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Cashless Hospitalization is a facility using which a person who holds a health insurance policy can get admitted in a hospital and get himself treated without having to pay for all the medical expenses. There are a few things that the insurance does not cover, which the person would have to pay for, but otherwise the insurance company will pay for the rest of the expenses.
Convenient, Right???
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∙ 12y ago
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Do all insurance companies offer cashless hospitalization?
Now-a-days most of the health insurance policies do offer cashless hospitalization facility and route your policy through a TPA. However you should be aware of terms and conditions of the policy and the list of network hospitals & Non- Network Hospitals.
What do you mean by health card?
It is a card that comes along with your health insurance policy. Similar to the identity card, this card will allow you to avail cashless hospitalization at any network hospital.
What do you mean by cashless facility?
Cashless facility lets you avail the hospitalization benefits without any advance payments.When you buy a policy the insurer provides you a health card along with your policy documents.You can use the health card to access Cashless facility in network of hospitals facilitated by the insurance company TPA (Third Party Administrators). SO, the eligible medical expense, thus incurred, shall be settled by the Insurance Company directly with the hospital.
What are the Documents you need for Getting Cashless Hospitalization?
The following are the documents you need for getting or rather using Cashless Hospitalization facility. They are:1. Identity Proof - like Drivers License, Passport (This is used to validate that the person asking for the feature is indeed the person who is covered by the insurance policy)2. Insurance Proof - Usually an Insurance Card or a Policy Document (This is used to validate that the person has a valid insurance policy and is currently active as on the current date)3. Proof of Sickness - Usually a letter or certificate from a Doctor who is treating the patient4. Proof of Treatment - Usually a letter or certificate from the Hospital that the patient is being treated in their premisesAn important point to note here is that, almost all insurance companies and policies have the cashless hospitalization facility. It is better if you confirm with the insurance agent about the availability of this feature before you sign-up for the policy.
What is meant by the definition of cashless?
The definition of the term cashless is a person not having cash or physical money. A person who is cashless relies on monetary transactions that use electronic means.
What is cashless society?
Cashless society is having no money and ordering everything via the Internet :D
Why should I use a cashless stock option?
Cashless stock options are offered by many companies. You should check with your tax professional to find out if you should use a cashless stock option.
CONCEPT OF CASHLESS POLICY INTRODUCED BY THE CBN IN NIGERIA?
Yes, the concept of cashless policy was introduced in NIGERIA.
How to get cashless mediclaim policy?
A cashless mediclaim policy is a type of health insurance policy that allows you to avail medical treatment without having to pay cash at the hospital. Instead, the medical expenses and hospitalization charges are settled directly between the insurance company and the network hospital 1234. To get a cashless mediclaim policy, you can visit the website of any insurance company that offers this type of policy. You can also use online insurance aggregators like Policybazaar to compare different cashless mediclaim policies offered by various insurance companies and choose the one that best suits your needs 1. It’s important to note that cashless mediclaim policies are only valid at network hospitals of the insurance company. Therefore, it’s advisable to check if your preferred hospital is part of the insurer’s network before availing treatment 14. For more detail info please contact at 8961473988 9007255104
What is the name for cashless traders?
It is called bartering
What is cashless economy?
A cashless economy is an economy without cash, it uses digital money instead, transactions are made by digital devices such as mobile phones.
What is meant by Pre and Post hospitalization?
Expenses before hospitalization is called Pre-Hospitalization expenses and expenses after discharge from the hospital are called Post-Hospitalization expenses. Usually 30 days pre-hospitalization and 60 days post hospitalization expenses are covered under mediclaim policies.
