Basics of a Health Insurance Policy
Every insurance policy has a list of hospitals where the insured can avail of this service. The policy holder simply has to call the toll free number present on the Health Card and then the co-ordination between the hospital and the company takes place.
Does health insurance have a tax benefit?
The maximum deduction for an individual, spouse and children is Rs 15,000 per year. Senior citizens (65 years old or higher) get a tax exemption upto Rs 20,000. The premium is allowed as deduction from the total income of the assessed. Hence if you are paying medical premium for yourself, your family and parents you can get a tax benefit up to Rs. 35,000.
How do I claim Health insurance?
You can make a claim in two ways: Firstly, if the nursing home or the hospital you get treated in, is in the “network hospitals” list and provides cashless service, then you need to give details of your policy to the nursing home and the nursing home will claim the money directly from the insurance company. You, don’t need to pay the bills in this case. To know more about Basics of a Health Insurance Policy To know more about Basics of a Health Insurance Policy
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