How To Make Claims & Documentation Needed on Multiple Health Insurance Policies?
A health insurance scheme provides you with the access to the best medical treatments while keeping you finally secured. When you opt for the health insurance policy, it also offers you many features such as claims for pre and post hospitalization expenses, ambulance charges, cashless treatment, room rent and more.
The cost of the medical treatment has skyrocketed, and hence, people are left with no options but to opt for numerous health insurance policies.
Also, one plan is not enough to cover all family members.
Although a health insurance policy provides coverage for the medical cost for a serious condition, you need to consider some health insurance claims factors.
Knowing the major factors when it comes to the health insurance claims keeps you well informed of how you can ask for a claim during a need.
1) Make it a point to inform all insurers about your entire existing policies either at the time of buying a new one or during the claim process. Not doing that can lead to health insurance contract violation and claim rejection.
2) A health insurance policyholder has the right to claim the insurance figure from an insurer of his/her choice. The insurers can opt for applying clause for contribution if the claim amount is more than the insured sum.
3) If you have availed two health insurance policies such as an individual cover and group cover, it is advisable that the health insurance claim is made against the group cover initially.
It is because a group health insurance plan may have simple clauses and may have the faster processing. On the other hand, individual health insurance schemes come with a clause – the NCB or the No Claim Bonus.
Thus, you should try not to ask for an individual health insurance claim if you have an ongoing group plan.
4) Always ensure to check the policy first which you have taken earlier. It is majorly because the pre-existing exclusions and waiting periods for earlier policies may have been completed.
5) Make it a point always to submit the original bills for whom you want to claim money against. Example – if you used hospitalization services at a network hospital, then you should keep the original bill safe.
The obtaining and keeping safe of all the medical bills is vital to help you settle the claim. Also, ensure to obtain the claim settlement history from your first insurance company before moving to the next one.
The Bottom Line
Before buying a health insurance policy, it is always advisable to go through the steps on How to Claim Health Insurance? Procedure health insurance deals and get to know all the clauses and filing a claim.
You are aware of what to consider before going for various types of health insurance claims from multiple companies; it should help you settle a claim fast. Best of luck for your health insurance claim procedure!
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Category: Health Insurance
