Three tips for choosing a medical insurance
Health is our greatest asset. It is more important to know how to protect it. Let us help you find the best policy for you from our range of products Three tips for choosing a medical insurance.
No one can predict the future, but the safety net created by medical insurance does make people feel at ease. The question is, where should you start? What should you pay attention to when choosing medical insurance? Which kind of medical insurance can best meet the needs of your family?
The following are the questions that must be asked before purchasing medical insurance for the first time Three tips for choosing a medical insurance.
1. What kind of medical insurance do I need?
The term of medical insurance is sometimes not easy to understand. Next, we will explain to you the parts covered by several types of medical insurance:
Critical Illness Plan The
Critical Illness Plan pays compensation in one lump sum, either when it is diagnosed with critical illness (such as cancer), or after receiving treatment and surgery. Both must be covered by the policy.
Disability Income Plan The
Disability Income Plan will give you a fixed amount of compensation each month to replace your lost income when you are unable to work due to an accident or illness. Online computers such as disability insurance computers can help you calculate the amount you need.
Hospital Cash Plan The
Hospital Cash Plan pays cash compensation every day during your hospital stay for treatment or surgery.
Long-term care plan
If you need long-term care or medical treatment, long-term care insurance will pay a fixed monthly compensation.
Medical Expenses Plan
Even if you are hospitalized, you can be guaranteed a fixed income. The medical expenses plan will give you cash compensation every day when you are hospitalized. You can use these compensations to pay for other treatments, subsidize lost income, or buy anything you need.
2. What should I pay attention to when choosing a medical insurance plan?
It seems not easy to choose among many medical insurances. Focusing on the following characteristics will help you get the most benefit.
Deductibles and co-insurance
Deductibles and co-insurance (you must pay part of medical expenses up to a ceiling) are limited to medical expense insurance plans, and the two complement each other to keep your premiums affordable .
Claim Limit
This is the amount you can claim under a certain policy. For example, medical expense insurance may set limits for each disease or disability. So remember to ask the distribution agent how much you can claim.
Age restriction
Some medical insurances have an age restriction. It is good to first understand which policies are suitable for your age group. May wish to talk with your distribution agent to find out which insurance plan is best for you.
Policy is not covered by insurance
All policies include “not covered”, or no compensation. This usually involves pre-existing conditions, illness or disability before you purchase the policy.
Waiting/postponement period
There may be some waiting or postponement period, during this time, if an unfortunate event occurs, you will not be covered. Your distribution agent will explain you in detail.
Global insurance
Global insurance covers a very wide range, but there are still some places that are not covered, so you may wish to pay attention to these details and choose a more appropriate location before planning a trip.
3. What medical insurance options are suitable for parents and children?
If you are a parent, you must want an insurance plan that can take care of the whole family in an emergency. The following medical insurance plans can provide you and your loved ones with the most basic protection.
Hospitalization and Surgery Programs
These programs help cover the cost of hospitalization for any family member due to an accident or illness, and also cover the cost of hospitalization for treatment or surgery.
Personal Accidents and Infectious Diseases Programs
These programs provide comprehensive global protection, including personal accidents and diseases frequently affected by children such as hand, foot and mouth disease, and bone pain fever.
Daily Companion Allowance
As long as you take time off to accompany your child, you will receive this allowance.
Critical Illness Plans
These plans provide a one-time compensation when the insured is diagnosed with a critical illness such as heart disease, stroke, or cancer Three tips for choosing a medical insurance.
To choose the medical insurance that best meets your needs, you’d better be able to talk to the financial advisor in detail and let him address your needs and provide you with the most valuable advice before making the most correct choice Three tips for choosing a medical insurance.
It is a good start to ask him/her the above questions. Once you narrow the scope of your needs, the distribution agent will help you further determine the best medical protection for you and your family.
Read More: Fresh New Article
Solemnly Declare: The copyright of this article belongs to the original author. The reprinted article is only for the purpose of disseminating more information. If the author’s information is marked incorrectly, please contact us as soon as possible to modify or delete it.
Thank you
