A hospital stay can bring anxiety and uneasiness. No matter the illness or injury that leads to your hospitalisation, you'll likely have many things on your mind.
A common concern among inpatients is their financial security. Hospital stays are often expensive, especially when additional costs are added on, such as transport to another location, medical procedures or prescription drugs.
On top of these expenses, spending time in the hospital means you're temporarily out of work. So, as your medical costs continue to add up, your income comes to a halt.
Fortunately, medical insurance and hausik moni policies can help ease the burden of your loss of income. Your medical insurance and hausik moni policies are two distinct insurance products. Understanding what they are and how they work can help you get the most value from them during your stay.
What is medical insurance?
Medical insurance provides financial coverage for a long list of potential expenses related to your health. These include:
- X-rays and other important procedures.
- Emergency evacuations to another hospital or country.
- Necessary check-ups.
Further, a medical insurance policy covers your immediate family members – not just the policyholder. So, if your children or spouse have a medical condition that must be attended to, they'll receive the same protection that you will through your medical insurance.
What is hausik moni?
Hausik moni is an optional addition to your medical insurance policy. With this type of coverage, you receive K200 per day throughout your hospital visit beginning on the second night of your stay.
There are no limitations on how you can use hausik moni; you can prioritise and use funds to best suit your current circumstances.
For example, hausik moni may go toward groceries for your family during your stay, home-related bills that are due, prescription drugs that will help you recover, special accommodations to make your inpatient experience more comfortable, or something else altogether.
In some cases, patients are expected to cover the costs of food or certain medications during their stays; hausik moni is commonly used to pay for these items.
What to know about medical insurance and hausik moni
While medical insurance hausik moni together can certainly help keep your financial situation healthy during your hospital stay, it's important to remember a few things about them:
You must sign up for them in advance.
Your medical insurance and hausik moni plans typically take a month or two to go in effect. The sooner you sign up for your policy, the better. Even if you're healthy now, you never know when illness will strike or when an accident will happen. By enrolling in these plans now, you can count on them being available when you need them.
Hausik moni is a fixed amount of money.
The K200 per day will not change, so inpatients should budget wisely. While you technically could spend it any way you please, it's best to keep your immediate needs in mind first. That includes any food, drugs or accommodations for your hospital stay, or your financial obligations at home.
Hausik moni is not automatically included in your medical insurance policy.
Hausik moni is an additional coverage option that you can include in your medical insurance policy. Ask your insurance provider about their hospital cash policies and how to enroll in them. This is the best way you can ensure that you have all the coverage you need.
To learn more about your medical insurance options in Papua New Guinea, including hausik moni, contact Trans Pacific Assurance Limited. Our agents will be able to review your options, explain all benefits in detail and give you a free quote.