Insurance Awareness - Health Insurance
Which of the following best describes the concept of 'cashless treatment' in health insurance?
Which of the following best describes the concept of 'cashless treatment' in health insurance?
medium Q6 of Q15
Step-by-Step Solution
Step 1: Understand cashless treatment
Cashless treatment allows the insured to get medical treatment at network hospitals without paying upfront; the insurer settles the bills directly.Step 2: Analyze options
The insurer directly settles the hospital bills with network hospitals without upfront payment by the insured correctly describes cashless treatment. The insured pays the hospital bills upfront and gets reimbursed later describes reimbursement, The insured receives a cash amount equal to the sum insured after hospitalization describes a lump sum benefit, and The insurer pays the insured a fixed amount regardless of actual medical expenses describes fixed benefit plans, none of which are cashless treatment.Final Answer:
The insurer directly settles the hospital bills with network hospitals without upfront payment by the insured → Option BQuick Check:
Cashless treatment means no upfront payment by insured at network hospitals, confirming The insurer directly settles the hospital bills with network hospitals without upfront payment by the insured.
Quick Trick: Remember cashless means insurer pays hospital directly.
Common Mistakes:
MISTAKES- Confusing cashless with reimbursement claims.
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