What is NPS Swasthya Scheme? Now you can get treatment from pension, you will be able to pay hospital bill from fund, know the whole process

NPS Health Update: If you invest in National Pension System (NPS), then this can be a good news for you. Now your pension savings can be used not only for retirement but also for medical expenses if needed. While planning for retirement, most people think about their income i.e. pension, but as you age, the biggest threat is to your health. Because, after retirement, usually more money is spent on treatment. Last month, the Pension Fund Regulatory and Development Authority (PFRDA) has launched the second proof of concept (PoC 2) of NPS Swasthya.

According to media reports, the objective of this scheme is to provide facility to NPS subscribers in case of medical needs by using the money saved from their pension. It can be implemented soon. However, it is currently being tested.

What is NPS Swasthya Yojana?

NPS Swasthya is a scheme in which your retirement savings and healthcare are combined together. Actually, the objective of this scheme is to provide financial help to NPS investors in times of health related needs. If seen, its new version has been made more easy and useful than before so that common people can get financial help at the time of medical expenses. It is believed that the new version will be easier and better to use than the previous one. The objective of the scheme is to provide financial help to the common people at the time of medical expenses. However, under this scheme it will now be much easier for people to get treatment.

How much money can be withdrawn for treatment?

According to media reports, under this scheme, subscribers can withdraw 25 percent of their total deposited amount for their medical needs. You can use this money for hospitalization and other important expenses. You will be able to use this percentage for OPD and medicines. This facility will be completely digital. There will be no physical transactions in this. This facility has also been made available through MAven app. Any citizen of the country can take advantage of this scheme. No separate provision or limit has been imposed for this.

The money will go to the hospital account

It is believed that under this scheme, the treatment money will be transferred directly to the account of the hospital or the concerned service provider. The special thing is that if the hospital bill is saved, then your entire money will be invested back in your NPS account. Expenses for inpatient treatment, medicines and cashless hospital services can also be covered under this scheme. Generally any Indian citizen between 18 to 35 years of age can avail the benefit of this scheme. At present it is being trialled.

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