Hospital Cash Daily Allowance Plan – Day to day medical clinic cash protection is a health care coverage benefit that offers a single amount mount everyday to the safeguarded during the hospitalization for a particular period. The money can be used to make up for any income loss that occurs while a patient is in the hospital by covering any additional costs that health insurance does not cover. One of the benefits of health insurance is daily hospital cash insurance, which gives the insured a lump sum every day while they are in the hospital. This cash can be used to cover any income loss while the patient is in the hospital or for any additional costs that health insurance does not cover.
Are you looking for a way to save on your hospital bill? If so, you may be interested in learning about the hospital cash daily allowance plan. This plan allows patients to spend cash each day on items like food, clothing, and medical supplies. This allows patients to save money without having to carry around a lot of extra money on them. Plus, the hospital can track how much money each patient spends to ensure that they’re not overspending. If you’re interested in learning more about the hospital cash daily allowance plan, please read on for more information.
Hospital Cash Daily Allowance Plan
While the majority of your hospitalization costs are covered by your health insurance policy, there are some that are not. These costs are referred to as inadmissible costs and include things like X-ray fees, costs incurred by family members who are accompanying the patient, and so on. Additionally, there will be no need to submit any supporting bills for the daily cash benefit to kick in. To be eligible for this benefit, a valid hospital stay of at least 24 to 48 hours is required. However, this benefit is denied if the hospitalization is inadmissible.
In the event of hospitalization, a daily hospital cash benefit provides the insured with a lump sum that can be used as needed. The money can be used to cover additional costs that are not covered by health insurance or even to make up for lost income while the patient is in the hospital.
Hospital Cash Daily Allowance Plan Details
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What is Hospital Cash Insurance?
An insurance policy known as “Hospital Cash Insurance” simply provides a predetermined amount of money for each day that a patient spends in the hospital for more than 24 hours. It is a daily allowance that the policyholder receives to cover various costs while they are in the hospital. A basic plan typically includes the daily cash benefit, but it can also be purchased as an optional cover. A separate hospital cash insurance plan is also offered by some health insurance companies.
Hospital cash insurance is something that many people are unfamiliar with. It is a type of insurance that can help you cover the costs of hospital bills if you are unable to pay them upfront. This policy can be a lifesaver in cases of an emergency, and is especially valuable if you have no health insurance. In this post, we will explain what hospital cash insurance is, and discuss some of the benefits that it offers.
Benefits of Daily Hospital Cash Insurance
Hospital cash insurance is something that many people are unfamiliar with. It is a type of insurance that can help you cover the costs of hospital bills if you are unable to pay them upfront. This policy can be a lifesaver in cases of an emergency, and is especially valuable if you have no health insurance. In this post, we will explain what hospital cash insurance is, and discuss some of the benefits that it offers.
- The insured can cover any medical expenses that are not covered by a comprehensive health insurance plan and any additional costs incurred while in the hospital with the Daily Hospital Cash Benefit.
- The amount of the daily hospital cash benefit is set, and the insurer will not ask for any more money if the actual cost is less than the daily benefit limit.
- A hospital cash plan, for instance, has a coverage cap of Rs. If the actual cost is Rs 500, the insurer will also reimburse the amount of Rs 800. As a result, the policyholder receives a cushion from the daily hospital cash rider benefit while they are in the hospital.
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Best Hospital Cash Insurance Plans in 2024
Hospitals are a vital part of the health system, and it’s important that you have adequate coverage if something unfortunate happens. In this article, we’ve compiled the best hospital cash insurance plans in 2024, so you can be sure that you’re adequately protected in case of an emergency. We’ve also included information on what to do if you’re injured or become sick while visiting a hospital. So whether you’re a patient or a family member, make sure you’ve got the insurance coverage you need.
Daily Hospital Cash Insurance | Amount (Rs.) | Number of Days | |
Aditya Birla Activ Assure Diamond Health Insurance Plan ( in-built benefit) | Rs 500 | For consecutive 5 days | VIEW PLAN |
Bajaj Allianz Hospital Cash Benefit Policy | Rs 500 to Rs 2500 | 30 days & 60 days | VIEW PLAN |
Bharti AXA Health Insurance Plans (Optional Cover) | Rs 500 to Rs 25000 | up to 45 days | VIEW PLAN |
Cholamandalam Hospital Cash Insurance Plan | Rs 1000 to Rs 3000 | 20-25 days | VIEW PLAN |
Care Health Insurance Plans ( Add-on cover) | N/A | Up to 30 days | VIEW PLAN |
Digit Health Insurance Plans | N/A | up to 30 days | VIEW PLAN |
Edelweiss Health Insurance | N/A | N/A | VIEW PLAN |
Future Generali Hospital Cash Plan | Rs 500- Rs 9000 | 30, 60, 90, & 180 days | VIEW PLAN |
Iffco Tokio Hospital Daily Cash Policy | Rs 250 to Rs 5000 | 15, 30, 60, 90, & 180 days | VIEW PLAN |
Kotak Mahindra Hospital Cash Optional Cover | N/A | 3 days onwards | VIEW PLAN |
Liberty Health Insurance Plans | Rs 500 to Rs 1000 | N/A | VIEW PLAN |
Manipal Cigna Health Insurance Plans | Rs 1000 to Rs 3000 | N/A | VIEW PLAN |
Niva Bupa (Formerly known as Max Bupa) Health Assurance Plan | Rs 1000 to Rs 4000 | up to 45 days | VIEW PLAN |
National Health Insurance | N/A | N/A | VIEW PLAN |
Oriental Happy Cash Policy | 30/60 days | VIEW PLAN | |
Raheja QBE Hospital Daily Cash- Group | Up to Rs 15,000 | 7-15 days | VIEW PLAN |
Reliance Health Insurance | N/A | N/A | VIEW PLAN |
Royal Sundaram Lifeline Insurance Plan ( Optional Hospital Cash Insurance) | Rs 1000, Rs 2000, Rs 5000 | 30 days | VIEW PLAN |
Coverage Provided under the Hospital Cash Insurance
Hospitals are a vital part of the health system, and it’s important that you have adequate coverage if something unfortunate happens. In this article, we’ve compiled the best hospital cash insurance plans in 2024, so you can be sure that you’re adequately protected in case of an emergency. We’ve also included information on what to do if you’re injured or become sick while visiting a hospital. So whether you’re a patient or a family member, make sure you’ve got the insurance coverage you need.
- Your health care coverage strategy pays for a large portion of your clinical costs during the hospitalization, yet a portion of the costs are as yet not covered by your clinical protection plan. Hospital cash insurance may cover inadmissible costs like X-rays, surgical supplies, visits from family members, and so on.
- In addition, if you are in the hospital for more than 24 hours, you are eligible for daily cash benefits without having to submit any supporting bills. Only if the hospitalization is allowed is this daily cash allowance available.
- The health insurance company will pay the insured a daily lump sum if the insured is hospitalized for medical treatment. The insured can use the money as needed.
- The coverage amount can sometimes be used to cover any extra costs that aren’t covered by your health insurance or to cover income loss while you’re in the hospital.
Coverage Limit under the Daily Hospital Cash Plan
There seems to be an increasing trend of hospitals imposing coverage limits on their Daily Hospital Cash Plans. This limits the amount of money that a patient can receive in a day, and as a result, can cause a lot of trouble for patients and their families. When coverage limits are in place, patients may find it difficult to cover the costs of their medical bills, and may even end up facing bankruptcy. If you or someone you know is facing coverage limits under a Daily Hospital Cash Plan, it’s important to get help as soon as possible.
- The typical daily cash benefit is between Rs 100 and Rs 10,000, but the actual amount varies from insurer to insurer. It is recommended that you look up the limit of the hospital cash plan in the policy or when you buy hospital cash insurance.
- The coverage is based on a percentage (%) of the Sum Insured if the hospital cash benefit is included in the health insurance plans.
- For instance, the Daily hospital cash policy can provide a hospital cash benefit equal to one percent of the insured sum.
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Tenure of Daily Hospital Cash Benefit
A daily hospital cash policy benefit typically lasts between 15 and 45 days. However, the actual number of days must be the same at the time of policy purchase and may vary between health insurance providers. You are also eligible for a 30-day cash benefit from the hospital if you are admitted for 10 days or more during the policy term.
Hospital Daily Cash Policy Claim Process
Under the Daily Hospital Cash Policy, the only method for submitting a claim is reimbursement. Prior to receiving reimbursement or payment from the health insurance company, you will be responsible for paying the hospital bills out of your own pocket. The steps for submitting a reimbursement claim under the hospital’s daily cash policy are as follows:
- Indication of a Claim: Within 48 hours of being hospitalized, inform your insurance provider.
- Submission of Documents: Within 15 to 30 days of being discharged, submit the necessary document.
- Settlement of a Claim: Within 15 to 30 working days, the health insurance company will settle your claim.
Documents Required For Claim Settlement
When something goes wrong with your property, you might file a claim with the insurance company in order to get the compensation you deserve. In order to speed up the process and minimize any inconvenience, here are the documents that you’ll need to provide in order to make a claim.
The following are the required documents for filing a claim under your hospicash insurance:
- Duly Signed Claim Form
- Xerox of the Discharge Summary or Discharge Certificate
- Xerox of Hospital Bills
- Xerox of your identity card
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