Cashless or Reimbursement – There are two ways the insurance company can organize your claim. Under non-cash facilities, if you want treatment in a hospital network, the insurance company settles medical bills with the hospital directly without joining. If you claim compensation, you must first pay the bills and then pay those bills from the insurance company. Repayment of claims can represent a curse because the costs involved can not be cheap, as the process involved is very cumbersome.
# 6 – List of network hospitals
Instead, the sub-point of the above point, the network hospital is the person who reached an agreement to provide facilitation facility non-cash to the insurance company. Each insurance company has a list of these hospitals. It is important to look at the list because you should know which hospital will operate in an emergency or whether the local hospital network is on the hospital list, policy respect and non-cash services.
# 7 – Discounts and Rewards
Who does not like good discounts or additional benefits that come at no additional cost? In most medical insurance plans, there is the concept of non-bonus claim that provides additional benefits to the client if there is no claim in previous years. This bonus is given in two forms – either in the premium for the next year or an increase in the amount of coverage at the same premium rate. While the premium in the premium seems attractive, the increase in coverage is a better option for a long time when it is expected to increase medical costs.
Insurance companies also offer other discounts, such as 5% -10% of family discounts, if more than one member is included in the plan or 10% -20% discount if a two-year premium is paid. So when you buy a plan, look for these cuts as they will reduce your premium and increase coverage as well.
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