It takes 20-46 days to settle patient’s Health insurance claims

Settlement of expense reimbursement claims under health insurance policies on the average takes about 20 to 46 days from the date of intimation to the insurer, said a report conducted by insurtech platform Secure Now.

The company said the industry data tabulated by it also shows that patients are quite prompt in informing the insurers about claims with almost all of them intimating the concerned insurance firms within weekly of hospitalization.

“However, on the other hand, the insurance companies undertake an average between 7 to 108 days to settle the claims linked to maternity. Caesarean sections take the longest time 9 to 135 days and chemotherapy the shortest period � 12 to 35 days,” the insurance professional said.

Source-

https://www.timesnownews.com/business-economy/personal-finance/health-insurance-take-20-46-days-to-settle-patients-claims-report-article-90895950

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