What is Stroke Insurance: Protecting Your Health and Finances

Stroke is a big health scare in the Philippines, but you don't have to face it alone financially. Stroke insurance can help!  This guide will explain what it is, what it covers, and what to think about when choosing a plan.

What is Stroke Insurance?

Stroke insurance is a type of critical illness insurance that provides financial help if you have a stroke. It covers medical bills, rehab costs, and other related expenses. This insurance reduces the financial stress of stroke treatment and recovery, letting you focus on getting better without worrying about the costs.

What is Covered by Stroke Insurance?

Some companies, like Oona Insurance, provide a lump-sum payout which can cover for expenses like:

• Hospitalization Expenses: this may refer to hospital room charges, surgical procedures, and other medical services related to stroke treatment.
  

• Diagnostic Tests: Expenses for tests such as MRI, CT scans, blood tests, and other diagnostic procedures necessary for diagnosing and monitoring stroke.
  

• Medications: refers to expenses on prescription medications prescribed by healthcare providers to manage stroke symptoms and prevent complications.
  

• Rehabilitation Therapies: the payout can also possibly cover physical therapy, occupational therapy, speech therapy, and other rehabilitation services aimed at helping stroke survivors regain function and independence.
  

• Follow-up Care: you may also use this financial aid for follow-up visits with healthcare providers, including consultations, check-ups, and ongoing medical monitoring.
  

• Home Modifications: may also be used to cover home modifications such as wheelchair ramps, grab bars, and other adaptations to facilitate mobility and independence.
  

• Long-term Care Services: there are also options for the policyholder to use this lump-sum payout for long-term care services, such as nursing home care or in-home care, if needed for stroke survivors who require ongoing assistance with activities of daily living.

What is Not Covered by Stroke Insurance?

• Pre-existing Conditions: Pre-existing conditions may not be covered, so costs related to health issues diagnosed before the policy starts might not be included.
  

• Certain Types of Strokes: Some policies may not cover certain types of strokes, such as transient ischemic attacks (TIAs) or mini-strokes, which may not meet the criteria for coverage under the policy.
  

• Non-Medical Expenses: Travel costs for medical treatment, alternative treatments that aren't medically necessary, and other non-medical expenses might not be covered by a standard stroke insurance policy.

How Long is the Waiting Period?

There might be a waiting period before your stroke insurance kicks in, which varies depending on the insurer and specific terms in the policy.. Check the plan details to see how long you might have to wait before you can be granted the benefits..

How Much is the Premium?

The cost of stroke insurance varies based on your age, health, coverage amount, and policy terms. Younger, healthier people usually pay lower premiums. Compare quotes from different insurers and check the coverage to find a policy that fits your budget and needs.

When Should I Get Stroke Insurance?

It's never too early to think about stroke insurance, since strokes can happen at any age. The best time to buy it is when you're young and healthy, as premiums are lower. If you wait until you're older or have health issues, premiums can be higher or you might have trouble getting coverage.

Insurers often have age limits for buying stroke insurance, usually between 18 and 65 years old. Make sure to check these limits so you can enroll before you reach the maximum age.

Is Medical Examination Required?

Some insurers may require a medical examination as part of the application process for stroke insurance. This examination helps insurers assess your current health status and determine your risk level. While not all insurers require a medical exam, be prepared to provide information about your medical history and undergo any necessary assessments during the application process.

Stroke insurance is important for healthcare in the Philippines. Knowing what it covers, what it doesn't, and things like waiting times and costs helps you make smart choices to keep healthy and financially safe.Don't wait until it's too late. Choose Oona Insurance for your stroke insurance coverage and gain peace of mind knowing that you're backed by a trusted partner committed to your health and well-being. Answer 4 simple questions to get your instant free quote without going through medical examinations. It’s that easy!