There are also products such as Pacific Healthcare Worry-free Million Dollar Medical Insurance, ZhongAn Dignity eLife 2022, and Ping An eLife Insurance Long Term Healthcare that can also reimburse hospitalization medical expenses due to illness or accident.
If you haven't figured out the difference between medical insurance and other life insurance, take a look at this article: What's the difference between critical illness insurance, medical insurance, accident insurance, and life insurance? Do they conflict when it comes to claims?
For insurance newbies, shopping for medical insurance is not an easy task, and today I'm going to talk about two considerations.
1, guaranteed renewal
Most medical insurance is short-term insurance, so after the expiration of the product coverage period, we have to face the problem of renewal.
The guaranteed renewal means that during the guaranteed renewal period, regardless of whether the product is discontinued or not, and regardless of whether or not the insured person has had an accident, or whether or not his or her health condition has deteriorated, as long as he or she still wants to buy it, the insurance company will agree to his or her application for enrollment.
If you focus on this point, you can consider getting this medical insurance: Pacific MediShield Millionaire Medical Insurance is guaranteed to be renewed for 20 years? Is this true...
2. Reasonable Deductibles
The deductible on a medical insurance policy means that medical expenses below this value are not reimbursed, and only the portion of the cost that exceeds this value can be reimbursed.
Seeing this, one should not think that the lower the deductible the better.
Because the premiums will be correspondingly higher in this case, there is no need to go overboard with low deductibles.
In order to save you the time of selection, the school sister has already inventoried ten excellent medical insurance products: the top ten million medical insurance rankings freshly released!
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