2. Different payment methods: health insurance is a payment method in which the insured pays medical expenses in advance and then reimburses them with hospitalization certificates, original invoices and other materials during hospitalization, while critical illness insurance is an early payment type. Once the insured is diagnosed as a serious illness protected by critical illness insurance, the insurance company will pay the insured a certain amount of compensation according to the critical illness insurance contract;
3. Different coverage periods: health insurance is short-term insurance, usually the duration of health insurance is one year, while critical illness insurance is long-term insurance, and critical illness insurance can be guaranteed for life at the longest;
4. Different functions: health insurance is a supplement to medical insurance and belongs to compensation insurance, while critical illness insurance is compensation insurance, which compensates for the expenses caused by personal safety damage.
The above is the difference between health insurance and critical illness insurance.
Why the longer the payment time of health insurance, the better.
Because of the long payment time, although the total payment is likely to be slightly higher, each payment will be less, which will not cause great pressure on the family. Coupled with interest and other factors, the actual cost may not be higher than the one-time payment method. Extend the payment period, the annual insurance premium is less, and the annual pressure is less. If short-term insurance claims are settled, long-term payment is more cost-effective.
Why should medical insurance be paid for 20 years?
Because for the health insurance of that year, if you choose a short payment period, you have to pay more every year. If you choose to pay for 20 years, the annual insurance amount will be relatively low. Compared with five-year or 10-year health insurance, there will be more and more exemption rights for 20-year payment. For example, if you choose the payment method of 10 year, you will not be exempted after paying the insurance premium. This paper mainly talks about the difference between health insurance and critical illness insurance, and the content is for reference only.