Cardiac disorders, often known as heart diseases, are becoming more widespread. Several studies have found that the prevalence of such illnesses is greater in India. Because heart disease is a lifestyle condition, not all health insurance companies provide heart patients with Mediclaim coverage. As a result, get mediclaim policy for heart patients coverage when you are young and healthy is always a good idea. Some insurers have recently begun to offer medical insurance for cardiac patients. In this post, we’ll discuss insurance designed specifically for cardiac patients.
1. What is the Definition of a Health Insurance Coverage for Diseases?
Medical insurance for heart patients, like other health insurance plans, is a basic contract between the policyholder and the insurer, in which the insurer promises to reimburse the policyholder’s medical expenditures provided the policyholder pays the premium on time. Health insurance coverage for heart patients are only available to people who have been diagnosed with the disease. The premium amount, waiting time, and other terms and conditions of health insurance policies for heart patients are frequently different from those of regular health insurance policies. Such particular health insurance policies are not available in all health insurance policies.
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- Income tax advantage- You are entitled for an income tax benefit under Section 80D of the Income Tax Act if you purchase such specialised plans.
- Things to keep in mind while purchasing heart disease insurance- First and foremost, if you have been diagnosed with a cardiac condition and are looking for a particular health plan, check with your insurer to see whether they provide such products. It’s critical to be upfront with the insurance company about any pre-existing conditions. The health insurance company may reject coverage for such conditions if there are any miscommunications between the two parties.
- Examine the insurance policy’s features and benefits- When purchasing a health insurance coverage, it is critical to be aware of the company’s advantages.
In-patient hospitalization refers to when a policyholder is admitted to a hospital for more than 24 hours. Because this is the most basic criterion for collecting health insurance benefits, almost all health insurance policies cover in-patient hospitalization to a 100% degree. Whether you have a unique policy, make sure to check if there are any additional provisions or terms and conditions.
Pre- and post-hospitalization charges: Pre- and post-hospitalization expenses are covered by all health insurance policies. Pre-hospitalization is normally one month, while post-hospitalization is usually three months. Check to see whether your health insurance company has set a time limit.
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When a patient cannot be transferred, medical treatment must often be provided to him or her at home. Domiciliary hospitalisation is a term used to describe such treatments. Heart diseases are life-threatening disorders, and patients may require such therapy. Check with your health insurance provider to see if such therapies are covered.
- Check the terms and conditions- The terms and conditions for such policies differ significantly from those for other policies. As a result, read them carefully. There might be a waiting time, for example. Check with your insurance company to see how long that hibernating period is. The shorter the waiting period, the better, as these therapies are costly and require frequent monitoring.
2. Check Whether your Favourite Hospitals are Covered by Your Health Insurance Company
It is critical for all policyholders to check whether their preferred hospitals are covered by their health insurance company. This is especially true for patients who are having treatment for serious illnesses such as cancer or heart disease.
For example, if you’ve been diagnosed with a serious illness like heart disease, you’ll need to see a specialist. In addition, there are only a few hospitals in a given city that can provide such specialized therapy. Check with your health insurance company to see whether these hospitals and providers are covered.
3. Check to See Whether Your Health Insurance Coverage Has any Riders
A rider is an optional benefit that you may add to your insurance policy for a small fee. You may add an accidental benefit rider to your life insurance policy, third-party accident benefits to your vehicle insurance policy, or a childbirth benefit to your health insurance policy. Similarly, if you’re purchasing a health plan for cardiac patients, see whether the insurer provides any rider options.
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Critical health Care Insurance riders are available from all health insurance carriers. Cancer, heart disease, renal disease, and other disorders are covered under the essential health insurance rider. If you have health insurance with such a rider, the health insurance company will pay you a lump payment if you are diagnosed with one of the conditions specified in it. This is in addition to the treatment’s coverage amount. Let’s say you have a health insurance policy worth Rs 1 lakh that includes a critical illness rider. Unfortunately, you’ve been diagnosed with a heart condition, and the cost of therapy while you’re in the hospital is Rs 1 lakh.