Inclusions And Exclusions In Health Insurance Plans
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There are many unknowns in life; thus, acquiring health insurance for yourself and your family should be your top concern. With the number of ailments and expenses of health care rising, it is crucial to understand what your health insurance plan covers and does not cover. The majority of health insurance policies cover all of your medical expenses and hospital stays, but there are exceptions.
Inclusions of a Health Insurance Plan
Here is a list of frequent expenses that may be covered by health insurance:
- In-patient Hospitalisation: You no longer need to have funds on hand to begin treatment or stay in the hospital. You may be admitted to a hospital as an in-patient. Your health insurance plan will cover expenses such as accommodation and board, nursing care, intensive care unit treatment, and doctor's fees.
- Pre & Post Hospitalisation: Your health insurance covers all pre- and post-surgery expenses, including medical bills, doctor's fees and treatment, follow-up appointments, and more.
- Once a Year Check-ups: Every health insurance policy includes an annual physical examination. At yearly examinations, blood sugar, renal function, ECG, and other parameters are evaluated. Once every year, annual checkups are available to all policyholders
- No Bonus Claim (NCB): NCB stands for "No Claim Bonus," which is a bonus given by a health insurance company to a policyholder for lasting an entire year without filing a claim. Each year that passes without a claim. Click here for more information about No claim bonus.
- Daycare Services: Daycare treatments are those that do not require a patient to spend 24 hours in the hospital. The therapies include cataract-removal surgery, chemotherapy, and dialysis, among others.
Exclusions in Health Insurance Plans
Here is a list of frequent expenses not covered by health insurance:
- Expenses for Diagnostics: Exclusions are medical expenses or services that your health insurance provider will not cover. When a claim is filed for one of these exclusions, the insurer does not pay.
- Pre-existing Disease: If you have a medical condition before purchasing health insurance, it will not be covered for a period of time. This ailment is frequently considered a pre-existing condition, and a waiting time is typically imposed. Different insurance providers have varying waiting times for various medical conditions.
- Cosmetic Surgery: Your health insurance will not cover any cosmetic or hygiene-related therapies. This covers procedures such as lip augmentations, rhinoplasty, Botox, facelifts, and implants. Health insurance companies will not cover any of these services.
- Auditory and Dental: Eye and dental treatment are often outpatient procedures that do not need hospitalisation. For this reason, most health insurance companies will not cover them. A few insurance policies, however, cover these expenditures up to a specified level, which is determined by the Sum Insured.
- Self-injury or an Attempt at Suicide: Claims will be refused if a policyholder intentionally injures him or herself or attempts suicide. In addition, a health insurance coverage does not cover injuries or illnesses caused by the use or misuse of intoxicating substances or alcohol.
- Specific Illnesses: Certain ailments, such as joint problems, hernias, and sexually transmitted infections, are not deemed to be covered by a health insurance coverage.
Conclusion
Health insurance is essential, and having the appropriate coverage is equally crucial. Ensure that you are aware of what your health insurance covers and does not cover.
Also read: Employer-Sponsored Mediclaim Plans (ESMPs)
