Not having health insurance during a time of a medical emergency could lead to grave difficulties. From loans for medical treatment to spending hard-earned savings, there are several things that people do when they don’t have health insurance. Hence, in today’s time, it is a requisite for every individual to invest in a good health insurance policy to avoid financial strain during a critical medical situation.
Health insurance provides uninterrupted, quality medical treatment without paying a single penny at the time of a medical emergency. It is through this facility of cashless treatment at network hospitals that policyholders save themselves from significant financial losses.
When a person purchases a health insurance policy, the insurance company provides a list of hospitals to the policyholder. All the hospitals on this list are referred to as network hospitals. Health insurance companies have a tie-up with specific network hospitals for providing cashless hospitalisation to the insured individual. Hospitals that are not covered in the list of health insurers are known as non-network hospitals. While a network hospital provides cashless services to the insured individual, non-network hospitals require the patients to pay for their treatment and make a claim from the insurance company and wait for their reimbursement.
One of the advantages of getting treatment from a network hospital is its immediate relief. Its vitality stems from the fact that it takes away the additional financial pressure in any unfortunate event. The function of health insurance is to settle the hospital bills directly, thereby lifting the burden off their shoulder. Lastly, medical insurance enables you to select your desired medical treatment without compromising on its quality.
If any patients seek treatment or get admitted in one of the cashless insurance, they need to submit a form to the TPA for their cashless mediclaim. Soon after the claim is approved, the patient can avail of the medical treatment. This process removes the hassle of submitting bills or documents and has a relatively short waiting period. The only expenses of the policyholder are those additional spendings which the policy does not cover.
Searching for a network hospital is easy! Just visit the website of different health insurance providers and look for the network hospitals tab. Most health insurance companies have a list of network hospitals based on state as well as location. In case of trouble locating your nearest network hospital, you can call the insurance company representatives at their toll-free number.
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