Health Insurance Experts Blog

Creation of a Health Fund for Medical Emergencies in the Cashless Chaos

Medical exigencies and an empty wallet When faced with a medical emergency, you pay cash or use your credit card, instead of asking why the hospital is not accepting your cashless medical insurance. This is exactly what harassed consumers found out when health insurance companies recently stopped cashless treatment making customers pay first and then get reimbursed. Health insurers blamed private hospitals of inflating bills that were . . .

Are uniform rates for Medical procedures plausible for Insurance Claims?

Cashless mediclaim policy Pvt hospitals seek government help The association of private hospitals have sought state government’s intervention to settle the ongoing dispute with insurance companies over cashless mediclaim policy. The association, which includes hospitals like Jalok, Breach Candy, Hinduja and Hurkisondas, has said that the demands of uniform rates for medical procedures that had been put forth by insurance firms were not plausible. “Rates differ according to available . . .

Insurance Cos. give deadline to Large Hospitals for standardizing rates for cashless claims

10-day time limit for hospital NEW DELHI: The standoff between insurance companies and private hospitals over cashless treatment continues, defying hopes of millions of Mediclaim policy holders for an early resolution. The four major public sector health insurance companies, which control 80% of the business, have now set a 10-day deadline for four major chains of hospitals — Apollo, Fortis, Max and Medanta — . . .

Health Insurance Companies to extend cashless facility in emergency and trauma cases

Health Insurance Companies to extend cashless facility in emergency and trauma cases MUMBAI: In a major relief to health insurance policy-holders, public sector insurance companies have announced that cashless treatment will be extended to all hospitals in emergency and trauma cases. During a healthcare meeting with the Confederation of Indian Industries (CII) in New Delhi on Friday, New India Assurance Company chairman M Ramadoss said a patient who requires emergency and . . .

Feasibility of Health Insurance Companies buying equipment directly?

Insurers to buy equipment MUMBAI: After curtailing the list of hospitals eligible for cashless mediclaim, public sector health insurance companies are going further by proposing to order and pay for medicines and medical equipment themselves. They claim the move would help reduce the cost of medication and equipment by at least 20-30% in cashless claims, as hospitals are overcharging for the same. The . . .

Want to know your renewal premium? Ask your astrologer

Courtesy the insurance companies, the malaise that was until recently the exclusive preserve of senior citizens has now become universal in its applicability. I am talking about the vagaries of what you may be called upon to pay as renewal premium on your health insurance policy. In case of senior citizens, every renewal has, for quite some time now, become a hurdle. . . .

Cashless Chaos: Making Sense of it All

Cashles Chaos: Making sense of it all News Flash:  “The General Insurance Public Sector Association consisting of four major state-run insurance companies - United India, New India, Oriental Insurance and National Insurance have decided to stop cash-less hospitalization in most hospitals” Shock and outrage are the two words that describe the reaction of most of the customers and media reports on this piece of news.  We demanded to . . .

Medimanage Opinion: 50% Extra Premium on Mediclaim for treatment at high-end Hospitals

50 % extra premium to get treatment at high-end hospitals You might have to shell out 50 per cent extra premium to get treatment at the country’s high-end hospitals. Following the uproar over withdrawing cashless health insurance claims from high-end hospitals, state-owned non-life insurers are working on a product with differential rating that will bare the expenses of the top hospitals. The four insurers – New India Assurance, United India Insurance, National . . .

PSU Insurers: Fix rates or get delisted from our Cashless Network.

Insurers may expand the list of hospitals for cashless facility. NEW DELHI: Locked in a battle with big healthcare firms over censoring cashless health insurance claims, state-run insurers on Thursday asserted that the facility would be extended only to those hospitals that agree to their rates for medical expenses. "The purpose of working out such package rates and stabilising the hospitalisation costs, will benefit the insured in many ways," . . .

How will Common TPA for PSU Insurers impact consumers and health insurance industry?

Recently, we came across news in an online Publication, in.news.yahoo.com Common TPA to process the health insurance claimsRecently, we came across news in an online Publication, in.news.yahoo.com Chennai, July 11 (IANS) The four government-owned non-life insurers -- National Insurance, New India Assurance, Oriental Insurance and United India Insurance-- will soon be taking forward their idea of floating a common third party administrator (TPA) to process the health insurance claims. 'We will be issuing a Request for Proposal (RFP) shortly. . . .

RecentComments


SUPER SERVICE
Category
Medimanage in News