Health Insurance: A health insurance plan is designed in such a way that it can manage the huge amount of healthcare expenses that come with it. Health plans are designed and have provisions for everything from minor illnesses and injuries to serious medical conditions. It protects you like a safeguard. It also acts as a cumulative bonus in case of high cost of medical expenses.
In a health insurance policy, consumable coverage provides financial protection for single-use medical equipment used by surgeons during treatment. This coverage includes disposable medical aids that are intended to be thrown away after use. When these consumable items are required for the treatment of the patient during his stay in the hospital, the respective cost is directly deducted from his hospital bill. However, some insurance companies may include coverage for these consumable items in their health insurance plans.
Apart from providing financial guarantee for the consumables, availing a consumables policy along with your health insurance plan offers a host of benefits such as-
comprehensive coverage
Many times such expenses incurred during hospitalization are not included in the health insurance plan, which do not seem very big when seen separately. However, when they are seen in total, they come out as a substantial bill. These bills increase especially when the patient’s stay in the hospital is too long. Therefore, if you have a consumable cover, then you can include these additional expenses in your cover.
financial responsibility
There are many consumable items that are destroyed or thrown away on a daily basis. Often the burden of buying these essential medical supplies falls on the patient himself. However, after taking the consumable cover insurance, the cost of such items falls on the insurance company. Due to which the financial burden on the patient is reduced.
Enhanced Care Assurance
With the purchase of a consumable cover, patients do not need to make every payment directly out of their own pocket. This trust helps surgeons and doctors take precautionary measures in advance for their patients, while also ensuring that the best possible care is provided throughout the treatment.
By opting for consumables coverage, the policyholder gets comprehensive protection, financial relief as well as the assurance that the care he is receiving will be of quality.
What is included in the consumable coverage?
Consumable coverage Many types of consumable items are included under the health insurance policy. Here are the names of many devices which are covered.
These include administrative charges, housekeeping materials, room expenses, surgical equipment etc. Therefore, it is very important that you understand all the things about your particular policy and check the complete list of all the consumable items that are included in your coverage.
What is the importance of the benefits of consumable coverage in health insurance?
Consumable items can form a substantial portion of a patient’s hospital bill. Depending on the type of service you avail, their cost can be around 5 to 15 per cent of the hospital bill. However, now you have a chance to avoid such expenses by adding a small add-on rider to your health insurance plan.
By opting to add these consumable benefits, you can reduce the expenses related to consumable items, even in case of prolonged hospital stay. This rider comes at a minimum cost of the actual cost of the consumable items.
Tata AIG Medicare has recognized the importance of including such benefits in the policy. That’s why instead of having to choose add-ons separately, they provide you health policy as well as consumable benefits as an inbuilt feature. Their comprehensive coverage not only covers all consumable expenses related to the patient’s medical and surgical needs but also extends to over 540 different daycare procedures, high-end OPD tests and vaccination benefits.
Lastly, it is important to know that consumables are very important items that play an important role in medical treatment. By availing add-on cover, policyholders can reduce worries about significant additional costs. Insurance companies bear the expenses associated with the one-time use of the equipment. Furthermore, it reduces wastage of equipment by covering number of consumable items used during treatment and hospitalization.
Thus before choosing a health insurance policy, you must ensure that it covers these essential items and a few more, so that you are not surprised with hospital bills that exceed your expectations .
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