Mental health insurance and what it covers
Mental health problems have become one of the growing concerns today, especially after the COVID-19 pandemic, which caused an increase in cases of mental illness.
Efforts are being made through campaigns and other means to raise awareness of mental health. However, many who face these problems are hesitant to seek help for fear of being stigmatized.
As with physical illness or injury, it is essential to get medical help for mental health problems.
There is also an act, The Mental Health Act 2017, to “protect, promote, and fulfill the rights” of people with mental illness while providing mental health care and services.
In addition, the law also establishes that “every insurer must provide medical insurance for the treatment of mental illnesses on the same basis as it is available for the treatment of physical illnesses.”
To enforce this, the Insurance Regulation and Development Authority (IRDAI) recently ordered insurance companies to cover mental illness in their insurance products and confirm compliance with the MHC Act 2017 by October 31, 2022 reported the indian express.
This means that if you need hospitalization for inpatient treatment, your mental health insurance plan will cover the cost of the treatment.
This includes the cost of medications, diagnostics, treatment costs, ambulance fees, and hotel rentals. This coverage may differ for different insurance companies.
Some mental disorders they are depression, bipolar disorder, eating disorder, bipolar disorder, post-traumatic stress disorder (PTSD, schizophrenia, and eating disorders).
But before you plan to purchase mental health insurance, you should be aware that there are certain exclusions to coverage.
Currently, coverage does not include mental retardation or intellectual disability. Also, any results due to alcohol or drug abuse are also not covered by the plan.
In addition to making sure that your illness is covered by the plan, you should also explore various options available in the market, since the price of mental health insurance can vary.
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