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This question belongs to Commerce Insurance

Insurance

?

Cashless facility means –

A) Insured need not carry cash on hand and he can settle medical bills thro’ debit card B) Insured has to pay bills and take reimbursement later C) Hospital (Network provider) would directly get the bills settled by the insurer D) None of the above

Answer & Solution

Correct Answer: Option C

Cashless policies mean that the health insurance company settles the bill directly with healthcare provider, whether a hospital or a nursing home. This is to reduce the direct financial burden on insured individual at the time of hospitalization.

Question posted by Examveda

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