The correct answer is: A. Cashless facility means no cash need to be paid by anybody to the care provider.
A cashless facility is a type of medical insurance plan that allows you to receive treatment without having to pay upfront. The insurance company will pay the medical provider directly, and you will only have to pay any co-payments or deductibles that are required by your plan.
There are several benefits to having a cashless facility. First, it can save you money on medical expenses. Second, it can help you avoid the hassle of dealing with insurance claims. Third, it can give you peace of mind knowing that you will be covered for medical expenses, even if you are not able to pay upfront.
If you are considering a cashless facility, it is important to compare different plans to find one that best meets your needs. You should also make sure that the plan is accepted by the medical providers you want to use.
Here is a brief explanation of each option:
- Option A: Cashless facility means no cash need to be paid by anybody to the care provider. This is the correct answer. Under a cashless facility, the insurance company will pay the medical provider directly, and you will not have to pay anything out of pocket.
- Option B: Cashless facility means a facility extended by an insurer to the insured where payments are made directly by the insurer to the network provider subject to preauthorisation. This is not the correct answer. Under a cashless facility, the insurance company will pay the medical provider directly, even if the provider is not in the insurer’s network.
- Option C: In cashless facility treatment is free for anyone seeking medical care. This is not the correct answer. Under a cashless facility, you may still have to pay co-payments or deductibles, depending on your insurance plan.
- Option D: Cashless facility means that payments are split between the hospital and the insurer. This is not the correct answer. Under a cashless facility, the insurance company will pay the medical provider directly, and you will not have to pay anything out of pocket.