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The Financial Details You Need to Know as a Caregiver During a COVID-19 Emergency
Tips to keep in mind while dealing with the financial implications of having a loved one hospitalized.
As India battles a second wave of COVID-19 infections, citizens have been running from pillar to post to arrange for hospital beds, medicines and oxygen for their loved ones as cases reach an all-time high and the death toll mounts.
Adding to this chaos are the time consuming and complicated procedures involved in claiming insurance and managing finances, especially with differing state, hospital and insurance policies.
Here are some tips to keep in mind while dealing with the financial implications of having a loved one hospitalized with COVID-19.
Figure out if the person has personal #healthinsurance or one provided by their workplace. #COVID19 treatment is covered only under health insurance and not accident insurance. Call the insurance provider to confirm if treatment is covered under your policy.
— Re:Set (@ReSet_Everyday) April 22, 2021
If they have insurance, mention it to the hospital as soon as the person is admitted. It’s preferable to opt for cashless payment — where the insurance provider directly pays the hospital — over a reimbursement.#COVID19 #India
— Re:Set (@ReSet_Everyday) April 22, 2021
Find out the cost of treatment for #COVID19 in your state, if there are government subsidies and how you can avail them.
From subsidized #healthcare in public hospitals to a cap on bed charges in private hospitals, states across #India have different policies.
— Re:Set (@ReSet_Everyday) April 22, 2021
Ask the hospital if you have to pay additionally for medicines, injections or tests. If yes, make a tentative list of extra costs and check if insurance money will be sufficient to cover it all.#COVID19 #India
— Re:Set (@ReSet_Everyday) April 22, 2021
If claiming reimbursement after your loved one is discharged, you must have
?the insurance card or copy of the insurance,
?discharge summary from hospital
?all hospital bills
?insurance claim form
?PAN card copy
?a cancelled cheque. #COVID19 #India— Re:Set (@ReSet_Everyday) April 22, 2021
Keep a copy of all these documents with you. While couriering documents to insurance providers, make sure you get an acknowledgement slip and tracking number from the courier company. Call the insurance provider to confirm so insurance can be processed soon. #COVID19 #India
— Re:Set (@ReSet_Everyday) April 22, 2021
In case of inadequate or no insurance, look at whether you can tap into your savings, get help from family and friends, or can crowdfund.
If you are in a position to, you can also apply for personal loans but please keep in mind that will take time to process.#COVID19 #India
— Re:Set (@ReSet_Everyday) April 22, 2021
