ONE STOP SOLUTION TO ALL MEDICAL PROBLEM----MEDICAL TOURISM

Process of travelling to various nations to get good, affordable and quality treatment is known as the Medical Tourism.

Process of travelling to various nations to get good, affordable and quality treatment is known as the Medical Tourism. The term ‘Medical Tourism’ is also known by various names like health tourism, global healthcare and the medical travels. It is very popular in the western world and getting slowly popular in Asia.

Types Of Medical Tourism:

Medical tourism is gaining very popular in the developing world and the types of medical tourism are as follows:

There are three types of Medical Tourism available in India namely:

Outbound Medical Tourism: Procedure in which patient travel from his/her nation of origin to any other nation is known as Outbound Medical Tourism.

Inbound Medical Tourism: A procedure, where in many patients travel from other nations to a particular nation is known as Inbound Medical Tourism.

Intra-bound Medical Tourism: A unique procedure, where in patients travel from one city to another city within a nation is known as the Intra-bound Medical Tourism. It is also known as Domestic Medical Tourism.

Are You finding difficulty in getting Medical Tourism. 

Leave a Missed call on 022-62116588 Or visit www.moneymindz.com

Advantages Of Medical Tourism:

Medical Tourism is gaining more importance in the coming years. 

Some of the major advantages of medical tourism are as follows:

Cost of the medical treatment and procedures followed are less costly compared to developed world.

Labour cost is very cheap.

Surgery will be done with top class technology.

Helps in enhancing investment in the medical segment of the respective nations.

Faster and superior access to world class health related services.

You get option of booking the flights, selecting the hospital and the flight schedules from comfort of your home.

The visa rules gets relaxed for the air paramedic.

You can speak English or any other languages as hospitals will have their translators to effective communicate.

Disadvantages Of Medical Tourism:

Some of the negative concepts of the medical tourism are given below as follows:

People from middle/lower middle class and the poor sections cannot afford medical tourism.

Insurance coverage is very limited. So you need to take all things into the account, before having any unnecessary expenses.

It does not cover post operation situations and expenses. At this juncture, patient will have to find accommodation, after getting discharged from hospital. This can be disgusting for the patient.

Cost of travel will shoot up as patient will be accompanied by relatives and friends.

Cost of accommodation, purchasing essential commodities and other bills will increase considerably.

If you want to dispute any legal issues, then it will take longer time, as rules are different in various nations.

Medical Services: 

We offer medical services like:

Dermatology

Endocrinology

Cardiology

Gastroenterology

Neurology

Rehabilitation

Pulmonology

Psychiatry

Oncology

Internal Medicine

Blood Sugar

Parts Transplantation

Surgical Services:

Surgical services consist of: 

Laparoscopic Surgery

Ophthalmology

Urology

Orthopaedics

ENT

Paediatric Surgery

Vascular Surgery

Obstetrics

Gynaecology

Critical Care Services (CCS)

Hospitals are good in offering critical care services like:

Pain Management

Neo Natal Intensive Care

Intensive Care Unit (ICU)

Cardiac Care Unit (CCU)

Emergency Care Services (ECS)

Dental Services: 

Various kinds of dental services are offered like:

Preventive Dentistry

Orthodontics

Prosthodontics

General Dentistry

Periodontics

Implantology

Maxillofacial Surgery

Cosmetic Dentistry

Hence, I would say that changing economic position and technological advancement has improved business for hospitals in particular and medical world in general.

So You Bought Health Insurance?

Your health is your asset. Have you ever thought of covering it. You never know what will happen in very next moment. Life is full of uncertainties. Getting hurt or sick isn’t something a person wants to happen, but unexpected medical events do occur. Having a health insurance plan helps pay for some of those unexpected costs, and provides financial protection against ongoing large medical bills 

Here is some advantages of health insurance 

1. Increase in the incidence of lifestyle-related illnesses

Life expectancy has increased. Thanks to advancement in medicines, the average man is likely to live for around 84 years by 2040. And so has stress due to sedentary lifestyle.

This has also given rise to the early onset of chronic diseases like cancer, lung conditions and stroke, claiming younger lives. Health insurance mitigates the financial risk that may befall a person irrespective of age.

2. Health insurance coverage is more than just hospitalization

Most/Many health insurance plans give coverage for day care procedures and OPD, other than the treatments that involve serious hospitalization. There are also health plans that cover vector borne diseases like dengue.

3. Increase in out-of-pocket expenses

With the healthcare industry in India witnessing double-digit inflation, it is getting extremely expensive to treat common ailments in India. As a result, this has put a dent in an individual’s pocket.

Buying health insurance can double up as your emergency financial fund while preparing you for the troubled times.

4. Your group health cover may not be sufficient

A group health plan may or may not cover all your family members. The sum insured limit in a group plan is also less, which may not be enough to meet all the medical expenses incurred.

And then as you’ll grow older, you might need frequent medical attention. Before that you may not want to put yourself at the risk of being under-insured.

5. Benefits buying health insurance at young

Buying a personal health insurance policy is cost-efficient while one is young and free from medical complications. The premium is lower and the policy offers comprehensive coverage in comparison to a policy purchased at an older age. As an individual grows older, the cost of the cover increases and if one develops health issues, the health insurance company tends to exclude pre-existing conditions which defeat the whole purpose of buying a health insurance. Most health insurance companies have an upper age limit for the policies, which means one would have limited options after retirement. One can enjoy the benefits of cumulative bonus in the form of no claim benefit if they renew the policy without any claims.

6. Tax benefit

The icing on the cake by opting for a personal health insurance policy is the tax benefit. Payments made towards health insurance premiums are eligible for tax deductions under section 80D of the Indian Income Tax Act. Individuals less than 65 years of age can claim a deduction of up to Rs. 15,000 for the health insurance premium paid for themselves, or for their spouse, children or parents. However, it should not be the driving force behind making the decision of taking a personal health insurance policy. The need to improve risk management should be the driving force behind opting for a personal health insurance policy. One should scientifically calculate the amount of health insurance required with the help of a proficient financial advisor and make sure that they are adequately covered.

For More Information on Health insurance

Leave a Missed call @ 022-62116588

(Or) Visit : www.moneymindz.com

(Or) Download Financial Freedom App.