Insurance for Leukaemia Treatments

Insurance for Leukaemia Treatment in India: What You Need to Know

Leukaemia, or blood cancer, affects the blood cells and bone marrow. Almost more than 8% of the population suffers from leukaemia in India, including adults and children.

It occurs due to changes or mutations in bone marrow cells' genetic material (DNA). This results in the accumulation of abnormal cells within the bloodstream, leading to cancer-like symptoms.

What are the treatments for leukaemia?

Leukaemia primarily involves radiation therapy and chemotherapy to kill the cancer cells. Additionally, stem cell transplantation, targeted therapy, and immunotherapy treat cancer cells.

These treatments are implemented based on the types and stages of leukaemia. Sometimes, medical experts conduct clinical trials to introduce new treatment methods.

How do Health Insurance Policies Help with Leukaemia Treatments?

Health insurance remarkably helps treat leukaemia by covering hospitalisation costs, diagnostic costs, chemotherapy, radiation therapy, and other medical expenses.

Here, we will discuss a detailed breakdown of how it fosters the financial expenses properly:

Comprehensive Coverage

Insurance plans, especially cancer-specific coverage, can help the patient cover a wide range of leukaemia treatment costs, including:

• Chemotherapy: Insurance plans cover the expenses related to chemotherapeutic drugs and procedures.
• Radiation Therapy: Radiation therapy is a standard method of treating leukaemia. Thus, insurance policies must cover all the associated radiotherapy expenses and other relevant expenses.
• Surgery: If the surgery or other surgical procedures are included in the treatment plan, the insurance plans will cover those expenses.
• Diagnostic Tests: Insurances can cover the costs of diagnostic tests to monitor the stages of leukaemia.
• Hospitalisation: Health insurance covers room rent and other hospital-related expenses. Inpatient treatment is a standard procedure for leukaemia patients, so it is essential to cover these expenses during the treatment procedure.
• Follow-up Care: Provides coverage for post-treatment follow-up visits, care units, and medications.
   

Financial Security

Insurance policies provide financial benefits and security to the beneficiaries to ease the financial burdens during the treatment process:

• Treatments are usually expensive, and continuing the financial burden can be overwhelming without insurance.
• Health insurance provides financial security to leukaemia patients, allowing them to focus more on recovery than on financial expenses.
   

Additional Considerations

There are several additional considerations regarding the selection of a health insurance policy, like:

• Waiting Periods: Some cancer or health insurance policies may have waiting periods before coverage for leukaemia treatment processes becomes effective.
• Exclusions: It is mandatory to review the terms and conditions of the insurance policy to understand the inclusions and exclusions of the treatment for leukaemia.
• Financial Assistance: Besides health insurance, specific financial assistance programmes and patient advocacy organisations help leukaemia patients with treatment management.
   

How to Choose the Best Health Insurance Policy for Leukaemia?

There are important points to consider before choosing the best health insurance policy for leukaemia. They are as follows:

• Looking for the right coverage: Choosing the correct health insurance policy for a family is quite challenging in the current scenario in India. Before buying the correct insurance plan, checking whether the rules and regulations cater to the requirements is crucial.
• Affordable Prices: Budgeting is essential to meeting the needs and requirements of a health insurance policy. Before buying it, compare different plans and study thoroughly the features included in those plans.
• Prefer Family Health Plans: Individual plans are beneficial for those who do not have any family. But if an individual has a family to support, then it is better to buy a family health insurance plan to enjoy maximum benefits at affordable prices.
• Lifetime Renewability: These plans are generally required in the later phase of life. Therefore, it is better to choose health insurance policies with a lifetime renewability option.
• High Claim Settlement Ratio: Beneficiaries must choose insurance policies with higher claim settlement ratios to maximise the benefits of reimbursement claim processes.
   

Interested buyers need to consider these points before choosing the correct insurance policies for leukaemia surgery and treatments.