How Budget 2018 Will Help You Make the Best Use of Health Insurance?

Just like every year this year too our financial minister of India Mr. Arun Jaitley has announced a few amendments in the field of health insurance sector. For the poor economic sector with low income group cover of as much as Rs. 5 lakh each under a National Health Protection Scheme. He also announced Ayushman Bharat initiative to ensure maternal and child care. The launch of this government health care scheme can be used to pay for hospitalisation and treatment in secondary and tertiary care facilities. There has been an urge to the private health insurance players to extend their support in the form of CSR activities.

Statistic about use of budget 2018 health insurance in India

  • 86% of Rural & 82% of urban population do not have a health cover
  • Private Health Insurance players have penetrated to only 12% (Higher income group)
  • As per the NSSO Survey it was found that around 1% of the poor in the rural areas have to sell their assets to pay for health cover

Salient features of budget 2018 health care related to health insurance

  • Setting over 1 lac 50 thousand wellness centre
  • 500 Rs a month to be provided for TB patient
  • Creating jobs in the health care sector by increasing the accessibility of health care.

How these new changes will help a person buying health Insurance?

With these new changes a high upscale in the field of health care is expected. Making health insurance more affordable and penetration in 2-3 tier cities is also crucial, which will help each and one to get the accessibility to health insurance.

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