Healthcare costs are going up fast all over the world. Even simple surgeries that used to cost a few lakhs now cost over ₹10 lakhs. With the COVID-19 pandemic, things have gotten even worse.
According to India Today, healthcare costs in India are rising twice as fast as everything else. After the third wave of COVID-19, India has the highest medical costs in all of Asia.
Because of this, more people in India are getting health insurance.
What is Health Insurance?
Health insurance is a plan that helps you pay for big medical bills if you have to go to the hospital. Besides just covering the hospital room, it also pays for things like doctor visits, tests, medicine, and ambulances.
Some insurance plans even cover special treatments for serious illnesses like heart attacks, kidney problems, strokes, COVID-19, and cancer. You can pick the plan that works best for you and your family.
What is a Hospital Daily Cash Plan?
Even with health insurance, there are some costs that aren’t covered. For example, you might need things like gloves or masks while you’re in the hospital. Or you might need money to help your family while you can’t work.
That’s where a daily hospital cash plan comes in.
With this plan, you get a fixed amount of money for each day you’re in the hospital. You can use this money for anything you need while you’re getting treatment.
For example, let’s say you have a plan that gives you ₹2,000 per day. If you’re in the hospital, you’ll get ₹2,000 every day, no matter what your actual bills are.
What Does a Daily Hospital Cash Plan Cover?
These plans give you a set amount of money every day you’re in the hospital. You can get anywhere from ₹500 to ₹10,000 per day, depending on the plan you pick.
You can use this money for things like:
How Long Does a Hospital Daily Cash Plan Last?
These plans usually last anywhere from 15 to 45 days. The longer the plan, the better, because it means you can get money for more days if you’re in the hospital.
Are There Any Rules for Daily Hospital Cash Plans?
Like any insurance plan, there are some rules you have to follow. One rule is the waiting period. This means you have to wait for a certain amount of time before you can start getting money from the plan.
Another rule is that you have to stay in the hospital for at least 24 hours to get the money. And some plans don’t cover things like day surgeries that you can finish in a day.
What are the Benefits of a Daily Hospital Cash Plan?
These plans help you pay for things that your regular insurance doesn’t cover. They also give you extra money if your hospital bills are more than your insurance covers.
And if you’re only in the hospital for a short time, you can use the money from this plan instead of making a claim on your regular insurance. That way, you can keep your insurance discount for next time.
Conclusion:
A daily hospital cash plan is a good idea if you want extra help paying for things while you’re in the hospital. You can get one by itself or add it to your regular insurance plan.