Having a health insurance plan is no less than the need of the hour, considering the increasing rate of medical inflation has made it difficult to afford quality medical treatment. This is especially crucial for people facing chronic health issues who are in need of constant medical attention.
When buying a health insurance plan, the coverage for chronic conditions are a must in the present times, to ensure you are financially secure during medical emergencies. Keep reading further to discover more about the same.
Why Do You Need Health Insurance for Chronic Diseases?
The following points feature the reasons that justify your decision to have health insurance for chronic diseases from insurance providers, like ACKO General Insurance:
- Affording Quality Medical Treatment
You need not have to worry about the higher medical costs to avail quality medical treatment. With a suitable healthcare policy, you can access such prompt treatment without any financial burden.
- Having Coverage for Critical Diseases
Your health insurance plan shall provide you with the necessary coverage for chronic health conditions instantly which would otherwise have cost you a huge expense.
- Keeping Track of Health Records
You can get an annual checkup facility to ensure your well-being and to keep track of your health goals. It also helps in taking quick medical action whenever necessary.
- Financial Security During Emergencies
Having a suitable health insurance plan with comprehensive coverage for critical illness is no less than being empowered to provide medical attention for your family during emergencies.
Who Needs to Buy Health Insurance for Chronic Diseases?
If you are someone among the below points, you must have health insurance for chronic diseases:
- Families with a History of a Chronic Condition
If you have family members who have a history of suffering from a chronic condition along with potential medical expenses, you must have a health insurance plan for critical illnesses.
- Individuals in High-Stress Occupations
Being in stressful conditions most of the time in a day leads to various health issues eventually, making health insurance a must.
- Only Earning Member of Family
In case you are the only breadwinner of your family, you must have health insurance to ensure your good health along with being the financial support for your family.
- Aged Individuals with Critical Health Issues
Senior citizens or aged people are more prone towards chronic health issues, which makes health insurance a must for them.
- Working Women
All working women should have health insurance with necessary coverage for targeted health issues to ensure they can maintain a balanced life.
What are the Benefits of Having Chronic Illness Health Insurance?
Go through the following points to know more about the benefits of health insurance with chronic health issues coverage:
- Cashless Hospitalisation
You can avail medical treatment in a hospital and the medical expenses will be taken care of by your insurance provider.
- Tax Benefit
You can get health insurance tax benefits, through which you can save up to Rs. 1.5 Lakh from your total taxable income. The amount of tax benefit depends upon the number and age of insured family members.
- Daycare Treatment
You can have all the medical expenses of daycare treatments covered when you have aged individuals or senior citizens in your family.
- Teleconsultation
You can consult with specialised medical practitioners online free of cost through your insurance provider without physically visiting them.
What is Covered in Chronic Illness Health Insurance?
A health insurance plan for chronic illnesses provides you coverage for the following medical expenses:
- Pre and Post Hospitalisation
You can have all the medical expenses covered that have been borne by you before your admission and after your departure from the hospital.
- In-patient Hospitalisation
You can also claim financial assistance for all the in-patient expenses, including daycare treatments during your entire stay in the hospital.
- OPD Expenses
OPD or Outpatient Department’s expenses including pharmacy bills and diagnostic tests will also be covered in your health insurance plan for chronic illnesses.
- Ambulance Charges
You can have the ambulance charges covered whenever you require it to reach a hospital or travel between hospitals, enabling you to deal with unexpected medical emergencies efficiently.
The Bottom Line
Overall, when you have a suitable health insurance plan with necessary coverage for critical issues, you can ensure your financial stability during such difficult situations. Therefore, make sure to follow the mentioned guidelines, understand your budget and analyse the healthcare requirements of your family before you start to invest in them.
To find out more about the details of health insurance plans with chronic illness coverage, visit ACKO General Insurance.