The thyroid is the name of a butterfly-shaped gland that is placed in the lower front position of our neck. Though it is a smaller gland, it affects the regulation and management of the entire body. The thyroid gland releases thyroid hormones that impact almost every cell of the body. The hormones are mainly responsible for regulating our body’s metabolism, growth, development, and temperature control. The hormones also affect menstruation and pregnancy in women and play a significant role in fetus development. Abnormal amounts of thyroid hormones in the body bring several issues, sometimes severe ones like cancer.
The circumstances, environment, and work culture of the 21st century have moved us all towards a sedentary lifestyle that often serves good to none. Today, a majority of people are dealing with some or other lifestyle-related health problems and the most common ones among them are Blood Pressure issues, Thyroid, Diabetes, etc. To combat this problem, many insurers have come up with health insurance policies that offer coverage for different types of thyroids. While many health insurance companies provide coverage for Thyroid. However, it is highly recommended that you disclose your condition to the insurer well in advance. Your application may be accepted, but you may have to pay a comparatively higher premium or wait for a specific period.
How much does the treatment of thyroid cost in India?
You may be able to get thyroid treatment for free or at a minimal cost at a government hospital. However, it may not be possible at a private hospital unless you have a health insurance plan that offers cashless treatment. Even then, you will have to pay for the uncovered expenses. The cost of thyroid treatment in India varies from one state to another. Usually, it ranges between Rs. 1 lakh to Rs. 3 lakhs. However, if the condition of the patient is severe, or if he/she has multiple other problems related to thyroid, then the medical costs would become higher.
Does Health Insurance cover the costs of treatment for Thyroid?
Thyroid diagnostic tests are covered by health insurance policies. Mostly, the comprehensive medical policies offer coverage for thyroid under the chronic diseases section. Moreover, the cost of thyroid-specific medicines, in the long run, will also cost you a huge amount. Some insurance companies also cover medicines for thyroid. While most insurance providers in India offer coverage for thyroidectomies, the amount of coverage they provide depends on their terms and conditions. You must contact your insurance providers to obtain clarity on the coverage they provide.
What are the benefits of Health Insurance for Thyroid?
The benefits are mentioned below.
Diagnostic Costs:
Thyroid issues can have long-term repercussions. Therefore, it is important to diagnose the issue early on and start the appropriate treatment as soon as possible. Therefore, if you have a health policy that covers thyroid, then the company will bear the costs of the test.
Long Process:
Thyroid conditions are diagnosed using a range of diagnostic tests, including blood tests and other investigations. And in comparison to other conditions, thyroid medications are taken for longer periods. Therefore, it can dig a big hole in your pocket if you do not have any comprehensive medical policy covering thyroid.
Pharmacy Costs:
The medicines you have to take for your thyroid disorder can cost you a lot of money. Thankfully, the health plans offer pharmacy cost covers, making it easier for you to afford the best medicines that help you manage the thyroid hormone levels in your blood.
OPD Consultation:
There are many medical plans that cover out-patient medical consultation costs as an outpatient incurred in a networked facility of the insurer other than Dental and Ophthalmic procedures, up to a certain limit.
Daycare Procedures:
Both Hypothyroidism and Hyperthyroidism may be linked to other medical conditions that necessitate treatment, such as a slower heart rate, weight issues, depression, etc. A comprehensive health policy with thyroid coverage covers such Daycare Procedures.
To Combat Inflation:
A Health Insurance policy covering endocrinal disorders like thyroid problems is necessary, given the continually rising cost of healthcare treatment. This will make it possible to get the best care and recover quickly.
Tax Benefit:
Under Section 80D of the Income Tax Act of 1961, you are entitled to a tax deduction on your insurance premium paid by any mode other than cash.
Cashless Treatment:
Now, most of the insurers offer cashless treatment. With the option of cashless treatments, you need not have to worry about managing funds in such difficult times.
Peace of Mind:
With a good Health Insurance Policy, you can relax and focus on receiving the best treatment for your condition. Additionally, if your Health Insurance covers thyroid, you will receive coverage for all costs associated with thyroid treatment.
Conclusion
It is your duty to stay fit and keep your health conditions under control. Checking your thyroid levels from time to time helps you in achieving this. So go ahead and take all the measures you need and with the help of a good health insurance plan, keep your finances secured as well. As we know, in recent years, medical costs have skyrocketed. Hence, the treatment of a chronic condition might be quite expensive. Therefore, purchasing Health Insurance from a reliable Insurance Company that offers coverage for thyroid is recommended. You can browse through a variety of policies online, review the features and benefits, and pick the one that best meets your requirements.
