Not Found
Suggestion
- Experiment with various terms
- Experiment with various terms
- Experiment with various terms
Search Not Found
Try Searching
Not Sure
Assist Heading
13165151351351
Not Found
Suggestion
Search Not Found
Try Searching
Not Sure
Assist Heading
13165151351351
For a considerable time, mental health received little attention in several regions, including India, even though a significant portion of the population grapples with mental disorders. Recently, a notable transformation has taken place as an increasing number of individuals, including public figures, have openly addressed their mental health concerns. This shift in perspective has had a considerable influence on how society perceives and treats mental health. One sector that has witnessed a positive transformation due to this shift is the landscape of health insurance.
In the past, health insurance only covered physical ailments, leaving out mental health issues. But the Mental Healthcare Act of 2017 brought a significant change. This law recognises the importance of mental health and requires health insurance policies to include mental health conditions just like physical ones. This article delves further into this topic.
What is a Mental Health Insurance?
Mental health disorders encompass a range of conditions that significantly influence an individual's daily functioning and decision-making. These conditions can substantially affect one's mood, cognitive abilities, perception, orientation, and memory. Fortunately, these challenges can be addressed and treated with the guidance of a mental health professional. Mental health insurance is designed to cover these mental disorders, providing individuals with access to timely expert assistance. The scope of coverage, whether inpatient or outpatient treatment, is contingent upon the specific mental health insurance policy selected.
What is Covered in Mental Health Insurance?
The extent of coverage for different mental health conditions can vary from one insurer to another. Specific illnesses such as schizophrenia, bipolar disorder, psychosis, and depression may be subject to limits on inpatient hospitalisation coverage, depending on the health insurance provider. It's advisable to choose health insurance plans that offer more generous sub-limits to ensure comprehensive treatment access. Additionally, sub-limits might also apply to outpatient department (OPD) coverage.
Some mental health conditions may require hospitalisation for more effective treatment and quicker recovery. Fortunately, your insurer shoulders the financial burden of medical care, providing peace of mind and enabling access to top-tier medical assistance without financial worries.
What is not covered in Mental Health Insurance?
· The following are common exclusions on health plans:
· Mental disorders resulting from substance abuse.
· Mental retardation.
· Waiting periods (which can extend up to 2 years).
· Some mental health plans only provide coverage for hospitalisation expenses.
· Certain plans may exclude recurrent mental illnesses
Check out these three health insurance covers that we offer:
Benefits of a Plan with Mental Health Covered
Incorporating mental health coverage within health insurance plans offers a multitude of benefits, ultimately contributing to a more holistic and comprehensive approach to healthcare.
First and foremost, it destigmatizes mental health issues, recognising them as genuine medical conditions. This acknowledgement reduces many individuals' reluctance when seeking mental health care and promotes early intervention and treatment.
Financial relief is another significant advantage. Mental health treatment can be costly, and including it in insurance coverage ensures that individuals don't face financial barriers to accessing the care they need. This not only supports the well-being of the insured but also reduces the overall societal burden of untreated mental health issues. Furthermore, comprehensive mental health coverage promotes preventative care. Regular check-ups and early intervention can mitigate the severity of mental health conditions, potentially averting more extensive and expensive treatments in the long run. When mental health is treated in conjunction with physical health, it often results in more effective and holistic care, yielding better outcomes for patients. Employees and community members are more likely to seek help when it is accessible through their insurance, contributing to healthier, happier, and more productive individuals.
Incorporating mental health in health insurance coverage is a vital step towards a healthier, more compassionate society, benefiting individuals and society as a whole.
In the wake of the COVID-19 pandemic and its aftermath, a significant increase in post-traumatic mental illnesses such as anxiety and depression has been observed. The physical distance from loved ones and the pervasive isolation brought on by the pandemic have profoundly impacted the general population. Consequently, an increasing number of individuals are awakening to the importance of addressing mental health concerns seriously to ensure that people can lead healthy, fulfilling lives.
It is imperative that we acknowledge the critical significance of mental health and collaborate to establish communities where individuals can readily access essential services, treatment, and support when required. Therefore, understanding the importance of mental health and actively caring for it is essential.
Health insurance plans are a beacon of light during medical emergencies as they open your doors to a network of hospitals and healthcare providers. However, what's striking...
Read MoreThat our relationships are the basis for the most beautiful moments in our lives is just as true during the bad times as it is during the...
Read MoreFor a considerable time, mental health received little attention in several regions, including India, even though a significant portion of the population grapples with mental disorders. Recently,...
Read MoreThe new bug in the health landscape Cancer, a formidable adversary to health, knows no boundaries and is affecting individuals across the globe. Cancer diagnosis and treatments...
Read MoreThe COVID-19 pandemic became an unwarranted pause in our lives - forcing us to examine our health and wealth. Many of us questioned our preparedness for the...
Read MoreThe income tax in India applies to individuals and businesses based on a slab system. India follows a progressive tax system that enables high-income people to pay...
Read MoreWith the rising inflation in the healthcare sector, securing yourself and your family is becoming more challenging day by day. However, health insurance comes as a rescue....
Read MoreThrough the Income Tax Act of 1961, qualified taxpayers can deduct specific amounts from their annual income, therefore lowering their overall tax obligations. Section 80DDB of the...
Read MoreWhat do you know about bereavement leave? You might have heard of ‘dependant leave’ or ‘compassionate leave’, but if you plan to take time off work to...
Read MoreThe modern lifestyle has already been increasing children’s exposure to unhealthy foods and habits. Now, school closures and lockdowns due to the Covid-19 pandemic mean regular playing,...
Read MoreIf you are embarking on the journey of acquiring a health insurance plan, it is advisable to set your sights on a policy that not only offers...
Read MoreAre you worried about reaching the maximum benefit limit of your health insurance plan? Introducing restoration benefits – a game-changer that allows you to unearth the full...
Read MoreTax saving is an important aspect of financial planning, and as you start getting into the higher tax slabs, it becomes important to understand this better. By...
Read MoreWhen you go to a hospital, doctors often ask you about the medical history of the patient. Some details are easy to remember, while some details become...
Read MoreThis essential guide navigates the complex world of health insurance for pre-existing conditions. It defines pre-existing diseases, explains their impact on insurance policies, and highlights the importance...
Read MoreDepression affects over 300 million people globally, and with our constantly-on world, countless social media apps, and fast pace of life, young people are more likely to...
Read MoreLife has a way of throwing curveballs when we least expect it. One minute, you're on top of the world; then, suddenly, a medical emergency might wipe...
Read MoreFeeling blue from time-to-time is a normal part of life. But it’s very different to depression, which can make you feel sad for weeks or even months,...
Read MorePost Traumatic Stress Disorder (PTSD) is not something we usually talk about in everyday conversation. PTSD is most associated with soldiers returning from conflict or people who...
Read More