Cashless medical policy for senior citizens to bank on

Illness doesn’t serve an advanced notice, particularly for the aged people. Strategic thinking and systematic implementation of the same, that’s what your approach is supposed to be, so as to have a stress free medication. Cashless medical policy for senior citizen serves it perfectly, by all means.

Stay fit, live healthy – that’s the mantra of a cheerful life. When you have retired from service after a tedious work life, it’s expected that finally you got to breathe easy. Problem is; destiny has something else in store for you. Most of the senior citizens make this common mistake that they don’t plan things in advance to meet emergencies. And when such a situation appears, it’s no lesser than a pandemonium. Getting yourself insured under a suitable health can avoid it all, and cashless medical policy for senior citizen has emerged as a preferred option among the aged population in this regard.

In a cashless policy, the insurance company or the issuer of the plan is held as third party administrator (TPA), bridging between the insurer and the networked medical institutes. The policy holder and his/her family can stay relaxed about making the payment chunk during the treatment tenure. The most important benefit of this facility is that an ailing patient is not supposed to arrange for cash during hospitalization.

General procedure

Treatment wise, a cashless policy is categorized into planned and emergency. As the name suggests, planned ones are interested in existing illness, which is likely to proliferate in the coming future and will require the patient to get hospitalized for a substantial time period. Emergency plans deal with accidental emergence of unexpected illness or injuries, or rapid deterioration of pre-existing medical complicacies. In either case, the policy holder has to pay the premiums till maturation.

Some crucial points to be taken care of-

·   It’s mandatory to inform the TPA representatives about the urgency of hospitalization on patient party’s behalf

·   Every detail of the medical treatment, right from doctor’s referrals for hospitalization to reports during medication to release from hospital, has to be submitted to the TPA authority to claim the benefit

·    In case the policy is renewed, it’s duty of the TPA executive to intimate insurer or his authorized nominees about the revised list of networked hospitals

·   The patient party has to keep in mind that such benefits are not applicable to cover some specific financial liabilities like cost of registration, non medical expenses etc. Claims made in cashless policies are subject to average costs of medication

It’s nice to get your medical treatment safeguarded without having to face financial crunch during emergencies. Cashless policies offer you just that.