How much is commercial medical insurance a year? Is it expensive? ​

How much is commercial medical insurance a year? Is it expensive?

I believe that many people have heard the discussion of how much is commercial medical insurance a year. This is not surprising. With the improvement of people’s risk awareness, buying insurance has become the choice of many people.

Commercial medical insurance is a supplement to social security. Although both can reimburse medical expenses, there are still differences between the two. Social security has a unified payment standard, and different types of commercial insurance premiums are related to many factors, such as age, occupation, and so on. Therefore, how much is the commercial medical insurance per year? This question needs to be determined according to the specific situation. Later, Dad will tell you the answer according to the specific situation. The following is a detailed explanation of the knowledge of commercial medical insurance:

What is commercial medical insurance?

Commercial medical insurance is a name that is different from social security. It refers to profit-making medical insurance operated by insurance companies. Consumers pay a certain amount of insurance premiums, and when they encounter major diseases, they can obtain a certain amount of medical insurance expenses from the insurance company.

Not everyone is eligible to purchase commercial medical insurance, and the insured can only purchase it if the insurance conditions are met. If the conditions are not met, such as the fact that the health notification is not truthfully informed, the compensation will also be refused after the accident.

Commercial medical insurance is constantly improving with the reform of China’s medical system. At present, the common medical insurances on the market include hospitalization medical insurance, accidental injury medical insurance, special disease insurance, and so on.

It can be seen from the naming of these medical insurances that they are produced for different situations to provide different protections.

Next, Dad will focus on the most common medical insurance: a comparative evaluation of millions of medical insurances, and give you reasonable insurance suggestions.

How to choose commercial medical insurance?

Many factors need to be considered when choosing a commercial medical insurance plan that suits you. For example, the stability of the product. If the product stability is not strong, it may be removed from the shelf halfway, then this guarantee will be broken. Usually, we can judge whether the stability of the product is good or not through the renewal conditions.

Whether the renewal conditions of the product are loose, and whether it will affect the subsequent renewal of the insurance if the accident occurs. Because commercial medical insurance coverage is generally 1 year or less. If there is a guaranteed renewal right, the policyholder’s guaranteed renewal right will not be terminated due to the same suspension of the insurance. This is a point that many products will mention, the right to renew, so you must pay attention when applying for insurance.

Whether the renewal conditions of the product are loose, and whether it will affect the subsequent renewal of the insurance if the accident occurs. Because commercial medical insurance coverage is generally 1 year or less. If there is a guaranteed renewal right, the policyholder’s guaranteed renewal right will not be terminated due to the same suspension of the insurance. This is a point that many products will mention, the right to renew, so you must pay attention when applying for insurance.

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By Michael Caine

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