Room Rent Capping

#RoomRent #Capping #Limit #HealthInsurance
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Out of 100 people, almost 90 people do this mistake.

Most people thinks that their health insurance will cover entire hospital bill without understanding their policy.

Let's understand how room rent limit works in health insurance.

Assuming that your existing health insurance plan covers room rent upto 1% of the sum insured.

Your sum insured is Rs 5 Lakhs, so it will cover room rent upto Rs 5000/day.

Out of the blue, people who don't like the room offered by health insurance company, upgrade their room to Rs 10000/day assuming that they only need to pay the difference in the room rent. But this is where they have done a big mistake. As they have upgraded the room type, your other medical expenses like doctor visit charges, medical cost, surgery cost, miscellaneous other charges shoots up by 2X. And this price surge will be a proportionate increase with the room upgrade. This charge will be beared by insurer out of their own pocket.

So it is advised to avoid such mistakes and buy a health insurance which don't have any room rent capping. If you're buying a policy with room rent limit to avoid high premiums, then you must stay in the room rent limit to avoid such out of pocket expenses.
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