When one gets sick or injured, one is taken to the hospital. Sometimes, these hospital visits require overnight stays that require you to book rooms. Every hospital charges a specific amount in rent to book the room. This rent varies depending on the room and the services.
There is a feature in health insurance that covers this room rent*. But what occurs when a health insurance claim exceeds the room rental limits? Get the most out of your cashless health insurance plan by learning the dos and don’ts of policies with room rent limits.
Do’s and Dont’s:
- The functioning of hospital charges and room rent limits
Hospitals charge different amounts for the same services based on the type of room you choose. There might be other extra hospital costs incurred. There could also be additional charges for the room. Insurance companies may not consider any costs outside what your insurance makes you eligible for.
- Neither the hospital nor the hospital room are your choice
Most of the time, neither the hospital nor the hospital room are your choice. You would undoubtedly rush to the closest hospital in an emergency. If the hospitalisation is planned, the surgeon or doctor may have a say in the decision. Additionally, you might not have a choice in the category of rooms. The hospital might not have a room available at your qualified room rent limit, and you might be required to accept a more expensive room.
- Take inflation Into account
A private room at a good hospital would cost Rs. 5000 in room rent now, but with a modest 10% inflation rate, getting a shared room at Rs. 1928 per day would be pretty difficult. You won’t be able to afford a general ward in another ten years!
- Room rent limits and Cumulative Bonus (CB)
Since the room rent limit is tied to your base sum insured rather than your CB, it remains constant even if your aggregate cover is enhanced due to the CB.
Your limit on the actual room rent may determine the eligibility of your claim, except for medicines, reports, diagnostic bills, etc., which are paid at the Maximum Retail Price or MRP.*
It is wise to opt for cashless health insurance. There are also various health insurance plans for family that you can opt for instead of an individual plan.
Here are a few faqs:
- What health insurance room rent limits exist?
The insurance provider may cover the total hospitalisation expense for the qualifying room borne by the policyholder for policies without a cap on hospital room rent. The policyholder only needs to provide the required documentation, such as medical bills, diagnostic results, and doctors’ prescriptions, to verify their costs.
- What does health insurance room rent capping mean?
Room rent capping is a cap on how much an insurance company will pay for hospital rooms. The insurance provider must pay the additional cost and any related charges.
- What does it mean when your health insurance has no rent cap?
This indicates that you are free to stay in any type of hospital room without considering the maximum allowed room rent.
- Is the cost of a private room covered by health insurance?
Yes, private rooms are covered by insurance companies. However, the coverage is only offered if it is stated explicitly in the policy.
- What does it mean to have a single private room?
A single private room is a single-occupancy hospital room for which the insured is solely covered up to the policy’s stated sum insured.
* Standard T&C Apply
‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale. ‘