Statistics show that medical care costs are at an all time high and they are likely to keep going up. Unfortunately, medical emergencies can hit anyone at anytime and these can leave you drained both emotionally and financially. This is why health insurance is important; it can relieve your financial woes in the event that a costly operation is needed.
However, many people are still having to pay for all or a greater share of their health care expenses because they don’t have medical insurance. If you’ve ever had to pay thousands of dollars in hospital bills, you ought to pay attention to an article on The Economic Times, which talks about additional benefits that aren’t usually discussed:
Daily hospital cash allowance
All health policies take care of the cost of hospitalization. However, what about the expenses incurred on, say, food or refreshments? Or, the money spent by your family while commuting between hospital and home? After all, even these add up to a substantial amount. Well, the solution lies within your policy in the form of Daily Hospital Cash Allowance. Check if your policy offers this pre-fixed, per-day cash hand-outs…
Hospitalization costs apart, some companies also take care of the insured’s recovery expenses. Also termed as recuperating benefit, this feature promises a lump sum in case of a prolonged stay at the hospital. “The duration of prolonged stay usually varies between 7 and 10 days among policies.
This benefit is usually provided to ensure supplementary costs due to the stay in hospital, such as a loss of income for the number of days in hospital…
Since health risks are always a concern and costs are rising, members of your company or organization should be covered by group health insurance in Virginia, Maryland, or other states across the country. Moreover, it ought to include the benefits mentioned so that you can get more for your investment. Being under a group policy spreads the risk out to everyone included rather than just to one person, so the financial burden is lighter on each individual.
If you want to learn more about the benefits of group health insurance in Maryland, you should contact Financial Brokerage Services. They’ve been providing affordable and reliable health insurance plans to DC, Bethesda, Arlington, and Herndon residents for more than 30 years so you can be assured that they have your best interests at heart.
(Article Excerpt and Image from Seven little-known benefits your health insurance policy lets you avail of, The Economic Times)