Wednesday, September 17, 2014

Importance of Medical Tests Before Buying Medical Insurance



A commonplace advertisement from insurance companies is 'no medical tests required to purchase an insurance policy'. People are attracted to the convenience of no-test policy compared to the one that requires all medical tests. But is it really right to purchase a policy without knowing your health condition?

Every individual going to buy an insurance policy whether health or life insurance needs to undergo medical tests as prescribed and should be aware of his health condition. This article discusses the importance and reasons for getting an insurance policy after taking medical tests appropriately.

Premiums are based on health condition
The premiums of an insurance policy (health or life) are charged based on the individual's health condition. You need to make a declaration about your health condition in policy application form and the insurer fixes a premium rate on the basis of your discloser.

For understanding this clearly, lets take an example of two persons. Of them, one has high sugar levels and the other person has normal sugar levels. If both take insurance policy from a company that does not require medical tests then both will be charged same premium. But in reality, the premiums for normal persons should be less than the premiums of others with health issues.

The policies that require no-medical tests are:

Low value policies: Policies that do not consider health tests offer cover not more than Rs 5 lakh. So, if you are looking for a higher cover, that serves your life/health insurance needs, then you should take pure protection policy that requires you to undergo medical tests.

Prone to rejection easily: In most cases, the person who is taking insurance without a medical test may not be aware of his health condition. He may suffer from an illness and may not know about it till a medical test is conducted. In such a case, an insurer can reject the claim as these policies contain suppressed facts of your health condition with no proper underwriting. So, these kind of unintentional mistakes may simply deprive insurance cover even for those paying huge premiums.

Cover may be inadequate: If you get policies that require no medical tests, then you will also get the policy that has no appropriate insurance cover. It is like getting insured, but having no adequate insurance protection.

It is the actual responsibility of insurance company to determine the health condition of an insurance buyer. An insurance company simply cannot deny the claim as it is its responsibility to subject the policyholder to medical tests and then fix the premium.

Thus, a detailed medical examination that requires blood and urinalysis related tests, blood sugar, ECG, blood count, blood pressure, blood serum tests etc. will benefit you manifold. It provides your health condition report which tells you how fit you are. If you are suffering from any illness, get it cured before it ruins your health. Get complete medical record of your health before buying insurance policy.

Benefits of Medical Billing Services



Medical or Medicinal Billing Services

Currently, there is a sudden change in the business concerning health treatment. It shows lots of administrative problems in the event of preparing the insurance claims and methods which deal with the complex claim form. In order to avoid these problems, medicinal practitioners search for help from other sources. And this help comes from medical billing outsourcing from which they hire people who offer medical or health billing services.

Significant of Medical or Health Services

An effective and accurate Medicinal billing and coding service is very significant for the even performance of those who provide these services to the people. Complete medical billing and coding services sequentially secure swift reimbursement for customers. In general, medical billing is the method of offering and taking action on claims to insurance firms in order to receive payment. Medical billing services are very helpful for those who are engaged in providing medical healthcare. Aside from that, medical billing services can also aid an on-demand invoicing, processing of batch claims and submission and resubmission if necessary of electronic claims.

Advantages of Availing Medicinal Billing and Coding Services

Whether they are small companies or huge associations, medical professionals and medicinal companies can have the advantage when they avail medical billing services. Medical billing and coding services play an important role as a bridge which connects Medicare providers to insurance companies. One can have these advantages by availing medicinal billing services such as medical data entry which contains their patients demographics, medical claims billing in hard and soft copy, appeals which are for denials and incorrect payments, payment posting and reconciliation, medical claims management, collections management, and 24/7 accessibility.

Services Offered in Medicinal or Health Services

The essential services which are offered by medical billing services include handling all of patient billing inquiries, submitting reports to the doctor, posting of payments, mailing of patient's statements and taking action on all unpaid insurance claims.

To sum up, these services in one way or the other can help physician save money via payroll generation, tool reduction, removing shipping costs and support software. They will surely be happy if they know that the outsourcing to a professional medical or medicinal billing company can free them from lots of management difficulties. As of now, there are so many top outsourcing medical or medicinal billing and coding services companies which offer and provide medicinal billing assistance for any form of medical or health billing needs. In addition, those companies which offer medical or medicinal billing services utilize database which is free of compensation and outstanding practice that clients will surely have advantages.