can be very dangerous, which can have very serious consequences. So, on World Mental Health Day, compare the many options available online and get yourself a good insurance policy.
