How to deal with medical bills that exceed your insurance cover?

Even if you have health insurance, you may need to shell out money from your pocket to cover any medical bills that are significantly higher than your policy cover. This article discusses various strategies to help you avoid such a situation and guides you on how to get the most out of your health insurance policies.

With sedentary lifestyles and increasing stress levels fast becoming the norm, the need for health and medical insurance is indisputable. Healthcare costs are skyrocketing every year, so it makes a lot of sense to be prepared financially for a medical emergency. However, as per the latest data, it has come to light that many individuals are finding it hard to bear medical expenses despite having a health insurance policy.  Even assuming that an average individual has a policy cover of Rs 3 lakh to Rs 5 lakh, several treatment costs in hospitals can easily exceed this figure. Take, for example, the average cost of bypass surgery in a major metro city in India. This can cost between Rs 2.5 lakh and Rs 6 lakh. A kidney transplant can set you back by Rs 3.2 lakh to Rs 14 lakh. Similarl...

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