A Basic Guide To Health Insurance

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A Basic Guide To Health Insurance
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• You have heard about the importance of getting
  your health insured given the rise in accidents,
  diseases and various critical conditions. But you
  dont know the basics of health insurance and
  dread the complexities associated with the claims
  processes, documentation and reimbursement.Here
  are 10 pointers on the basic terms and processes
  associated with health insurance

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• Health insurance
• As the term suggests, health insurance or
  non-life insuranceis about taking a medical cover
  against illnesses, diseases, medical conditions,
  accidents and unforeseen health disasters in
  general.
• Hospitalization discharge card/summary
• You need to approach an insurance company to buy
  the health insurance policy, pay a certain sum of
  money every year as premium to keep your policy
  active. God forbid, should you meet with a health
  disaster, the policy will cover the treatment and
  hospitalization subject to the terms and
  conditions of the policy.

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• Who should be taking health insurance
• Just about everybody should take health insurance
  regardless of age, gender and physical condition.
  For the simple reason that medical disasters do
  not make exceptions and can afflict anyone at any
  time.Without health insurance, treating an
  illness or accident from your own pocket can
  prove very expensive.
• Hospitalization is necessary
• Health insurance covers the expenses so long as
  there is hospitalization. In other words, the
  patient must undergo treatment in the hospital
  for at least for 24 hours. A sickness / injury
  that does not result in hospitalization is not
  covered by the health plan.

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• Charges covered by the policy
• All expenses related to the sickness / injury
  ward room charges, surgeons fees, consultant
  doctors fees, operation theatre charges are
  covered. Usually there is a time frame, with all
  pre and post-hospitalization expenses over the
  time frame covered by the policy.
• Disease coverage
• As far as disease coverage is concerned,
  excepting certain diseases or pre-existing
  conditions specified under the policys terms and
  conditions,In case of critical illness
  insurance all diseases and illnesses,including
  critical illnesses, are covered.

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• Critical illness
• Critical illness is a health condition of a
  grievous nature. It can have a devastating effect
  on the individuals lifestyle and can incur
  considerable medical cost, in addition to loss of
  income from inability to work.
• What are pre-existing diseases?
• Pre-existing diseases as you may have guessed are
  diseases that a person may have suffered from, or
  sought treatment for, or even a disease which he
  may have contracted regardless of whether he was
  aware of it, before taking the policy. There is
  usually a waiting period of two to four years
  before the individual can file for health cover
  on pre-existing diseases.

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• Documentation required to file a claim
• First, a reimbursement form, readily available on
  the companys website, must be filled. The form
  should be supported by documents like original
  hospital receipts and bills, prescriptions,
  doctor's note for tests and investigations,
  details of operation performed and surgeon's
  bill, receipt, to list the most important.
• Claim processing
• While the turnaround for claim reimbursement
  various across insurers, it usually takes 15-21
  days once the forms and documents have been
  submitted. The insurance company takes this
  period to verify the claim, ascertain eligibility
  and tie up related processes. The claim is
  accordingly approved and the reimbursement cheque
  is sent to the customer.

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Health Insurance Dubai

• Al Buhaira Tower, Khalid Lagoon,
• Buhaira Corniche.
• P.O. Box 6000
• Tel [phone]
• Fax [phone]
• E-mailabnicho_at_albuhaira.com