Diabetes is not only about living with diabetes and how to control the blood sugar levels but also about being financially secure. Frequent doctor visits, prescriptions, examinations, hospitalisation, and control of complication such as heart problems or kidney diseases can be used in the treatment of diabetes. These expenses can soon become very expensive without a good insurance. That is why it is important to select the appropriate health insurance in case of diabetes patients.
This blog will discuss how health insurance among diabetics works, what they should look at and some of the best deals in the market that money can buy in India today.
The importance of health insurance to the patients of Diabetes.
Diabetes is a chronic and most of the times a pre-existing disease, thus, at the time of purchasing a policy you already had it. Majority of the standard health insurance plans treat it as a pre-existing disease and may:
- Charge higher premiums
- Introduce a 30 day waiting period to pay costs associated with diabetes.
- First exclude some diabetes complications.
But nowadays with better insurance cover, most firms are specifically targeting individuals with lifestyle illnesses such as diabetes – giving them specialist policies that include treatment and hospitalization, investigations and complications at affordable rates.
Before purchasing any product, it should be considered that there are key factors to consider.
- Pre-Existing Disease Waiting Period (PED). There is usually a waiting period of 24 to 4 years before pre-existing conditions such as diabetes are paid under the health plan. Select a policy that has the shortest waiting period particularly when you have complications.
- Comprehensive Coverage
A good plan should cover:
- Hospitalisation expenses
- Medicines and insulin
- Specialist consultations
- Diagnostic tests (HbA1c, glucose profiles).
- Complications treatment (such as diabetic kidney disease dialysis)
Preventive tests and wellness benefits are also provided by some of the policies.
3. Cashless Hospitals Find insurers who have a large number of cashless hospitals. This will enable you to receive care without the initial payment, a fact particularly beneficial during emergencies.
4. Riders and Add-Ons Rider protection can be increased by riders like critical illness cover or disease management riders. As an illustration, there are plans that cover the annual diabetes tests and prevention programs.
5. Tax Benefits You can claim tax deductions on health insurance premiums under Section 80D of the Income Tax Act – this means that you can save your taxes and yet your health will be taken care of.
Best Health Insurance Plans to Diabetes Patients. The insurance plans and the providers that are considered the best in India including the features that would be applicable to the diabetic persons are as follows (according to the latest comparisons in the industry):
1. Star Health Insurance
Among the mainstreams of the insurers who provide plans that are specific to diabetes and life diseases. Good network coverage, and benefits related to hospitalization due to diabetes.
2. HDFC ERGO Health Plans
Endorses broad networks of hospitals and covers them comprehensively. Some of the plans have assistance in chronic management.
3. Manipal Cigna Health Insurance.
This is a sure bet among diabetics since it has a good network and a high claim settlement ratio.
4. New India Assurance
Low-premium-based government-sponsored insurer with good coverage, which can be used in the management of chronic diseases in the long run.
5. Reliance General Health Insurance.
Large claim settlement ratio and low premiums; provides a plan that covers diabetes with sufficient inclusions.
6. Care Health Insurance (Care Freedom).
In particular, it has been created to enable patients with diabetes or high BP to acquire health insurance without any serious medical examination prior to a purchase.
7. Specialized “Diabetes Secure” or Riders.
There are also insurers with diabetes-specific add-ons that cover regular checkups, support to help in managing them, and early treatment, which is beneficial in the long-run control. Jagran
Government-Sponsored Alternatives You ought to know.
Government health insurance may assist in reducing out-of-pocket expenses to you:
• Ayushman Bharat Pradhan Mantri Jan Arogya Yojana.
A flagship national health insurance program to offer free secondary and tertiary care to lower-income families. Although it is not limited to diabetes, it pays major costs of hospitalisation and can serve as a good safety net to eligible people. Wikipedia
- Rashtriya Swasthya Bima Yojana.
The government initiative to provide the economically disadvantaged basic health insurance, which assists in the larger hospital expenses such as chronic illnesses.
Such government programs may be particularly useful when a low-income diabetes patient requires a significant treatment without facing any financial burden.
Professional hints on attaining superior premiums.
- Buy young: Younger and healthier citizens will have lower premiums.
- Keep healthy records: There should be regular tests with stable sugar levels that could be used to negotiate lower rates.
- A combination with family floater plans: These are usually cheaper than personal plans.
- Be open: You always should reveal your medical background and diabetes status, otherwise your claims can be disqualified.
Conclusion
The right health insurance is not only about the coverage when deciding as a diabetes patient, but it is also about having a secure financial future, having a calm mind, and having a good quality healthcare when you need it the most.
Knowing the characteristics of policies, evaluating the alternatives and potentially integrating both the privately funded plans with government programs will help you to get a plan that can cover your health and your wallet. It is a good idea to remember that insurance is more than just defense against disease.
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