What is Shared Accomodation Cash Benefit In Health Insurance?

Shared Accomodation Cash Benefit In Health Insurance

A shared accommodation Cash Benefit is defined as the lump-sum amount you receive as a policyholder when you agree to get hospitalised in a shared room. If you or your family member have been hospitalised as part of the treatment plan, you would know that many non-medical expenses occur during the hospitalisation.

If you are comfortable staying in a shared room during your treatment, then you must choose this benefit in your health insurance policy. Shared accommodation cash benefit helps you cover the cost of all your non-medical charges. They vary from transportation, lost income due to absence from work or the cost of a caregiver. The shared accommodation cash benefit covers it for you so that it is not heavy on your pocket and you remain stress-free during your hospital admission.

Conclusion

Hospital admissions can stress you out as you are worried about your health condition. Moreover, inpatient hospitalisations are costly and you incur many expenses during the stay. Shared accommodation cash benefit helps you cover your additional expenses which include caregiver’s cost, transportation, or lost income due to absence from work due to hospitalisation. Each insurance company has a set of predefined conditions which should be met for you to be eligible for shared accommodation cash benefit. It is advisable to understand these conditions and see whether they suit your requirements before adding this benefit to your health insurance policy.