With the consistent rise in the rate of the coronavirus pandemic, it isn’t surprising at all that people who are being admitted to the hospital have a constant question of whether or not their health insurance covers the coronavirus hospital costs. To be fair, given that these are such hard times, having such questions is quite common. But, don’t worry; we have sorted out some of the most commonly asked questions when it comes to coronavirus and how your health insurance can support it.
Question 1
Will Coronavirus hospitalisation bills be covered by health insurance?
The very first and the most commonly asked question about it is whether or not the health insurance covered the coronavirus bills. According to most of the health insurance guidelines, it is likely that the same will cover your costs if you are admitted to the hospital for more than 24 hours. For better authoritative information, know for a fact that the Insurance Regulatory and Development Authority has clarified stating that the Covid-19 related treatment can’t be excluded from the standard health insurance policies.
Question 2
Does the related expenses invested for preventive quarantine fall under the insurance coverage?
To answer it in simple words, no, it doesn’t come under the coverage of the insurance. Since the self quarantine or isolation doesn’t involve any kind of hospital admission or expenses, the same won’t be covered under the insurance. But, in case you are being quarantined in a hospital provided by the government and the expenses are being taken care of in the hospital, then the same might be eligible for you to stake the claims for.
Question 3
Will the insurance cover the testing expenses for Covid-19 disease?
Your health insurance won’t cover the expenses for the Covid-19 testing. Since this falls under the diagnostic testing, it is not covered by the insurance plans. If the patient gets a positive testing and is hospitalised for the same, only then will your entire insurance policy become viable for use. The post hospitalisation diagnostic costs are often included in the insurance itself. You need to either contact the company or the agent that got you the insurance. Aside from that, if your insurance covers the outpatient expenses, you are likely going to have the diagnostic part covered too but that is not a standard protocol.
Question 4
Does one need to pay extra for the Covid-19 coverages?
No, it is unlikely that you will have to pay extra to cover the covid-19 expenses. Every benefit that is offered within your term plan will be covered by your health insurance in this one too. Just ensure that you do keep an eye out on all the clauses before you end up taking the insurance. Since this disease falls under the general disease category, you will have it covered as well, without having to pay anything extra. For better clarifications, make sure that you consult your health insurance company.
Question 5
Do health insurance providers have special Covid-19 plans?
Yes, there are a few special Covid-19 plans that many of the health insurance providers are giving. They are mainly based out of the company protocols that can be bought by the company for their employees. There are a few insurance plans which have a sum insured of INR 5 lakhs for a premium of INR 199 along with taxes. There are a few fixed benefit plans available as well that you can check out if needed.
If you have been having queries regarding the health insurance policies and the kind of impacts they will have on the Covid-19 treatment, we have cleared out a few of those. Make sure to always contact your health insurance provider to get a better understanding of things and for better clarifications.
