Health insurance is a contract that requires an insurer to pay some or all of a person's healthcare costs in exchange for a premium. More specifically, health insurance typically pays for medical, surgical, prescription drug, and sometimes dental expenses incurred by the insured. During this period, if an insured meets with an accident or is diagnosed with a severe ailment, the expenses incurred for treatment purposes are borne by the insurance provider.
What really is Group Health Insurance, and how does it work?
Employees of a company are granted group health insurance, which can potentially be applied retroactively their families. The coverage repays the insured for medical expenditures incurred during hospitalisation as well as any illness or injury sustained in India. Pre- and post-hospitalization medical expenses are covered for up to 30 and 60 days, respectively, and the age range is from 91 days to 80 years.
What does Group Health Insurance cover?
Your health care needs are covered by group health insurance, depending on the plan you choose.
- Pre-hospitalization and post-hospitalization
- Pre-existing medical conditions
- Expenses associated with pregnancy
- The first day of a baby's life is spent on pre- and post-natal expenses.
- Expenses associated with inpatient care
- Charges for ambulances
- The cost of daycare