1. The former mainly covers sudden illnesses and accidental injuries, while the latter focuses on chronic illnesses and long term care. There are differences in coverage, liability and duration, etc. You need to understand the terms and conditions and the reputation of the insurance company in detail before purchasing in order to get proper coverage.
2. Million Dollar Medical Insurance is a kind of medical insurance for sudden illness or accidental injury. It usually provides a certain amount of coverage, such as a million dollars, to cover medical expenses. Million-dollar medical insurance usually has a short term, usually one year, and needs to be renewed annually. It usually covers hospitalization expenses, surgical expenses, outpatient expenses, etc., and different insurance liabilities and additional insurance clauses can be selected according to the agreement of the insurance contract.
3. Long-term medical insurance, on the other hand, is a kind of insurance that specializes in chronic diseases or long-term care. It usually provides long-term insurance coverage and can cover medical expenses for a longer period of time. Long-term medical insurance usually does not have a specific amount of coverage, but instead pays out according to the actual medical expenses incurred. It usually covers long-term care costs, rehabilitation costs, rehabilitation equipment costs, etc. and allows you to choose from a variety of insurance liabilities and additional insurance clauses as agreed in the insurance contract.
Million Dollar Medical Advantages:
1. High coverage: The coverage of million dollar medical insurance is usually more than 1 million dollars, and some of them are even as high as 5 million dollars or more. Such high coverage can meet the treatment needs of some major diseases or accidents and provide better protection for patients.
2. Low premiums: Compared with other insurance policies, the premiums of million-dollar medical insurance are relatively low. Generally speaking, the premium is calculated based on the age, gender and insured amount of the insured, and the premium does not increase with the increase of the insured amount.
3. Wide range of coverage: Million Dollar Medical Insurance has a very wide range of coverage, which includes not only hospitalization medical expenses, surgical expenses, examination expenses, etc., but also outpatient expenses, treatment expenses for special illnesses, etc. This is a good way to ensure that you will be able to get the best out of your life, whether due to accident or illness. In this way, no matter whether it is because of an accident or an illness that requires medical treatment, you can get some protection.
Disadvantages of Million Dollar Healthcare:
1. Limitations on the percentage of benefits: Although Million Dollar Healthcare has a very high insurance coverage, the percentage of benefits is often subject to certain limitations. Generally speaking, the insurance company will only pay out about 80% of the medical expenses, and the remaining 20% needs to be borne by the patients themselves.
2, high deductible: most of the million medical insurance products have a deductible of more than 10,000 yuan, that is to say, the patient needs to bear 10,000 yuan of medical expenses. Although this may not seem high, it can be a significant expense for patients with minor ailments.
3. Possible false claims: Since there is a limitation on the percentage of payout for million-dollar medical insurance, some unscrupulous people may take advantage of this opportunity to make false claims and cheat the insurance company.
In summary, million-dollar medical insurance focuses on the medical expenses of sudden illnesses and accidental injuries, while long-term medical insurance focuses on the medical expenses of chronic diseases and long-term care. The two differ in terms of insurance coverage, insurance liability and insurance period. Therefore, when purchasing insurance, you need to choose the suitable insurance product according to your needs and risks. It is recommended to understand in detail the terms of the insurance contract and the reputation of the insurance company before purchasing the insurance to ensure that you get the right coverage.
Legal basis:
"Regulations on the Handling of Medical Accidents"
Article 2
Medical malpractice, as referred to in these regulations, refers to the medical institutions and their medical staff in medical activities, in violation of health care management laws, administrative regulations, departmental rules and regulations and diagnosis and treatment norms and routines, negligence caused by the patient's personal injury accident.