For most policyholders, the purpose of buying insurance is to use the leverage of insurance to leverage high protection with less premium, so as to effectively prevent unknown risks.
Generally speaking, the unknown risk that the policyholder is mainly protected against is the risk of disease. As a result, many people pay more attention to long-term care insurance and medical insurance, but they have not figured out how long-term care insurance differs from medical insurance.
Here, Wutongjun will give you a detailed introduction to the difference between long-term care insurance and medical insurance, hoping to help you make a reasonable choice.
Long-term care insurance is an insurance product that provides long-term care services to the insured, which can cover the loss of daily living ability due to illness, injury, old age, etc., and thus need to be cared for by others.
During the insurance period, if the insured person needs to receive long-term care services, the insurance company will pay the insurance benefits according to the agreed benefit standard and limit.
Long-term care services include assistance with feeding, bathing and changing, oxygen, blood glucose monitoring, intramuscular injections, and more.
Medical insurance is an insurance product that is specially used to reimburse medical expenses, which can cover hospitalization expenses, outpatient expenses, drug costs, and so on.
During the insurance period, if the insured incurs corresponding medical expenses due to illness or accident and meets the claim threshold, the insurance company will reimburse according to the agreed proportion.
In other words, the main difference between long-term care insurance and medical insurance is the difference in the way of coverage.
Since long-term care insurance and medical insurance can provide different benefits, it is best to buy both. If you have a limited budget and can only purchase one of the two, you can give preference to medical insurance.
Medical insurance is more practical and can provide various medical guarantees for the insured starting from the insured person's participation. Taking million medical insurance as an example, regardless of whether the insured suffers from a major illness or a minor illness, the main expenses exceed the deductible, and the excess can be reimbursed according to the agreed proportion.
Long-term care insurance requires the insured to reach a certain level of disability before a claim will be paid. Compared with medical insurance, the probability of long-term care insurance will be relatively low, and it will not have much effect on the protection of young people.
Here, I will use some of the million-dollar medical insurance products on sale as an example to give you a further explanation.
In the above figure, we have sorted out the specific situation of 6 million medical insurances.
As you can see, there are many medical items that can be covered by million medical insurance, including general inpatient medical care, inpatient medical treatment for critical illnesses, outpatient and emergency services before and after hospitalization, special outpatient services, outpatient surgeries, proton heavy ions, purchased drugs, etc.
In other words, after the insured gets sick, all the medical expenses incurred can basically be reimbursed by millions of medical insurance.
In addition, Million Medical Insurance can also provide two particularly practical value-added services, one is the function of advance payment of expenses, and the other is the function of green medical channel. Both of these features can help the insured solve big problems.
In fact, the expense advance function is very important to ordinary people. In case the insured is sick and cannot pay a lot of medical expenses for a while, then the expense advance function can solve the urgent need, so that the insured will not be delayed due to the cost problem**.
Through the above content, we have clearly introduced the difference between long-term care insurance and medical insurance. In general, the difference between long-term care insurance and medical insurance is relatively large, and it can play its own role, and it is better to buy it at the same time.
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