Health insurance india, Health insurance pune - Health insurance is an important part of making sure that you are able to maintain your well-being and keep up with medical bills if you should ever need expensive medical care. However, most people don’t really know all the facts about health insurance that may surprise them and make them reconsider how they go about getting their health insurance in the first place. Here are some unbelievable facts about health insurance that you didn’t know before now.
#1
Although people think Medicare is free, it actually isn’t. In order to receive benefits, people have to pay monthly premiums that range from $104.90 per month in 2014 to $226.60 per month in 2022. Many individuals are unaware of these monthly premiums and end up finding out about them after they apply for coverage or need specific procedures done that aren’t covered under their current plan. The best way to avoid falling into a similar situation is to contact your provider directly as soon as you turn 65. You can also talk with an insurance broker who specializes in Medicare assistance. Just be aware that some brokers offer protection plans while others may only handle sales and basic questions. Either way, connecting with an expert will save you hundreds if not thousands of dollars over time.
#2
World Mental Health Day is held on October 10 each year. Its goal is to raise awareness of mental health issues and encourage positive change in communities and workplaces. In addition, it helps to break down social stigma associated with mental illness. The idea behind that day was to help mobilize support for those whose lives have been touched by mental health problems. It is observed annually around mid-October. The theme for 2015 is Supporting Young People’s Mental Health: A Global Challenge.
#3
Biggest insurance companies in India are Life Insurance Corporation of India (LIC), National Insurance Company Ltd, New India Assurance Co. Ltd., Oriental India Assurance Co. Ltd, and United India Assurance Co. Ltd (UIIC). More than 100 private companies also provide health insurance services in different regions of country. LIC is largest public sector health insurer followed by UIIC. While Jeevan Bhima policies were started earlier they were later on discontinued due to various reasons. In 1951 government setup an advisory board under chairmanship of Shri CV Chandrasekhar aimed at studying feasibility of introducing a social security scheme for workers and promoting financial wellbeing of people below poverty line through provision for adequate medical facilities to them.
#4
In some states, all health care plans must offer maternity coverage. In other states, however, it is illegal to buy a health plan that covers prenatal care and childbirth. For example, in Alabama residents are not allowed to purchase health insurance policies that include maternity benefits but can only choose plans that do not cover prenatal care. If you want your baby born in Alabama, you’re going to need at least Rs.10,000 to pay for those expenses on your own.
#5
There’s No Coverage for More Than 80% of Drugs : Most health insurance plans do not cover more than 80% of prescription drug costs. Some, like Medicaid and CHIP, only cover about half. Even private, employer-sponsored plans often fall short; it is rare for these plans to cover more than 85%. This is partially because drug prices have risen exponentially over time. In 2016, retail spending on drugs totaled $443 billion in the United States—more than $1 billion per day!
The #1 Reason Your Drug Plan Doesn’t Cover as Much as You Think It Does: Many private insurers use a three-tier formulary system. In a nutshell, lower tier drugs cost significantly less while upper tier drugs cost substantially more.
#6
You Don’t Need a Doctor’s Note to See a Therapist! If you are covered by an insurance policy, you may need your doctor to give you an official referral in order to see a therapist. But some states require health insurers to cover mental health just like they do physical health, which means no more need for referrals. In fact, many therapists are willing to work with patients who have Medicare or private insurance—which can be both cost-effective and convenient for consumers. However, check with your provider first before making any changes to your benefits plan. And remember that even if your policy requires prior authorization, many providers will make exceptions. For more details visit - https://www.policyplanner.com/health-insurance.php