What are the commercial health insurance, and how to distinguish various products?
What are the commercial health insurance? According to the scope of protection, commercial health insurance is usually divided into three categories, namely, medical expenses insurance, disability income loss insurance and long-term care insurance. Medical expenses insurance is an insurance that pays for the medical expenses incurred by the insured due to illness or accident, also known as medical insurance. The expenses of medical insurance compensation generally include outpatient expenses, medicine expenses, hospitalization expenses, nursing expenses, hospitalization miscellaneous expenses, operation expenses, various inspection fees, etc. Disability income loss insurance is to compensate for income loss caused by illness or accidental injury. When the insured suffers accidental injury and is temporarily or permanently unable to work, he can get regular income compensation. Income compensation is mainly paid in the form of monthly fixed allowance. Long-term care insurance is a kind of health insurance based on the condition that the insured pays insurance money after losing the ability of daily living. The reasons for losing the ability of daily living are generally illness, accident or old age. How to buy critical illness insurance? I just sorted out the relevant contents about choosing the term or life, hoping to help you: the term of critical illness insurance VS life, how to choose?
What are the commercial health insurance? If classified according to the insured object, it can be divided into individual health insurance and group health insurance. Individual health insurance is health insurance with a single natural person as the insured, while group health insurance is health insurance with a group legal person as the insured and group members as the insured. In foreign countries, many medical expenses insurance are underwritten in the form of group health insurance.
According to payment methods, health insurance products can be divided into fixed payment, subsidy payment, cost compensation and service provision.
If classified by contract form, it can be divided into main insurance contract and additional insurance contract. The main insurance contract means that health insurance can be issued independently to cover the income loss and medical expenses caused by accidents or diseases. Additional insurance contract means that health insurance cannot be issued separately, but can only be used as additional insurance.
What are the commercial health insurance? I believe we all know from the above introduction. Of course, the above classification is more detailed. In fact, in simple terms, commercial health insurance can be divided into critical illness insurance and health insurance. The former mainly provides protection for some designated major diseases, while the latter mainly provides reimbursement and subsidies for hospitalization or medical expenses. However, no matter what kind of insurance, everyone should choose the most suitable product according to their actual situation.