The cost of cardiac care is increasing at an alarming rate. In the last 5 years, the cost of a coronary angioplasty has increased manifolds. The cost of open-heart surgery has also gone up by more than 100%. People are becoming more prone to cardiovascular problems as we live through lifestyle-related problems and air-borne diseases. A cardiac care health insurance policy saves you from the rising medical costs and provides financial security. Cardiac health insurance covers the cost of heart-related medical treatments and procedures. This can include doctor visits, hospital stays, surgeries, and prescribed medicines. Some policies may also cover preventative care, screenings, rehabilitation and counselling services. Cardiac health insurance comes with a maximum limit on the amount that the insurer will pay when the high-cost treatments are required.
Why is Cardiac Care Health Insurance Required?
Cardiac health insurance is an important tool for patients with heart-related health problems. If you have suffered a heart attack or have high-cholesterol difficulties and you are paying for expensive clinical treatments, cardiac health insurance can help you afford the medical care you need.
Most cardiac patients opt for this insurance as it offers:
Wide Coverage and Better Benefits
Policyholders get coverage for almost all heart-related treatments and surgeries. The benefits provided by these policies help you in getting the best possible care.
Option to Get Customised Cover
You can customise your plan and get a higher coverage limit as per your need. You can also add riders to your policy to get additional benefits.
The premiums of cardiac health insurance policies are affordable as compared to the extremely high costs of the treatment. It is better to pay the premium and have the medical coverage handy.
Advantages of Cardiac Care Health Insurance Policies
It helps to cover the costs of all kinds of cardiovascular treatments for heart patients, such as day-care treatments, angiography, heart surgery, bypass or stenting.
Knowing that you have cardiac health insurance can help ease any anxiety about the costs you have to incur during treatment. It also ensures getting timely treatment in the network hospitals.
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Key Features of Cardiac Care Health Insurance
Cardiac health insurance comes with the following standard features:
Coverage for End-to-End Hospitalization
All kinds of hospitalization charges incurred during cardiovascular treatments are covered by cardiac health insurance policy.
Lump-Sum Reimbursement of Sum Insured
The policyholder can claim the total sum insured in case he/she is diagnosed with a cardiac disorder that may require long-term, expensive treatment.
Loss of Income Cover
As the policyholder is diagnosed with critical heart disease, they may lose their ability to earn. Cardiac health insurance provides coverage for loss of income, helping the insured to pay for day-to-day expenses.
Treatment Taken in Foreign Hospitals
Some cardiac insurance policies offer coverage for the treatment taken in specialised overseas hospitals. It is important to look for this provision while purchasing the policy.
As per Section 80D of the Income Tax Act, 1961, policyholders enjoy the tax benefits on the premiums paid, which is up to Rs. 25,000 for all kinds of health insurance policies, including cardiac care plans.
When you're ready to purchase cardiac health insurance, be sure to compare plans offered by various insurance providers. This will help you find the best coverage for your needs at the most affordable price.
At SMC, we help you to compare cardiac care health insurance plans and find the perfect one for you. Give us a call today to learn more.
Cardiac Care Health Insurance Benefits
No matter how well one takes care of their heart, one is always prone to heart-related ailments due to erratic lifestyles and sudden pandemic situations. Following are some of the benefits of having cardiac health insurance:
Hospital Cash Benefit
This rider gives you a daily allowance for the no. of days you are hospitalised. This daily allowance can cover food, travel, lodging, etc.
If you wish to port your policy from one provider to another, you can retain the benefits as it is.
A good cardiac health insurance policy will have a provision for lifetime renewability. It means that you can continue the policy at any time, regardless of changes in your health condition.
What is covered under Cardiac Care Health Insurance?
Here are some coverage perks you may get under cardiac health insurance plans:
Coverage for In-hospitalisation Expenses
These are the hospital expenses, including treatment, medicines, ICU, and related expenses. These are paid by a cardiac health insurance plan, depending on the facility where the treatment is administered. It is always advisable to get the treatment at one of the network hospitals of the insurance provider.
Pre and Post-hospitalization Expenses
These medical expenditures are covered by regular health insurance and cardiac insurance plans too.
Domiciliary Hospitalisation/ OPD Treatment
Your cardiac health plan will also cover the costs involved with the homecare treatment in case of doctor recommendations.
Myocardial Infarction (First Heart Attack) Cover
The majority of heart insurance plans cover the cost of first hospitalisation and treatment for a heart attack if a blood flow obstruction to the heart causes damage to the cardiac muscle. Clinical symptoms such as chest discomfort, acute myocardial infarction, electrocardiogram, or other biochemical indicators may all aid in diagnosing myocardial infarction.
Refractory Heart Failure
This is covered only if a cardiologist has performed the evaluation or the report shows abnormal biomarkers, as defined in the policy language.
Annual Cardiac Health Check-ups/Wellness Program
Premiums for heart patients are higher, but their health insurance plans cover most of the medical expenses. Heart patients may obtain additional benefits from their policy, such as annual check-ups which will help them to determine if they need surgery or not.
Heart patients can also avail benefit from hospitalisation, medical care, and alternative medical therapies, including Ayush treatment, homoeopathy, Unani, Siddha, and Ayurveda treatments.
What is Not Covered under Cardiac Care Health Insurance?
Here are some coverage perks you may get under cardiac health insurance plans:
Health insurance companies often do not cover experimental procedures or treatments. If your doctor recommends an experimental treatment for your heart condition, you may have to pay for it yourself.
If you receive care from a doctor or hospital which is not in your health insurance company’s network, the insurance company holds the right to deny the claim. This will be based on your actual agreement with the company depending upon the terms and conditions specified in your plan.
Your health insurance plan may not cover some unapproved medications used to treat heart conditions, and this means that you may have to pay for these medications yourself. Please read the documents carefully before buying cardiac health insurance plan.
Self-inflicted Injury/Suicidal Attempts
If the heart patient harms himself/herself, the resulting injuries will not be covered under cardiac health insurance.
If the cardiac patient is hospitalized due to the excessive consumption of drugs or alcohol, the policy company will not pay for the medical expenses.
Internal Congenital Disease
Any internal disorders present in the heart patient by birth are not covered by cardiac health insurance.
Best Way to Claim Cardiac Care Health Insurance 2022?
If you are looking for the best way to claim cardiac care health insurance for 2022, you need to look for a suitable policy from one of the top cardiac health insurance providers in India. This is the best way to ensure the coverage you need in an emergency. We at SMC Insurance can help you find the right policy.
Documents Required to File a Claim
It is important to know the smooth execution steps of the claim process when you have a heart attack and need the sum insured. In general, you will need to provide the following documents:
- copy of your health insurance card.
- The name of your health insurance company
- Your policy number.
- The name of the doctor who treated you.
- The date on which you got the heart attack
- The treatment that you received.
- Hospital bills Proof of payment (if applicable)
Contacting Your Cardiac Care Health Insurance Company
Once you have been treated for a heart attack, it is important to contact your health insurance company as soon as possible. This will allow them to start the claim process and ensures that you get the best possible coverage.
Why Should I Opt for a Cardiac Care Health Insurance?
There are many reasons you should consider opting for a cardiac care health insurance policy. Here are some of the key benefits:
One of the key benefits of opting for a cardiac care health insurance policy is that it offers you global coverage. This means that you can access medical treatment for your cardiac condition, no matter where you are in the world.
Another key benefit of a cardiac care health insurance policy is that the premiums are typically lower than for other types of health insurance policies. It means that you can get comprehensive coverage for your cardiac problem at a lower cost.
When you opt for a cardiac care health insurance policy, you are assured of best service. It means that you will have access to the best medical professionals and facilities if you need to claim on your policy.
One of the key benefits of a cardiac care health insurance policy is that there is usually a very short waiting period before you can start to make claims. You can get immediate protection for your cardiac condition.
SMC helps you compare cardiac care health insurance quotes and find the best policy for your needs. We work with the top insurance providers to ensure that you have access to the best coverage possible.
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When Should I Buy a Cardiac Care Health Plan?
If you have a pre-existing heart problem, it is important to buy a cover plan immediately. You may not need much coverage if you are young. However, if you smoke, you will need a comprehensive cardiac care health cover plan. You must be able to afford the plan and pay the premiums timely, which is more likely if you are employed and have a secured job. Ultimately, the best time to buy a cardiac care health plan depends on your circumstances. Do you need the best advice on how, when, and why to purchase a cardiac care health insurance plan? SMC is here at your service.
- Is angioplasty covered in heart health insurance plans?
Yes, angioplasty is covered in heart care health insurance plans.
Which health insurance is best for heart patients?
Heart patients can choose from several health insurance programs that provide coverage for heart disease. You may purchase a cardiac insurance policy or a critical illness policy with heart insurance coverage.
Is a pacemaker covered under cardiac health insurance plan?
If a permanent cardiac pacemaker is required to treat serious heart arrhythmia that cannot be treated otherwise, it is covered by Cardiac health insurance. A medical specialist must certify the installation of the cardiac pacemaker.
What is the right age to start a savings plan?
There are sub-limits under cardiac health insurance plans, but they differ based on the insurer and policy plan. Please verify the terms of your cardiac health insurance policy before purchasing to see if any limits apply.