Friends who have a certain understanding of insurance know that in the field of medical insurance, deductible is a more important content.
Of course, because there are so many million medical insurance products, the deductible rules are different.
Some products have 10,000 yuan, and some products do not have a deductible. So, is it necessarily better if there is a 0 deductible?
What are the advantages of 0 deductible million medical insurance?
First of all, of course, the reimbursement threshold is very low.
Because the more common deductible of million medical insurance is 10,000 yuan.
After the medical insurance reimbursement, the amount that can be reimbursed after deducting the deductible is still very high.
However, the existence of a deductible means that relatively low medical expenses are most likely not reimbursed.
And if it is 0 deductible, there is no need to worry about not being able to reimburse relatively low expenses, even if it is a few thousand yuan of medical expenses.
It can even be said that no matter whether it is a major or minor illness, as long as you are hospitalized, it can be reimbursed within the scope of insurance.
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Secondly, the insurance coverage of purchased drugs for products with 0 deductible will be better.
For example, some products can fully cover the list of purchased drugs, and new drugs can be added synchronously in real time, and the guarantee is quite comprehensive.
In this way, there is no need to worry about going to the hospital to buy medicine but not being reimbursed.
Moreover, some products also stipulate that if you buy drugs at designated pharmacies, the insurance company can directly settle with the pharmacies, and we do not need to pay in advance and then reimburse.
Is Million Dollar Medical Insurance with 0 Deductible Necessarily Better?
First of all, affirm that the premium is more expensive.
Because if there is a 0 deductible, the reimbursement threshold will definitely be lower, so there will be more items to apply for reimbursement.
Insurance companies will definitely need more premiums to take on more risk when they are under more pressure to settle claims.
For example, in a certain million-dollar medical insurance, a 30-year-old man is insured with an insurance amount of 1 million.
In the case of only buying basic benefits, if there is a deductible of 10,000, the annual premium is 352 yuan, and in the case of 0 deductible, the annual premium is 766 yuan.
There is still a big gap between this.
Secondly, the renewal conditions are not very good.
In fact, many million-dollar medical insurance products with 0 deductible are not very renewable.
Because if we are considering a million-dollar medical insurance product, guaranteed renewal is an important protection.
If you can guarantee a renewal for 20 years, it is a good guarantee.
With a 0 deductible, it may need to be re-underwritten and re-insured every year.
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If you have made a claim in the previous year, or if your health condition has changed, it may be difficult to re-insure the next year.
Is it necessary for us to buy a million-dollar medical insurance with 0 deductible?
In fact, whether to consider whether to have a 0 deductible product or not depends on our specific needs.
The stability of the renewal of the million medical insurance is really a very important condition, whether we are young or old, it is definitely better to ensure the renewal.
For example, some products with zero deductible have not sold much, but there are more claims, so they have been discontinued in just a few years.
Most of the 0 deductible products with relatively stable operation are not guaranteed to be renewed.
Therefore, in fact, it is actually better to buy a product with a deductible but can guarantee renewal for 20 years than to buy a product with 0 deductible but not guarantee renewal.
Overall, the deductible of the Million Medical Insurance has been a point of contention.
In fact, we choose products based on our actual needs, and we can choose the right guarantee for ourselves by comparing them more.