Now, million-dollar medical insurance has been recognized by more and more people. After all, only a few hundred yuan of premium a year can leverage millions of medical insurance coverage.
However, there are still many people who don’t know what million-dollar medical insurance is used for, nor do they know whether they are suitable for buying million-dollar medical insurance.
So what exactly is the million-dollar medical insurance? Who is it suitable for? Let’s take a look.
1. What is million-dollar medical insurance?
Million-dollar medical insurance is an insurance product that can reimburse medical expenses such as outpatient expenses and hospitalization expenses caused by illness and accidents.
The biggest feature of million-dollar medical insurance is its high insurance coverage, which can cope with the medical expenses of major diseases and provide sufficient financial protection for the insured. It usually covers various medical expenses such as hospitalization, surgery, medicine, outpatient care, etc., and depending on different insurance products, it may also include specific value-added services, such as rehabilitation care, psychological counseling, etc.
However, the million-dollar medical insurance is a reimbursement-type insurance. If the insured needs reimbursement, he or she needs to apply for compensation from the insurance company with invoices and other receipts.
In addition, the reimbursement threshold for million-dollar medical insurance is relatively high, usually with a deductible of around 10,000 yuan. Only the portion of out-of-pocket expenses that exceeds this deductible can be reimbursed according to the agreed proportion.
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2. Who is suitable to buy million-dollar medical insurance?
In fact, million-dollar medical insurance is suitable for most people, especially the following groups of people are suitable for buying million-dollar medical insurance:
( 1 ) People with limited budgets : Million-dollar medical insurance has a high cost-effectiveness ratio and relatively cheap premiums, making it suitable for people with limited budgets.
( 2 ) People who have medical insurance needs : Million-dollar medical insurance provides comprehensive protection and can be used as a supplement to medical insurance. It is suitable for people who have medical insurance needs.
( 3 ) Family breadwinner : The family breadwinner is the economic pillar of the entire family. Purchasing a million-dollar medical insurance policy for the family breadwinner can prevent excessive burden on the family due to high medical expenses.
( 4 ) Good health : Because million-dollar medical insurance has certain requirements for the insured’s health status, if there are any abnormal physical conditions, it may affect the insurance.
3. Summary
In general, million-dollar medical insurance has the characteristics of “comprehensive protection, high insured amount and low premium”. Whether it is adults or children, as long as anyone can afford million-dollar medical insurance, they can buy one to cover the economic risks brought by serious illness.
