Is there a difference between health insurance transfer and renewal?

There is a difference between health insurance transfer and renewal. Transfer is equivalent to finding a new insurance company to re-insure. The transfer requires new health information about the current state of the body and recalculates the waiting period, which is equivalent to all new purchases. Renewing the warranty means renewing the fee on the basis of the original product. Generally, there is no need to inform health again, and there is no waiting period. The insurance company will continue to underwrite according to the original guarantee.

Matters needing attention in purchasing health insurance:

1, age limit clause

Health insurance mainly includes sickness insurance, medical insurance and income compensation insurance. According to different types of health insurance, the minimum age of health insurance is generally between 90 days after birth and 16 years old, while the maximum age is between 60 and 70 years old.

2. Deduction of compensation clause

For example, hospitalization medical insurance belongs to compensatory insurance, which compensates according to the actual expenditure, and the compensation amount cannot exceed the actual expenditure. Therefore, insurance companies generally stipulate a deductible for hospitalization medical insurance, that is, if the medical expenses are lower than the deductible, the insured cannot get compensation; If the medical expenses exceed the deductible, the insurance company will pay according to a certain proportion.

3. Wait and see period clause

The wait-and-see period refers to the insurance company's obligation to pay the medical expenses incurred by the insured due to illness after the insurance contract takes effect for a period of time. Insurance companies have a wait-and-see period when underwriting health insurance. Depending on the types of insurance, the wait-and-see period can be 90 days and 180 days from the effective date of the contract. The insurance company is not responsible for the medical expenses incurred during the wait-and-see period.