Being admitted to the hospital can be an uncomfortable experience, and not just because you're ill or injured.
Hospitalisation often comes along with hidden costs, such as expenses related to procedures, medications and accommodations. In addition, during a stay in the hospital, it's difficult to make income to pay for these items.
Signing up for health insurance is a wise way to prepare for an unexpected hospitalisation. However, this may not cover all the expenses associated with your stay in the hospital. To be as prepared as possible, citizens can purchase Hausik Moni policies in conjunction with their health insurance.
Hausik Moni: Explained
Hausik Moni is an insurance product that provides policyholders with K200 per day of their stay beginning on their second night in the hospital.
There are no specific rules about how the money can be spent. A few common ways recipients use the money include:
- Procedures that aren't covered by insurance.
- Medications that aren't available at the hospital.
- Food and other accommodations to make a hospital stay more comfortable.
- Home-related expenses like rent or bills.
By using Hausik Moni to pay for these costs, patients won't have to rely on their savings or take out debt during their hospitalisation.
When to use Hausik Moni
Policyholders can begin using their Hausik Moni immediately. Determining how to spend the money is entirely up to the recipient. Each individual should evaluate their unique situation to determine the best use for the cash. There is no fluctuation in how much each payment will be. The K200 per day should be budgeted wisely.
Here are a few situations when using Hausik Moni may be a wise choice:
When medical insurance won't cover essential drugs or procedures.
There may not always be the equipment or medications you need available at your hospital. This is especially true in Papua New Guinea's rural hospital locations. In these situations, patients are expected to purchase drugs or pay for transport to another location. Hausik Moni can help you buy medications from a local chemist or pay the cost of the trip to another hospital.
When you would otherwise have to rely on savings.
You worked hard to save your money, and you may have it reserved for a major life event, like a wedding or buying a home. Don't put your life goals in jeopardy just because you've been hospitalised. Hausik Moni will ensure you can pay for essentials without drawing from your savings.
When you need to purchase food or other accommodations during your stay.
During your stay in the hospital, you won't be able to prepare your own meals. You may have to rely on the food available at the hospital or from nearby vendors. Use Hausik Moni to pay for these meals.
How to get Hausik Moni
Signing up for Hausik Moni is easy. All you need to do is speak with your insurance agent.
If you don't already have health insurance, begin with that. Hausik Moni is a policy you can add to your health insurance at any time.
With most insurance policies, there is a period of time between signing up and when the policy actually goes into effect. For that reason, it's important to enroll in health insurance and Hausik Moni policies as soon as possible so that they're in place if you become sick or injured unexpectedly.
To learn more about Hausik Moni, reach out to the insurance professionals at Trans Pacific Assurance Limited.