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Access to network and non-network hospitals has become important recently. The pandemic has highlighted the need for a healthcare policy that safeguards you and your family against rising medical bills. Since many employees cannot afford to pay the medical insurance premiums, employers can purchase group health insurance to ensure that proper healthcare facilities are available to their employees when the need arises. Typically, a medical insurance policy allows you to get treatment from any hospital…

All about cash deposit balance. Be it travelling for official purposes or personal reasons, outings with team members, or dinners with family, health concerns may arise at any time. However, if your employer covers you through a group health insurance policy, you need not worry about hospitalization expenses. A group health insurance policy is provided as a prerequisite at the time of joining. However, have you ever wondered how the employer offers group health insurance…

Startups today operate at a shoulder-to-shoulder level with big corporations when it comes to providing the right benefits to their employees. One such popular fringe benefit is Group Health Insurance, which helps small businesses and startups to remain attractive and competitive despite the presence of larger players in the market. Besides helping meet the empathetic expectations of the employees, a group health insurance plan assists startups and newly-launched ventures in keeping their productivity levels high,…

Undoubtedly πŸ’‘, healthcare bills have the caliber to drain all your savings. Keeping in mind the rising costs of hospitalization πŸ₯ and medical care πŸ’‰ as well as the life risk presented by the pandemic 😷, getting health insurance cover is your best bailout bet. It not only guarantees hassle-free healthcare facilities but also ensures that your hard-earned money is protected in times of distress. Therefore, you must increase your health insurance cover. Why? It…

The current pandemic situation across the globe has made us all realize the importance of having adequate long-term health insurance. With the skyrocketing medical inflation, medical emergencies of any kind can leave a huge dent in your pocket in no time. Accessing a good health care facility and getting the right treatment at the right time without any financial roadblocks require you to have adequate health coverage. It is not just important but highly necessary…

Modern technology 🌐 has quickly transformed the insurance industry over the last decade. Now, you can find almost all insurance companies online and choose from the range of products that they offer. This has made it easy to buy online health insurance πŸ’». Do you remember the days when policies were sold by insurance agents? They used to earn big commissions against each policy sold by them. This was the traditional insurance model. The agents…

As the name suggests, a copay in health insurance means that the insurer and the insured jointly bear the health expenses. To a certain percentage of the sum assured, the insured is liable to spend money from his/her pocket. This concept is relatively new in the health insurance industry. Hence, you need to carefully read the policy terms and conditions to ensure that your interests are not hurt at the cost of this copay clause…

Daycare treatment in health insurance is a medical marvel in today’s day and age. Gone are the days when you would have to get hospitalized for even minor surgeries. Due to advancements in medical treatment, and good quality access to hospitals, specific surgical processes can be conducted by doctors within a period of 24 hours (at times, even within a few hours). Such kinds of medical procedures that take less than 24 hours to be…

Tax benefits under group health insurance can be availed for employers as well as employees. Know all about tax deductions under group health insurance. Tax benefits in group health insurance plans are one of the most popular and lucrative components of corporate-sponsored healthcare. Here is why: Employees need not pay for the group cover (for themselves and their families) as the employer bears the entire cost.Group insurance cover makes the employer eligible for saving tax.Due…