Million-dollar medical insurance, with its low premiums, high coverage and high leverage, is centered on its ability to address high medical costs.
According to the data, as of the end of June 2019, 29 insurance companies sold million-dollar medical insurance products, underwriting a total of 47.28 million cases, with a premium income of 26.1 billion yuan and 41.12 million insured people. (Source: China Finance)
It is evident that million-dollar medical insurance has become an important part of commercial insurance. Today, we're going to talk about which one of the many hot-selling million-dollar medical is best for you.
I. Million-dollar medical insurance, how to choose?As shown above, to determine whether a medical insurance is good or not, Fargo believes that the main considerations are renewal conditions, coverage content, deductibles and value-added services. It is worth noting the following:
1. Don't pay too much attention to high coverage
According to the latest claims data (sourced from China Finance):
As of June 30, 2019, the cumulative total of 2.9 billion yuan in million-dollar medical insurance has been paid out to 230,000 people, with an average per capita payout of 12,600 yuan;
From the claims amount distribution, the vast majority of consumers were paid less than 50,000 yuan, of which 71% were paid less than 10,000 yuan;
In terms of high-value claims, 234 people were paid more than 500,000 yuan, of which the highest single person was paid 1,310,000 yuan, which is an obvious effect of the protection of high-value medical expenses.
It can be seen that through the limitation of higher deductibles, most people's real claims received were less than 50,000 yuan, so the high coverage gimmick is more than effective.
2. Guaranteed renewal is definitely a plus
Most medical insurance policies are short-term and only cover 1 year, which means that if you are insured in that year, it will be difficult to get insurance in the second year. Therefore, the renewal terms are a must, focusing on the following details:
Do I need to make a new health notification when I renew my policy?
Can the policy be renewed/renewed at a higher rate when there is a change in health condition?
Can I renew my policy if I have already had a claim this year?
Can I renew if the product is discontinued?
Simply put, a product with a true guarantee of renewal will clearly state in its terms and conditions that it will not deny coverage based on the insured's health status or claims history, and that coverage must continue at the agreed rate and under the original terms and conditions.
3, value-added services icing on the cake
Far from it, the most important thing is: Critical Illness Green Pass, medical advances, anticancer drugs purchased, these three basically solves the problem of difficult to see the doctor, the problem of expensive to see the doctor.
Two, guaranteed renewal of million medical insurance1, Fosun beyond the insurance: deductible can be reduced
Beyond the insurance is Fosun United recently launched a million medical insurance, divided into two versions. The rules and renewal conditions of these two versions are the same, but the differences are as follows:
Deductible: Plan 1 has a deductible of 10,000 yuan, which is guaranteed to decrease by 1,000 yuan per year during the renewal period, and can be reduced to 5,000 yuan; Plan 2's deductible can be reduced to 10,000 yuan at the lowest;
Hospitalization allowance: Plan 1 pays 10,000 yuan to the hospital in the case of suffering from one or more of the 108 types of critical illnesses, while Plan 2 pays 10,000 yuan to the hospital in the case of suffering from one or more of the 108 types of serious illnesses, and Plan 1 pays 10,000 yuan to the hospital. Hospital allowance: Plan 1 pays 10,000 RMB for one or more of the 108 critical illnesses, while Plan 2 pays 15,000 RMB;
Hospital coverage: Plan 1 covers the general departments of designated hospitals of Level 2 and above; Plan 2 not only covers the general departments of hospitals of Level 2 and above, but also includes the special departments, the international departments and the VIP departments.
2, Ping An eShougang Insurance: big brands also have cost-effective
Peace of mind eShougang Insurance is a guaranteed renewable; the upgraded Ping An eShougang Insurance 2020 is a non-guaranteed renewable version, the difference is as follows:
Scope of the application: Ping An eShougang Insurance 2020 has a wider range of age, and the people from 0-60 years of age are eligible for the insurance;
Critical illness coverage: Ping An eShangHao 2020's critical illness coverage can cover 120 types of critical illnesses, while the Ping An eShangHao guaranteed renewable version only covers cancer;
Hospitalization and outpatient care: Ping An eShangHao 2020's coverage is for the first 30 days before and the last 30 days after the hospitalization, while the guaranteed renewable version, which is in line with the majority of the products on the market, covers the cost of outpatient and emergency care for the first 7 and the last 30 days before hospitalization;
Value added services.
Value-added services: Ping An eSurance 2020 adds two optional value-added services to the guaranteed renewable version:
①Overseas medical treatment has a sum insured of $6 million, which covers medical treatment in Asian regions other than China, with a 70% payout ratio;
②Proton Heavy Ion Protection reimbursement includes bed charges, nursing care, meals, examination and testing fees, treatment fees, diagnosis and treatment fee, medicine fee, etc. The reimbursement rate is 100%.
Overall, Ping An eShanghai 2020 is more complete than the guaranteed renewal version in terms of coverage and value-added services, but it does not guarantee renewal, so the two products have their own advantages, if you favor the Ping An brand, value-added services and coverage content can choose Ping An eShanghai 2020; if you are worried about the renewal issue, you can consider the guaranteed renewal version.
3, good medical insurance long-term medical: the number of insured people more than 20 million
Good medical insurance long-term medical is a long-term medical insurance products on the Alipay platform, the coverage content is comprehensive, 6 years *** enjoy 10,000 deductibles, 6 years of guaranteed renewals are written into the contract, premiums to support the payment of the monthly payment; the key cost of advancing the payment of the special anti-cancer drugs, access to the doctor's green light and other value-added services are included. Green Pass and other value-added services are all included.
It can be said that the cost performance is very high.
Three, non-guaranteed renewal of the million medical insurance
1, Zunxiang eSheng 2019: million medical leader
Zunxiang eSheng 2019's protection is very comprehensive, no matter it is a hospitalization, hospitalization 7 days after the 30 days of outpatient emergency, or outpatient surgery, special outpatient, Zunxiang eSheng can be reimbursed. In addition, you can also attach special treatment, medical treatment in Japan, proton heavy ion, etc., and free critical illness green pass, medical advances, tumor special drugs, etc..
It should be noted that the reimbursement of Zunxian eSheng 2019 for Special Needs, International and VIP is limited to specific diseases and surgeries:
Malignant tumors
Benign brain tumors
Specified transplantation surgeries: including major organ transplants or hematopoietic stem cell transplants, pancreas transplants, small intestinal transplants, cornea transplants, autologous hematopoietic stem cell transplantation.
Designated Major Surgery: Includes coronary artery bypass grafting, aortic surgery, valve replacement for severe infected endocarditis, total colectomy for severe ulcerative colitis, and ruptured cerebral aneurysm clamping.
This product is not guaranteed to be renewed, but it has a high sales volume and better stability, and will not be discontinued easily, so those who wish to have better medical care may consider this product.
2, Taiping Medical Insurance Worry-free 2019: hospitalization deposit direct payment
The Taiping Medical Insurance Worry-free has three versions, and the biggest feature is the additional value-added service of hospitalization medical deposit direct payment. In medical insurance, there is a difference between advance payment and direct payment of medical expenses:
Hospitalization advance payment service: advance a sum of money for treatment, fill in the form-approval-disbursement, pay a deposit to pay the treatment fee, and then go through the reimbursement process normally after discharge from the hospital; hospitalization direct payment service: go through the claim process directly after the application without paying the cash directly, the deposit and the settlement of the discharge, are the insurance company or the third party commissioned by the insurance company to settle the settlement directly with the hospital, and after the settlement is settled, that is, after the settlement of the claims.As you can see, the direct payment function is more convenient and efficient than the advance payment function. Most of the medical products on the market only have the hospitalization deposit advance payment function, while MediShield Worry Free 2019 can directly apply for the hospitalization direct payment service, which eliminates the trouble of claiming again.