Which is more important, millions of medical care or critical illness insurance?

It is recommended that all adults buy one. Millions of medical insurance can be used to reimburse large medical expenses, and critical illness insurance can be used to make up for income losses. The two can complement each other and get more comprehensive protection. If the budget is limited, it is recommended to give priority to millions of medical insurance and reimburse unlimited diseases. Whether it is appendicitis surgery or cancer hospitalization, as long as the eligible hospitalization expenses are deducted, the maximum reimbursement can be several million.

(1) The guarantee period is different.

The guarantee period of millions of medical insurance is generally one year, and the guarantee period of millions of medical insurance with partial guarantee renewal is as long as 20 years.

The critical illness insurance can be divided into term insurance (usually the longest is 70 or 80 years old) or life insurance, which is much longer than the million medical insurance.

(2) Payment method

The payment method of million medical insurance is reimbursement, and the insurance company reimburses the reasonable and necessary expenses incurred by the insured due to illness.

One disadvantage of this reimbursement method is that the insured may not have enough money to treat the disease in the early stage.

Critical illness insurance means that when the disease is diagnosed or reaches a certain state as agreed in the insurance contract, the insurance company will pay the insurance money in one lump sum according to the agreement.

We can use this money freely, which can be used to pay medical expenses and repay debts. And the insured who reimburses millions of medical insurance cannot use it at will.