How Mediclaim and Health Insurance Plans Differ in Cashless Cover
The skyrocketing healthcare charges make health insurance necessary for financial security during medical emergencies. Mediclaim is one term often used interchangeably with health insurance. A mediclaim health insurance also shields you against financial struggles during sudden medical emergencies.
But despite the same core purpose, mediclaim and health insurance policies differ slightly. This difference should be understood carefully, particularly when you want to make a cashless claim during a medical emergency. Health insurance policies can be cashless, so you don’t have to spend a single penny from your pocket during a medical emergency.
Is the same feature available with a mediclaim policy? Before answering that question, let us provide you with more information about cashless policies.
Cashless Health Insurance
The typical notion about health insurance is that you must pay upfront for medical emergencies and wait for your insurer to reimburse you later. Even though policyholders get reimbursed later, arranging finances while a loved one is in the hospital can be highly stressful. That’s where the cashless policy has surfaced like a true blessing.
When you have cashless insurance, you can seek treatment without paying a single penny upfront. You won’t have to worry about the bills because your insurer will directly deal with the medical bill with the hospital. But the cashless facility is available only when seeking treatment at a network hospital.
If you want to enjoy cashless health insurance, Acko has some amazing plans. Submit ID proof and the health insurance scheme details during admission to enjoy cashless hospitalisation. A cashless health insurance policy can also cover you for expenses other than hospitalisation, including surgeries, medicines, diagnostic tests, and more.
The Obvious Benefits of Cashless Insurance
Choosing a cashless policy over reimbursement can make all the difference in a health emergency. When an unexpected health issue comes knocking at our doors, here’s how a cashless policy can help:
- Go Cashless and Embrace Convenience: The worry of arranging cash to go to the hospital while you are unwell can be overwhelming. A cashless policy will be your true buddy by settling medical bills directly with the hospital.
- Say Goodbye to Stress: With a cashless insurance policy, financial worries won’t deteriorate your health. You can concentrate on treatment and recovery while your insurer takes care of the monetary aspect.
- Access Premium Healthcare Without Breaking the Bank: Once you invest in a cashless policy, seeking premium-quality healthcare will no longer be a utopian dream. Since you don’t have to pay anything upfront, healthcare will become much more affordable.
- Get Treated at the Best Facilities: A cashless policy provides you with a free pass to get treated at top healthcare institutions. Consider your specific needs and get admitted to the best facility in your insurer’s network.
- Stop Worrying About Bills and Paperwork: A reimbursement is available only when you submit proper evidence to your insurer. It means you must keep track of every bill and do tons of paperwork to get what you spend from your pocket. Since a cashless facility involves your insurer directly communicating with the network hospital, you won’t have to focus on hassle-prone paperwork.
Is the Cashless Feature Available with Mediclaim Policies?
You can also enjoy the cashless feature when you have a mediclaim policy. But even with the cashless feature, a mediclaim policy has certain limitations. Remember that a mediclaim policy does not offer coverage for expenses beyond hospitalisation.
Mediclaim Vs Health Insurance: Making the Wiser Choice
Now you know that the cashless convenience is available with mediclaim and health insurance policies. So, the question remains: which one is the better among the two?
With a mediclaim policy, you will only receive coverage for hospitalisation expenses due to an accident, illness, or surgery. But a health insurance policy will cover you for pre and post-hospitalisation expenses.
Health insurance policies will also cover your maternity costs, ambulance charges, diagnostic tests, and more. But in the end, the decision between a mediclaim and health insurance policy will depend on your preferences and requirements.
Key Takeaway
You can enjoy the cashless facility with mediclaim as well as health insurance policies. However, health insurance policies definitely have an edge over mediclaim with a more comprehensive coverage. With the right cashless policy, you will be able to enjoy the benefits during planned and emergency hospitalisation. So, understand your need to pick the right health buddy for your medical emergencies.
