Cashless Health Insurance
Cashless health insurance plans allow instant treatment without the financial hassle. ✅Direct bill payments ✅Instant claims.
✓ ZERO out of pocket costs ✓ ZERO waiting period ✓ ZERO deductions at claim
Cashless Health Insurance.
Cashless health insurance has revolutionised how we approach healthcare by offering financial relief in medical emergencies. With this type of insurance, policyholders can receive treatment at network hospitals without the need to pay upfront, as the insurer settles the bill directly with the hospital.
This system eliminates the stress of managing medical expenses and ensures timely access to quality care. This article explores the concept of cashless health insurance, its benefits, the process of utilising it, and how it has become essential in making healthcare more accessible and affordable for individuals and families alike.
What is Cashless Health Insurance?
Cashless health insurance is a type of health insurance where you can get medical treatment at network hospitals without paying cash upfront. The insurance provider settles the medical bills directly with the hospital, making it a hassle-free experience for policyholders.
Different Types of Cashless Plans in India
Cashless health insurance plans in India are designed to provide financial relief during medical emergencies by settling expenses directly with hospitals. These plans cater to various needs, ensuring every individual or family has access to quality healthcare. Here are the main types:
Individual Health Insurance Plans: These plans cover a single individual’s medical expenses. The insured person enjoys cashless benefits at network hospitals for treatments, surgeries, or hospitalisations up to the sum insured.
Family Floater Health Insurance Plans: Designed for families, this plan provides a shared sum insured for all members under one policy. It offers cashless treatment for any family member, ensuring comprehensive health coverage at an affordable premium.
Critical Illness Insurance Plans: These plans cover life-threatening illnesses such as cancer, heart attacks, or organ transplants. A lump sum amount is paid upon diagnosis, and many policies provide cashless treatment options in-network hospitals for such conditions.
Group Health Insurance Plans: Commonly offered by employers, these plans provide health coverage to employees and sometimes their families. Cashless facilities are available for covered employees at network hospitals, ensuring quick and efficient healthcare support.
Senior Citizen Health Insurance Plans: Specially designed for individuals aged 60 and above, these plans cater to age-related health concerns. They include cashless treatment for senior citizens in-network hospitals, addressing critical medical needs without financial strain.
Maternity Health Insurance Plans: Focused on pregnancy and childbirth-related expenses, these plans offer cashless coverage for prenatal care, delivery, and postnatal treatments at partner hospitals. Some policies also cover newborn care.
Top-Up and Super Top-Up Health Insurance Plans: These plans provide additional coverage beyond a threshold limit (deductible). They are ideal for those with a basic policy and need extra coverage, with cashless facilities kicking in once the deductible is met.
Disease-Specific Health Insurance Plans: Tailored to cover specific diseases like diabetes, kidney disorders, or cardiac issues, these plans offer cashless treatments for the mentioned ailments in-network hospitals, ensuring focused financial protection.
Why is Cashless Health Insurance Important?
Cashless health insurance has revolutionised how medical emergencies are handled, offering policyholders unparalleled convenience and peace of mind. Here's why it's essential:
Convenience at its Best
Cashless health insurance eliminates the need to arrange funds during a medical emergency. Instead of worrying about paying hospital bills upfront, the insurer directly settles the payment with the hospital, allowing you to focus on recovery.
Instant Relief, Zero Stress
Emergencies are stressful enough. Having cashless health insurance means immediate relief. You get the needed treatment without worrying about arranging funds or getting into financial stress.
Affordable Healthcare Access
Cashless insurance ensures that quality healthcare is accessible to everyone, regardless of financial circumstances. Taking care of immediate medical expenses encourages timely treatments and reduces the risk of delaying critical care due to money constraints.
Wide Network of Hospitals
Most cashless insurance plans come with an extensive network of partner hospitals, ensuring access to healthcare wherever you are. These networks often include top-tier medical institutions, providing policyholders various treatment options.
Paperless and Digital
In today's digital world, nobody likes handling piles of paperwork. Cashless health insurance is all about going digital. No more hassles of filling forms and keeping track of bills. It's quick, easy, and efficient.
Health Planning Made Easy
Cashless health insurance allows you to plan your healthcare needs better. You can have a clearer picture of your expenses and budget accordingly. It's all about being proactive and taking charge of your health and finances.
So, there you have it! Cashless health insurance in India is like a caring friend, ensuring that your health is a priority and you can access the best medical care without worrying about the financial side of things. Stay healthy, stay insured!
How does Cashless Health Insurance Work?
Cashless health insurance simplifies medical treatment by directly settling bills between the insurance provider and the hospital. Below is how it works, step by step:
Choose Your Insurer
First, you pick a health insurance company that suits your needs. They become your health partner, promising to help you out when you're not feeling well.
Pick Your Plan
Depending on your needs and budget, you select a health insurance plan. Plans can vary in coverage, from basic to comprehensive, so choose what fits you best.
Pay Your Premium
You pay a small amount regularly, often monthly or annually, known as a premium. This is like a membership fee to keep your magic card active.
Find a Network Hospital
Your insurer will have a list of network hospitals. These are hospitals or medical centres they have partnered with. When you need medical care, it's best to visit one of these.
Show Your Magic Card
When you go to a network hospital, you show your magic card, also known as the health insurance card. This card holds all the information your insurer needs.
Get Treated
The hospital takes care of you as per the insurance coverage. They directly communicate with your insurer about the medical costs.
Insurance Pays the Bill
Your insurer talks to the hospital and settles the bills directly with them. You don't need to pay anything at the hospital (except for any non-covered expenses or co-payments, if applicable).
You Focus on Healing
You focus on getting better and not worry about managing finances at a tough time.
Cashless Hospitalisation Benefits
Here are the benefits of cashless hospitalisation.
Instant Access to Healthcare: During emergencies or planned treatments, you can quickly access medical care without the need for arranging cash.
No Financial Burden: The burden of arranging funds at short notice is eliminated, ensuring you can focus on the health of your loved ones.
Streamlined Process: The process is straightforward and saves you from the hassle of filing reimbursement claims and waiting for approval.
Wide Network of Hospitals: Insurance companies often have tie-ups with a vast network of hospitals, providing you with multiple options for quality healthcare.
Financial Security: Cashless health insurance offers a sense of financial security, especially during unforeseen medical circumstances.
Important Features of Cashless Health Insurance
Cashless health insurance plans are designed to reduce the financial strain during medical emergencies by allowing the insurer to settle hospital bills directly. This feature provides policyholders quick and hassle-free access to healthcare services without worrying about immediate payments. Below are some important features of cashless health insurance:
1. Network Hospitals: Cashless health insurance is valid at a network of hospitals affiliated with the insurer. Policyholders must receive treatment at these empanelled hospitals to avail of the cashless facility. This ensures that the hospital has an agreement with the insurer, allowing for direct billing.
2. Pre-Authorisation: Before availing of treatment, policyholders must obtain pre-authorisation from the insurance company. This process involves submitting necessary documents to verify coverage and approve the cashless claim. It helps in avoiding claim rejection and ensures a smoother claim process.
3. No Upfront Payments: With cashless insurance, policyholders do not need to make any upfront payments at the network hospital. The insurer directly settles the hospital bills as per the policy terms. This feature is especially beneficial during emergencies when immediate funds might not be available.
4. Wide Range of Coverage: Cashless plans typically cover medical expenses, including hospitalisation, surgeries, daycare procedures, and pre- and post-hospitalisation costs. This comprehensive coverage ensures that policyholders can focus on recovery without worrying about medical expenses.
5. Emergency Hospitalisation: In emergencies, cashless health insurance enables quick admission and treatment without immediate payments, ensuring timely medical care. This feature can be life-saving, allowing immediate medical intervention without financial delays.
6. Reduced Paperwork: The cashless claim process is streamlined, requiring minimal paperwork. Policyholders only need to provide essential documents, reducing the hassle of lengthy claim forms. This makes the process quicker and less stressful for the patient and their family.
7. 24/7 Customer Support: Insurers offer round-the-clock customer support to assist policyholders with cashless claims, ensuring they receive timely help and guidance. This support can be crucial during emergencies and helps promptly resolve any issues or doubts.
So, if you want peace of mind and a helping hand during tough times, cashless health insurance is the way to go.
Documents Required for Cashless Hospitalisation
When you're planning to go for a cashless hospitalisation in India, there are a few important documents you'll need to have ready. This process helps make your hospital visit smooth and hassle-free, without the need for immediate payments.
Health Insurance Card or Policy Details: Keep your health insurance card handy. If you have a policy document, carry a copy or have access to the details like the policy number, coverage amount, and contact information of the insurance company.
ID Proof: Carry a valid government-issued ID proof like Aadhar card, driving licence, voter ID, or passport. This helps the hospital verify your identity.
Doctor's Prescription: Ensure you have the doctor's prescription recommending hospitalisation. It should clearly state the need for hospital care.
Hospital Pre-Authorization Form: This is a form provided by your insurance company. Fill it out with necessary details and get it signed by the treating doctor. It's crucial for cashless approval.
Medical Reports and History: Any medical records, test results, or treatment history relevant to your current ailment should be kept handy. This helps the hospital and insurance provider understand your medical condition.
Hospital Admission Form: Fill out the hospital's admission form accurately. Provide all necessary personal and medical details as required.
Claim Form: You'll need to fill out a claim form for your insurance. This is usually available at the hospital and may also be downloadable from your insurer's website.
Emergency Contact Details: Have a list of emergency contact numbers and names of family members or friends readily available.
Cashless Health Card (if provided): Some insurance companies issue a cashless health card. If you have one, carry it for smooth processing.
Any Other Specific Forms: Depending on your insurance provider or the hospital, there might be additional forms or documents required. Check with both in advance.
Make sure to double-check with your insurance company or the hospital about any specific requirements for cashless hospitalisation. Having these documents ready will help you navigate the hospitalisation process with ease.
What is covered
What is not covered
What is covered in Cashless Health Insurance?
Here are the general coverages of a cashless health insurance plan.
Hospitalisation: This is the big one! If you need to stay in the hospital for treatment, your cashless health insurance will cover the bills for your room, medical tests, and medicines. It’s like having a safety net for your health.
Doctor’s Fees: The fees of the doctors who treat you during your hospital stay are also covered. So, you can focus on getting better rather than worrying about the costs.
Surgeries: Whether it's a small surgery or a big one, your insurance will take care of the surgical expenses, making sure you get the best treatment without breaking the bank.
Medicines: The cost of essential medicines prescribed by the doctor during your hospitalisation will be covered. It's like having a friend who pays for your medicines!
Diagnostic Tests: All those important tests your doctor orders to diagnose your illness are covered. It's great to have this expense taken care of!
Pre and Post-Hospitalization: Some cashless health insurance policies cover expenses related to your health even before you get admitted to the hospital and after you are discharged. This can include doctor consultations, tests, and medicines.
Day Care Procedures: Even if you don’t stay overnight at the hospital for certain treatments, your insurance can cover these day-care procedures. It’s a relief knowing that these costs are taken care of.
Ambulance Costs: In case you need an ambulance to reach the hospital, the expenses are often covered. Your insurance has your back in emergencies!
Remember, each insurance policy might have specific inclusions and exclusions, so it's always a good idea to carefully read through your policy documents to know exactly what's covered.
What is not covered under Cashless Health Insurance?
Cashless Health Insurance is a great way to ease the burden of medical expenses. However, there are certain things that usually aren't covered by your health insurance. Let's break it down.
Pre-existing Conditions: If you had a health issue before getting the insurance, treatment for that particular condition may not be covered immediately. Insurance usually has a waiting period for such conditions.
Waiting Period: There's a waiting period at the beginning of your policy during which certain conditions aren't covered. It varies from policy to policy, so make sure to read the terms.
Non-Medical Expenses: Your health insurance typically covers medical expenses like doctor consultations, hospitalisation, surgeries, and medicines. But non-medical expenses like beauty treatments, cosmetic surgeries, etc. are usually not covered.
Alternative Therapies: Some policies might not cover alternative treatments like acupuncture, naturopathy, or traditional medicine.
Routine Check-ups and Vaccinations: Usually, regular check-ups, vaccinations, and preventive treatments are not covered as they are considered routine health maintenance.
Pregnancy and Fertility Treatments: Basic policies may not cover the costs of pregnancy-related expenses and fertility treatments. You may need a specific policy for this.
Mental Health: While mental health is gaining more recognition, some policies might not fully cover mental health treatments or have limited coverage.
Dental and Optical Treatments: Most health insurance plans don't cover routine dental check-ups, braces, or eyeglasses unless you have a specific add-on for these.
Injuries from Hazardous Activities: Injuries resulting from extreme sports or hazardous activities may not be covered by your policy.
Experimental or Unproven Treatments: If a treatment is considered experimental or not widely accepted, it may not be covered by your insurance.
Remember, it's really important to read and understand the terms and conditions of your health insurance policy. If you have questions, reach out to your insurance provider to get a clear understanding of what's covered and what's not.
Cashless Hospitalisation Claim Process
When you or a loved one need medical attention, it's essential to know how the cashless hospitalisation claim process works. This process helps you focus on getting better without worrying about immediate payments.
Choose a Network Hospital
Start by selecting a hospital that's part of your insurance company's network. These hospitals have tie-ups with the insurance provider for cashless services.
Inform Your Insurance Provider
Inform your insurance company about the planned hospitalisation at least 3-4 days in advance. Share your policy details and the hospital's name.
Authorization Process
The insurance company reviews your request and communicates with the hospital for pre-authorization. They assess the medical necessity and coverage.
Approval Confirmation
Once approved, you receive a confirmation with the amount and details of coverage.
Hospital Admission
Go to the selected hospital for treatment. During admission, provide the approval details to the hospital's billing department.
Treatment and Expenses
Under cashless, the insurance company settles the bills directly with the hospital for the approved amount.
Settling the Rest
If the total bill exceeds the approved amount, you settle the remaining expenses directly with the hospital.
Final Settlement with Insurance
For any additional approved expenses, you can file a reimbursement claim after discharge. Submit bills and documents to your insurance company for settlement.
Cashless Insurance During Planned Hospitalisation
Cashless insurance for planned hospitalisation ensures a smooth and stress-free experience when undergoing scheduled medical procedures. When you know in advance about a hospital stay, such as for surgeries, maternity care, or other treatments, you can inform your insurer beforehand. The process typically begins with pre-authorisation, where you submit details of the treatment, estimated costs, and the chosen network hospital to your insurance provider.
Once approved, the insurer coordinates directly with the hospital to cover eligible expenses. This eliminates the need for upfront payments, allowing you to focus entirely on your health and recovery while avoiding financial strain. By planning, the process becomes even more seamless, ensuring minimal delays or complications.
Cashless Insurance During Emergency Hospitalisation
Cashless insurance means that if you have a health insurance policy, and you need to be admitted to a hospital in an emergency, you won't have to worry about paying a big amount upfront. The insurance company directly settles the bill with the hospital, up to the limit mentioned in your policy. Here's how it works:
Choose Network Hospitals
Insurance companies usually have a list of hospitals they've partnered with. These are called network hospitals. If you go to one of these, you can get cashless benefits.
Emergency Hospitalisation
In case of an emergency and you need to be hospitalised, rush to one of these network hospitals.
Inform the Insurance Provider
Once at the hospital, inform your insurance provider about your hospitalisation. They will guide you through the process.
Approval Process
The insurance company will coordinate with the hospital to approve the treatment and bills. They'll settle the bill directly with the hospital up to the coverage limit in your policy.
Remember, it's super important to be aware of your policy details, including the coverage amount and network hospitals. Also, it's wise to keep your insurance card or details handy for situations like these.
Difference between Cashless Claim and Reimbursement Claim
Understanding the difference between cashless and reimbursement claims is crucial for managing your health insurance effectively. While both serve the purpose of covering medical expenses, they operate differently in terms of process and convenience.
Below is a detailed comparison:
Feature | Cashless Claim | Reimbursement Claim |
|---|---|---|
Definition | Direct settlement of hospital bills by the insurance company. | Payment is made by the insured, who later reimburses the insurer. |
Hospital Network | Valid only at network hospitals associated with the insurer. | It can be used at any hospital, including non-network hospitals. |
Pre-authorization | Requires pre-authorisation from the insurer before treatment. | It does not require pre-authorisation; the claim is processed post-treatment. |
Payment Process | The insurer directly pays the hospital. | The insured pays the hospital and then files a claim for reimbursement. |
Documentation | Minimal paperwork at the time of admission and discharge. | Detailed documentation and original bills are needed for claim submission. |
Financial Burden | No immediate financial burden on the insured. | The insured has to manage initial expenses until the claim is reimbursed. |
Processing Time | Generally, it is quicker as the insurer deals directly with the hospital. | It can take longer due to the verification and processing of claims. |
Top reasons for claim rejection in a Cashless Mediclaim Policy
In India, a cashless mediclaim policy is a great way to ease the financial burden of medical expenses. However, there are certain reasons why claims under this policy might get rejected. Let's break it down to make it easier to understand.
Insufficient Documentation
One of the main reasons for claim rejection is not providing all the necessary documents. Make sure you submit all your medical records, bills, and reports as requested by the insurance company.
Pre-existing Conditions
Claims related to pre-existing medical conditions may face rejection if you haven't declared them at the time of policy application. Always disclose your complete medical history to avoid claim denial.
Waiting Period Violation
Every policy has a waiting period for certain conditions. If you make a claim for a condition during this waiting period, it's likely to be rejected. Make sure you're aware of these waiting periods.
Non-disclosure of Information
If you hide any relevant health information or provide inaccurate details about your health, your claim can be rejected. Always be honest and accurate when filling out your policy application.
Policy Exclusions
Most policies have certain exclusions, such as cosmetic surgeries or treatments for non-medical reasons. Claims for these exclusions will be rejected, so it's essential to understand what's covered and what's not.
Incorrect Information
Any misinformation or errors in the claim form can lead to rejection. Double-check all the details before submitting the claim to avoid such problems.
Policy Lapses
If your policy has lapsed due to non-payment of premiums, any claims made during that period will be rejected. Keep your premiums up to date to ensure continuous coverage.
Inadequate Justification for Treatment
The treatment or procedure you are claiming should be medically necessary and supported by proper diagnosis. If it's deemed unnecessary or not backed by valid medical reasons, the claim might get rejected.
Remember, being well-informed about your policy, disclosing all relevant information, and providing complete documentation are key to ensuring your cashless mediclaim policy works effectively when you need it most.
Things to Consider Before Buying a Cashless Health Insurance Policy
A cashless health insurance policy allows you to receive treatment at network hospitals without paying upfront, as the insurer settles the bill directly. While this is convenient, it is crucial to evaluate the policy to ensure it meets your needs carefully. Below are ten key aspects to consider before buying a cashless health insurance policy:
1. Network Hospitals: Check the list of network hospitals associated with the insurer. Ensure that the hospitals in your city or nearby areas are covered, especially ones you trust for treatment. A large network gives you more options in emergencies.
2. Claim Settlement Process: Understand how the cashless claim process works. Look for insurers with a hassle-free and quick approval process to avoid delays during emergencies. Research the average turnaround time for claim approvals.
3. Pre-Authorisation Requirements: Most cashless claims require pre-authorisation from the insurer. Verify the procedure for getting this approval and whether it can be arranged quickly in urgent situations.
4. Room Rent Limit: Many policies have sub-limits on room rent (e.g., ₹5,000 per day). If the hospital charges exceed this limit, you may need to pay the difference out of pocket. Choose a policy with flexible or no room rent capping.
5. Co-Payment Clause: Some policies include a co-payment clause where you bear a percentage of the medical expenses (e.g., 10-20%). Check if the policy has this clause and decide if it aligns with your financial comfort.
6. Pre-Existing Conditions Waiting Period: Health insurance policies often have a waiting period (2–4 years) for pre-existing conditions. Evaluate this duration and pick a policy with a shorter waiting period if you have existing health issues.
7. Coverage Exclusions: Carefully read the list of exclusions in the policy. These might include specific treatments, procedures, or illnesses. Understanding these exclusions ensures you are not caught off guard when filing a claim.
8. Annual Coverage Limit: Ensure that the sum insured is adequate for potential medical emergencies. High medical costs can quickly exhaust a low coverage limit, leaving you to cover the remaining expenses.
9. Add-on Features and Riders: Consider add-ons such as critical illness cover, maternity benefits, or OPD expenses. These can enhance your policy and provide extra protection for unique healthcare needs.
10. Insurer's Reputation and Claim Settlement Ratio: Research the insurer’s claim settlement ratio (the percentage of claims settled out of total claims received). A high ratio indicates reliability. Also, check customer reviews and feedback for insights into the company’s service quality.
11. Premium vs. Benefits: Compare the premium against the benefits offered. Don’t just go for the cheapest policy; ensure it provides comprehensive coverage and meets your requirements without hidden costs.
Recent News on Cashless Health Insurance
The Cashless Everywhere Initiative Revolutionises Health Insurance Landscape
The "Cashless Everywhere" initiative redefines health insurance by making healthcare more accessible and seamless. This innovative approach eliminates the need for policyholders to pay upfront for medical treatments, as insurers directly settle bills with healthcare providers.
By extending the cashless benefit to an extensive network of hospitals and clinics, the initiative ensures that medical emergencies or planned treatments are less financially burdensome.
This groundbreaking shift simplifies the claim process, reduces paperwork, and enhances customer convenience. It also fosters transparency between insurers, hospitals, and patients, ultimately driving better trust and satisfaction in the health insurance ecosystem.
Here's how The Cashless Everywhere Initiative works:
Expanded Accessibility: Policyholders can now enjoy cashless facilities at a broader range of hospitals, giving them more choices and convenience in healthcare decisions.
Streamlined Procedures: The initiative simplifies the process for policyholders, removing the need for upfront payments and the subsequent reimbursement hassle when opting for treatment at non-network hospitals.
Notification Guidelines: Policyholders must inform the insurance company at least 48 hours before admission to facilitate planned medical procedures. In emergencies, this notification window is reduced to 48 hours after admission.
Policy Adherence: To ensure eligibility for cashless treatment, it is imperative that policyholders adhere to the terms of their insurance policy, and the chosen hospital must align with the operating guidelines of the insurer.
The 'Cashless Everywhere' initiative represents a significant leap forward in enhancing the flexibility and convenience of health insurance for policyholders.
Conclusion
Cashless health insurance is a game-changer in the healthcare industry, providing policyholders with the convenience and peace of mind of not having to pay upfront for medical expenses. Direct settlement between the insurer and healthcare provider ensures timely access to quality treatment without financial stress.
However, policyholders must understand the terms and conditions, including network hospitals and the coverage limits. Overall, a cashless health insurance plan is a valuable tool for managing healthcare costs, offering financial security and ease of access to care when needed.
FAQs about Cashless Health Insurance Policy
Here are some frequently asked questions about cashless medical insurance policies.
Do Cashless health insurance plans cover OPD treatment?
Yes, cashless health insurance plans typically do not cover outpatient treatment (OPD). They primarily cover inpatient hospitalisation expenses.
I am undergoing planned hospitalisation. Do I need to inform the insurance company of the same?
Yes, it's important to inform your insurance company about any planned hospitalisation to ensure a smooth cashless claim process. Timely communication is key.
Does cashless health insurance offer any tax benefits?
Yes, cashless health insurance premiums are eligible for tax benefits under Section 80D of the Income Tax Act, providing deductions on the premium amount.
My cashless claim got rejected. What could be the possible reasons for the same?
Cashless claims might get rejected due to insufficient documentation, non-coverage of the treatment under the policy, or incomplete information. It's essential to review the policy terms and provide accurate details.
Are cashless health plans different from individual or family floater plans?
Yes, cashless health plans are a type of health insurance that allows direct payment to the hospital for covered treatments.
What is the coverage duration under cashless health insurance plans?
The coverage duration for cashless health insurance plans is typically for a policy year. You need to renew your policy annually to maintain the coverage.
How long does it take to approve cashless mediclaim?
The approval process for cashless mediclaim varies but usually takes 24 to 48 hours, provided all necessary documents and information are submitted correctly. Delays can occur due to complex cases or documentation issues.
What are the types of cashless health insurance policies in India?
Typically, there are three types of cashless medical insurance policies: individual, family floater and senior citizen.
Can cashless health insurance claim be denied?
Yes, it could be denied under the following situations: 1. If the medical condition is not covered by the policy. 2. If the hospital is not part of the network of hospitals listed by the insurance company. 3. If the information provided by the network hospital lacks the required information. 4. If you do not send the pre-authorisation form on time.
What is the tenure of the cashless health insurance plan?
Similar to other insurance products, cashless health insurance plans come with a one-year policy; however, some insurers do offer tenures of two years.
How many claims are allowed in a year in a cashless health insurance policy?
You can claim several times during the policy period subject to a maximum of the sum insured amount.
Do cashless health insurance plans cover pre-existing diseases?
Some insurance providers offer to cover pre-existing diseases subject to terms and conditions set by the insurance company.
Can I receive cashless treatment at any hospital?
No, you can only avail cashless treatment at hospitals that are part of the network associated with your health insurance company.
Is cashless mediclaim taxable?
No, cashless mediclaim is not taxable. The amount received through a cashless mediclaim policy is exempt from income tax under Section 10(10D) of the Income Tax Act, 1961.
Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on industry experience and several secondary sources on the internet, and is subject to changes. Please go through the applicable policy wordings for updated ACKO-centric content, and before making any insurance-related decisions.
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