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    Smart things to know about healthcare discount cards

    What do they offer?
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    What do they offer?

    Healthcare discount cards offer discounts on hospitalisation, diagnostic tests and consultation fees for a membership fee. Basically, these cards function like loyalty cards, wherein you pay a membership fee and the company offering the card helps you get discounts on hospitalisation and non-hospitalisation-related expenses.

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    Fee for discount on services
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    Fee for discount on services

    Companies selling discount cards provide hospitals, diagnostic centres and doctors with more customers. In return, they offer discounts to customers who have the cards. Simply put, the card provider does the bargaining for customers.

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    Who can avail the benefits?
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    Who can avail the benefits?

    The benefits of the card can be availed by an individual or by a family with a cap on number of members.

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    How do they help you?
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    How do they help you?

    Since healthcare insurance is hospitalisation driven and does not cover many of these costs, the discount offered significantly reduces healthcare expense.

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    Also make sure...
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    Also make sure...

    This service is not regulated. The choice and quality of the service providers offering discount needs to be vetted before purchasing the card. So do your due diligence and checks about the company whose card you are purchasing before doing so.

    (Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)

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