A cashless health insurance refers to a health insurance that gives you the choice to opt for your required treatment, without having to pay any cash out of your own pocket. The costs of the same are directly taken care of between the hospital and your health insurer (us!)
For example: If you or a family member is affected with the coronavirus and needs to be admitted for treatment, a cashless medical insurance will ensure you don’t need to pay upfront for the costs of the same.
All you need is an approval from your health insurer or third-party administrator and the rest will be taken care of by your health insurer!
Cashless Health Insurance – Simplified further
Let’s understand this better with some context. So, usually what happens in a health insurance in India is that, when you need to make a health insurance claim because of an illness or accident - you can either opt for your treatment and later get your hospital bills reimbursed from your health insurer or, instead get approvals beforehand or at the time of admission (in case of an emergency) and go for a cashless claim; this means you don’t need to pay any cash up front and your hospital will directly take care of it with your health insurer.
Think of it like getting your hotel stay covered for by your company due to a partnership between your company and the hotel. Similarly, in a health insurance too, only hospitals that are part of your health insurer’s network (a.k.a have a tie up with your insurer), give you the option of cashless treatments.
At Digit, we have about 6400+ cashless hospitals across India where you will be able benefit from your cashless health insurance to opt for cashless treatments.