Health Insurance Now Covers Mental Health Illness

Health Insurance Now Covers Mental Health Illness

Mental Illness is a topic that has always been kept quiet. There has been a huge stigma associated with mental health and wellness. But now the times are changing. People are now more willing to discuss mental health and take it as seriously as a physical illness. The Insurance industry has also undergone this shift.

Things to know about Mental Health Insurance

What does mental health insurance cover?

Mental health insurance covers all expenses incurred if anyone needs to be hospitalized for in-patient care due to any mental illness. It covers diagnostics, medications, treatment costs, room rent, ambulance fees, among other things.

Who should take mental health insurance?

Mental health insurance coverage is applicable for anyone with a family history or any traumatic experience, where it is likely for the person to acquire such a disease. It is also being considered for anyone who is suffering from a post-accident trauma or trauma due to losing a loved one. Everyone is susceptible to mental disease in the contemporary environment of stress-filled living circumstances.

So, what are the diseases that fall under the Mental Illness category?

These are some of the known diseases that fall in the category of mental illness

  • Acute Depression
  • Bipolar disorder
  • Schizophrenia
  • Anxiety disorders
  • Obsessive-compulsive disorders
  • Attention-deficit/hyperactivity disorder
  • Post-traumatic stress disorder
  • Mood disorder
  • Psychotic disorder

According to the IRDAI Guildelines, It is to be ensured to all the insurance companies that all health insurance policies should cover mental illness. This mandatory coverage means that the insurers will now be able to consider mental illness as same the physical illness coverage.

Summing up!

Before Covid-19 has came into force, The Mental health was rarely a discussed topic in India. Insurance Regulatory And development Authority (IRDAI) has taken a great initiative towards the world making sure that everyone is taken care of. This mental health illness coverage will bring a change, It will encourage patients to be more optimistic about their treatment. So, get the best mental health coverage insurance and advisory with Policy21st

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