Everything You Need to Know About Health Insurance that Covers the Chronic Conditions
By Space Coast Daily // October 9, 2020
No doubt that health insurance is extremely important in today’s time.
But what matters the most is how efficiently are we taking good care when it comes to choosing the right one. Those people who are involved in 8 hours of working must often be reminded about choosing a health insurance policy.
As time pass, they end up realizing the need for the same not just for themselves bout for the family as well. The health coverage is important those days not just to help the people get the right medical assistance but also to get better financial stability in an emergency so that they will not have to go through terrible financial distress.
As per the national health service, it has been considered at least in countries like India to cover different treatment free of cost while in countries like UAE, it has been found that insurers are premiered to get coverage due to pre-existing conditions through group health insurance in UAE no matter whether the treatment can be pre-existing conditions or the chronic one.
The need for health insurance in Today’s time
There are so many group health insurance in UAE that offers the coverage for the conditions that are already existing. But certain steps need to be followed for the same. But before we understand the right steps to avail it, you first should understand the need for health insurance in today’s time.
People generally opt for health insurance because of a wide range of hospital choices available. This means, if you have a preferred doctor working in a hospital whose treatment can be covered with the health insurance option you choose, you can save more money and get the desired treatment as well.
Many health insurance policies ensure you don’t have to wait in the ques anymore. People who have coverage are given quick treatment facilities. There are so many private hospitals that have a less waiting period as compared to other regular ones with assured guarantee
Of all, people choose the health insurance policy because it does not just give a good treatment under the dedicated staff but also a peaceful ambiance right from admission till discharged.
Steps to avail the Insurance coverage for a chronic condition
Well, there are insurance companies that can give you coverage for a chronic condition, if you follow certain methods this includes:
• There is a certain waiting period given to make sure you don’t claim early right after signing to the plan. The duration of this period can vary as per the company of insurance you choose. In Dubai, usually, the waiting period could be 6 months while in other countries it can be up to 1 year or so.
• The company would make sure the insured gets the medical coverage but there will not be covered for every treatment or service cost stemming from the medical condition.
• The loading to be done at a premium level. This way the company can include the condition is it the pre-existing one or the chronic one. However, keep a note that you must pay a high annual premium.
• To get the coverage for your chronic condition is availed rightly, you should stick to the same company for a long time. There are companies with whom if you work for a long time will not deny the requirement for you to renew the policy if you come across serious chronic health conditions. But for this, they shall of course expect you to be with them under contract for a year and renew the plan every time.
• It is also possible to get coverage for your chronic or pre-existing condition with a group policy. Usually, if you are working in a large-scale company the insurance company can give coverage for the condition that you have been going through along with the other members as well who are part of this group policy.
Know more about chronic condition insurance
Chronic condition insurance is a part of life insurance policies. This means a person needs to opt whether they want to add another coverage in their standard package or not. The insured party must then list down the chronic illness and understand what all shall be covered under the policy.
Usually, the Chronic medical conditions need ongoing treatment and such policy shall pay off the same if the person is diagnosed with a chorionic illness.
However, for this, the person has to be under a criterion that includes:
• The person is not independent enough to eat on her own
• The person cannot move from the bed to the wheelchair and vice versa
• There is an issue of controlling the functioning of bladder and bowel
• The person can’t get on and off the toilet seat.
This kind of illness insurance is like a rider which some people also name as a mortgage protection policy. This can pay off the bill for all kinds of medical and non-medical expenses which usually are not covered under regular health insurance.
Know more Group Medical Insurance Plan
As per the recent law set in Dubai, the companies must cover their employee’s health insurance. At least 10 employees need to be present in the company to avail of such insurance.
Since the plan covers a major number of people, the insurer understands that mixed popular is likely to be both unfit and fit individuals. That is why they will not underwrite people due to high volume. Hence employees can get coverage for chronic conditions.
Now often people wonder if health insurance just covers the basics of the diseases that may occur or the chronic illness as well. Well, frankly it entirely depends on the type of insurance that you choose.