Health Insurance Coverage for Modern Treatments

Imagine a world where deadly diseases can be cured for good. A place where lifelong conditions like chronic asthma and cancer can finally be resolved.

This has become our reality today with the evolution of modern treatment.

Yet, a major hurdle in availing these procedures is the costs associated with them. Thankfully, several health insurance plans in India now cover these new age treatments under their policy. This is why it is important to understand the range of modern treatments available under your health insurance plan.

List of Modern Treatments Covered in Health Insurance

Since new-age treatments use ultra-advanced medical technologies featuring high-end equipment, they may be expensive. However, it is now feasible to mitigate this financial pile by availing health insurance coverage for all modern treatments. The best health insurance plans in India cover modern treatment list, including:

• Bronchial Thermoplasty
• High Intensity Focused Ultrasound
• Robotic Surgeries
• Uterine Artery Embolisation
• Oral Chemotherapy
• Balloon Sinuplasty
• Intra Operative Neuro Monitoring
• Deep Brain Stimulation
• Intravitreal Injections
• Immunotherapy
• Stereotactic Radio Surgeries
• Prostate Vaporisation
• Stem Cell Therapy

When researching, compare health plans on the internet carefully based on their quotes, prices, coverages, etc. If your policy does not mention the benefits separately, make sure to consult your insurance provider.

Why Is It Needed?

India’s public expenditure on healthcare jumped from 1.6% of the GDP in 2021 to 2.1% in 2023. As healthcare progresses through technologies like VR/AR, robotics, and artificial intelligence, modern treatments become more expensive.

The large-scale availability of health insurance in India covers such treatments and provides the following benefits for additional support:

• Offering hospitalisation cover.
• Ensuring treatment as per the latest and best healthcare advancements.
• The insured does not need to undergo a separate waiting period of 30 days.
• Making modern treatment affordable.

Limitations in Modern Treatments Coverage

The limits in modern treatment coverage cap benefits for specific treatments or conditions. If you are unaware of these financial limits, you may have to pay a huge amount of your medical bill at the time of claims. So, understand these when buying health insurance plans in India. 

Some limitations that you need to be aware of include:

• 24 hours of hospitalisation or more is necessary to be eligible for modern treatment coverage.
• Modern treatment required should be prescribed in writing by a doctor and should be deemed necessary.
• Different insurance providers may have varied conditions to be met for the latest treatments to be covered under a health insurance plan.

Impact of Modern Treatments Coverage on Health Insurance Premium

As the cost of new age treatment increases, insurance companies pay more to cover these costs, resulting in higher insurance premiums. Nevertheless, with healthcare providers introducing newer services every day and insurance companies focusing on improved customer services, health insurance premiums will probably go down if you choose the right provider. 

How Do You Evaluate the Coverage of Modern Treatments While Buying a Policy?

Here are some of the important factors to consider when evaluating the coverage of modern treatments in a health insurance policy:

• Check the policy wording to determine if modern or new-age treatment is covered. 
• Check if there are sub-limits on any or all the modern treatments specified in the plan.
• Look for add-on covers, like extra financial assistance to meet rising inflation or healthcare expenses and lower premiums. 
• Check if the policy will cover the pre- and post-hospital expenses associated with modern treatments. 

Who Should Consider Health Insurance with Modern Treatments Coverage?

Every individual requires health insurance, but those with a family history of severe medical conditions are the best candidates for plans covering modern treatments. Besides, if you are 40+ years old and make bad lifestyle choices (like alcoholism and unhealthy food habits), you may need modern treatments in the future. 

Key Takeaways

Awareness of modern treatments has increased, and they have replaced traditional treatments in many rural and urban regions. Therefore, insurance companies now offer health insurance plans covering such treatments, ensuring you get the best possible healthcare within your limited budget. Additionally, with platforms such as PhonePe, managing your health insurance policy becomes even easier!