Group Medical Insurance

The medical insurance program takes care of outpatient and in-patient costs. Medical insurance plans operate in two (2) basic ways. One is on reimbursement basis while the other is on direct settlement basis. The direct settlement schemes provide a cashless facility whereby no money has to be paid by the insured-member except the deductible amount for Out-Patient treatment. If the reimbursement basis is opted for, then, the patient settles the bills/ invoices with the concerned clinic/ hospital / pharmacy and puts in papers to claim reimbursement.
Medical Insurance is full of ifs, buts and exclusions. it is very important that you are aware of all such extensions and provisions.  There are options to buy back many of the exclusions.