Do You Need Medical Insurance?
We give you some tips to acquire it
World Health Day is celebrated on April 7, no doubt this date puts to think several about their welfare. How is your Health? Is it good? Take into account that our state of health can change in the blink of an eye, so it is important that you take actions to protect yourself.
For example, taking out insurance for major medical expenses can prevent you from being over-indebted and putting your financial stability at risk, as it supports you in the event of an accident or illness, as long as you are covered.
For this type of insurance we recommend you
Evaluate your needs and those of your family, so the person who requires to use insurance, will obtain the greatest benefits.
Approach an insurance agent to advise you on what you need and verify that it has a valid certificate from the National Insurance and Bonding Commission (CNSF).
Compare the advantages and disadvantages in several insurers; Do not let yourself be carried away by the price but by what they offer you. In the Bureau of Financial Institutions you can know the general qualification of the products offered by the Financial Institutions; among other things. Check it
Make sure the institution is registered. Check the Registration System of Financial Services Providers (SIPRES), available on the Werther website, where you will find the institutions that are duly authorized.
Review your policy Do not sign any contract if you have any questions or are not satisfied with something.
Check the content of your policy and verify that the coverage of the plan you contracted covers your needs.
Most common errors
Do not consider it useful. An insurance of major medical expenses supports you before a health problem, preventing you from losing a greater amount of money.
Not inform you Do not make assumptions about the benefits offered by insurance or its cost. Approach the institution of your choice and request all the information you need to make a decision.
Ignore that you have medical insurance. Share this information with your family, as well as the place where you keep your policy, in order to have the support of someone in case you need it.
Provide incorrect information All the information you provide must be true. Do not forget to mention if you have any illness or if you practice a dangerous sport.
Cancel the insurance. Maybe on more than one occasion you have trouble paying your insurance and you are tempted to not pay the policy, remember that it may be a reason for cancellation, so do not forget to be very punctual in the payments.
Familiarize yourself with the following terms:
Policy: It is composed of the Cover, (indicates the coverage), General Conditions (clauses of the contract, contains the details of coverage and exclusions), Deductible and Endorsements.
Coverage: What your insurance does cover.
Premium: Price of the insurance.
Deductible: Amount of money you contribute each time an accident occurs, so that the insurer indemnifies you.
Exclusions: What your insurance does not cover.
Sinister: Illness or accident that can be compensated by the insurer.
Sum insured: It is the maximum amount that the insurer will pay for each claim (illness or accident) that is presented to you.
Waiting period: Period of time established in the policy, starting from the insurance contract, during which the insurer does not cover the expenses for the medical attention or treatment of certain diseases or illnesses.
Pre-existence: It is the illness or illness that started before the hiring of the Medical Expenses Insurance and that consequently they are not covered by the insurance.
When making your budget and decide on what to invest your money, think about taking out insurance to help you take care of your health and to solve any expense derived from any illness or medical emergency; so you can maintain a healthy finances.