Basic medical insurance includes general medical insurance, hospitalization insurance, surgical insurance, comprehensive medical insurance and special disease insurance.
General medical insurance:
General medical insurance provides the insured with general medical expenses related to the treatment of illness. It mainly covers outpatient expenses, medicine, and tests. This type of insurance has a lower premium cost and is more applicable to the general public. Because of the difficulty in controlling expenditures for medicine and examination costs, this type of policy generally has a deductible and cost-sharing provision, whereby the insurer pays a certain percentage of the portion above the deductible, and the cost of insurance is set once a year. The insurer is no longer responsible for expenses incurred for each illness that cumulatively exceed the insured amount.
Hospitalization Insurance:
Because of the often high costs incurred in hospitalization, hospitalization expenses are covered as a separate insurance policy. The main cost items covered by hospitalization insurance are the daily hospital fee (bed fee), the cost of utilizing hospital equipment, the cost of surgery, and the cost of medicine. The length of the hospitalization period will have a direct impact on its cost, so the amount of this insurance should be based on the patient's average hospitalization cost. In order to control unnecessarily long hospitalization, hospitalization insurance generally stipulates that the insurer is only responsible for a certain percentage of all costs, not all of them.
Surgical insurance:
This type of insurance provides for all costs incurred as a result of a necessary surgery required by the patient.
Comprehensive medical insurance:
Comprehensive medical insurance is a comprehensive medical expense coverage provided by the insurer to the insured for all expenses incurred for medical treatment and hospitalization, surgeries, and so on. This type of policy has a higher premium. A low deductible is generally established along with an appropriate sharing ratio.
Specialty Disease Insurance:
Certain special diseases often bring catastrophic cost payments to the patient, which are difficult for the average residential family to bear. Examples include cancer, heart disease, etc. Therefore, people usually require such policies to have a relatively large sum insured to be sufficient to cover the various expenses incurred by them.
The major diseases that provide coverage for policyholders can be single, such as malignant tumors, or even malignant tumors in a certain number of cancers; can also be a number of, the agreed upon several major diseases listed, such as malignant tumors, myocardial infarction, uremia, vital organ transplantation, quadriplegia, stroke and coronary artery bypass grafting surgery, and so on.
Once an insured person is diagnosed with a major disease by a hospital of a certain level after 180 days from the effective date of the policy, he or she can apply to the insurance company for a full payment of the sum insured, and the insurance liability will be terminated immediately.