Confused about purchasing health insurance for a rare condition? Here’s a quick guide 28th March 2023
Health is one of the best gifts that one can have. You need to safeguard and protect your health at all times. You might always wish to avoid diseases and adapt to a healthy lifestyle. But unfortunately, you might be diagnosed with illnesses beyond your control. One such disease refers to a rare condition.
The World Health Organization (WHO) states few people suffer from this condition. It affects one person per 1000 individuals in the world. These rare diseases are usually genetic. They are mostly innate and present right from childhood.
Rare diseases can be fatal. They can get worse if the treatment is not provided on time. Usually, treating such rare diseases is expensive and possible only at limited hospitals. Having health insurance will aid you in covering all the costs. But does it cover your rare condition? To find out, read on!
Also, remember you should always renew health insurance online on time before it expires. If you do not, you can lose access to the basic facilities of your health insurance.
What are some common rare conditions? You may find it difficult to understand if your disease comes under a rare disease or not. To help you, we have listed some of the most common rare conditions. They are as follows:
● Sickle Cell Anemia
● Gaucher Disease
● Hurler Syndrome
● Cystic Fibrosis
● Maple Syrup Urine Disease
● Haemangioma
● Tyrosinemia
● Haemophilia
● Osteopetrosis
● Wolman Disease
Are rare conditions covered under health insurance in India?
Yes, many insurance companies in India do cover rare conditions. Regardless of the disease's cause, symptoms, and status, these rare conditions are covered by health insurance companies. The treatment expenses are thoroughly covered under the insurance policies. The right policy will provide you compensation for all the medical expenses. Be it surgery costs, medicines, diagnostic tests, hospitalisation fees, therapy, and post-surgery care, among others. It also covers daycare treatments if they are valid.
However, all this can be done only if you apply and opt for the best insurance policy for yourself. They should cover all the costs. It generally depends upon your budget. Mostly these insurance covers come with a high premium to make up for the costs.
The coverage of rare health conditions can vary from one insurance company to another. You must thoroughly check the list of rare conditions before signing up for any of this insurance. Visit the websites of different companies and check for online reviews before buying. You should also check the premium before investing.
What is the waiting period for health insurance coverage for rare conditions?
Generally, you need to wait for at least 30 days for any health insurance plan to provide adequate coverage. But the scenario is completely different in terms of rare conditions. You may need to wait at least 2 years to get the benefits of the health insurance you have opted for. It is because the coverage is mostly larger than other insurance. This also means the insurance will be renewed twice before you get any compensation. You should renew health insurance online and prepare in advance to get the compensation.
You must develop a habit of getting regular full-body check-ups to detect any abnormalities in advance. Do not ignore persistent symptoms. Consult your doctor if you feel sick. Dealing with a rare condition is already tough. Without proper health insurance, the battle can be extremely difficult. You should opt for the most suitable insurance to get adequate benefits when required. This way, you can avoid financial stress and focus on your health, treatment, and recovery.
Click HERE to renew health insurance online.
Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.