Understand your Medical Insurance Coverage

There are many insurance plans that provide the policyholder with comprehensive medical insurance coverage. But the problem is that people do not have faith in insurance providers any longer. Most people think that they cheat customers of the money paid. The common notion is that when buying the plan, the company would state that it will cover a whole list of diseases but then when the time comes for claiming an amount, the individual would be left with a whole lot of reasons as to why the claim could not be passed. 

This is not always the case, many times the insured does not read the plan and therefore the policy is not clearly understood. Thereafter when customers claim, they have to have the problem of claiming for treatments that are not covered by the plan. It is possible that the medical insurance coverage is provided to a certain aspect of the treatment but not to the whole treatment. For example, there are plans that would not cover the cost of the room rent in the hospital or the price of the ICU charges. This does not meant that the plan would not cover the cost of operations and implants. It is therefore essential to read the policy wordings carefully and then understand the plan clearly. 

Medical insurance coverage is often gauged by the number of diseases that are covered. The true scale of measure should be the coverage for the steps of treatment that the plan provides. For instance a policy that covers ICU charges, operations theater charges, etc., would cover these costs for all illnesses. The only exclusions in the above case would be those mentioned in the exclusions section. Apollo Munich provides customers with very simple policy wordings. These can be found on the company website and read prior to buying the plan. 

Majority of problems related to rejection of health insurance claim settlement lie at customer’s end who do not take much pain in understanding plan’s terms and conditions properly or does not make a right choice, at the time when it is required. It is must for an individual to go through policy wordings of a medical insurance plan before buying the same. 

Looking into these issues, Apollo Munich, a joint venture between the Apollo group of Hospitals and Munich Health, has brought plans with simple policy wording such that its customers stay away from jargons that can become the cause of confusion and misunderstandings. Working in the direction of its tag line: “Let’s take the fear out of faces, the jargon out of words, the confusion out of claim, the bitter out of medicines and the trouble out of treatment”, the company has designed its plans to offer coverage to health needs of the Indian people. 

The company has also well planned its products such that people can find them useful. These products offer coverage to health needs of people such that they need not have to face any financial issues at the time of medical emergencies. The only thing one needs to keep in mind is to choose a plan as per health needs. A wrong choice might deprive a person from the coverage. Thus, choosing a right health insurance plan is must to enjoy health benefits on a longer run.

Apollo Munich offers health insurance, travel insurance and accident insurance plans.