It is very common to ask, How much is the ideal to spend on hiring my policy? To have a clear and concise idea, we must understand that it is quoted according to the age and sex of each member of the same, with all the insured added, and adding a policy right for all. The cost of each one is modified by making changes to the deductible, coinsurance, sums insured, and hospital level and removing or adding additional coverage.
How can I lower the price of my policy?
These are some options to consider to lower or enrich your insurance policy for major medical expenses.
- Deductible: The higher the deductible, the cheaper the cost.
- Coinsurance: The higher the coinsurance, the cheaper the cost.
- Sum insured: The higher the sum, the more the policy costs, but it does not influence both the cost and the deductible.
- Hospital-Level: The higher the hospital level, the higher the cost because more expensive hospitals are accessed.
- Additional Coverage: The more coverage you have, the higher the cost.
- Fee Tabulator: The higher the tabulator, the more the policy costs because the doctors will be paid more and will reimburse you more in consultations.
The recommendation to decide how much to spend on your medical expenses insurance policy is to take a policy that can be paid without affecting the family economy since the policy is prevention, and it is better to have an essential policy that covers you in a simple way, just not having it.
I compare having NPI insurance to having a car. You can have the basic car, without air conditioning, without comforts, several years old, but it fulfills the function of transporting you. Or you can have a car equipped, a recent model, with various luxuries, optimal levels of security, music, and that allows you to travel to other cities comfortably with your family. It depends on the budget you invested. It’s similar to insurance: if you bought something simple, don’t wait for an illness to go to the most expensive hospitals. But if you purchase something more complete, you will have more amenities, coverage, access to better hospitals, and even you will spend less money when an illness occurs.
There are those who think that they should insure only the parents and leave the children out. But what will happen if the son requires hospitalization? Is he not going to be treated? Or do you think that because it is lower, the cost of hospital care is lower?
And on the contrary, there are those who think that they should insure only their children because they are cheaper. But did you know that adults are at greater risk of disease? And in the face of an illness of those who are the breadwinners of the home, what problem is leaving the children?
There is no way that the whole family has insurance, parents, and children because anyone who gets sick would want both him and his relatives to be treated in a private hospital, with private medicine, and available when required. Who would wish otherwise?
Medical expense insurance is a luxury, it is having a backup against any illness, and it is extremely risky not to have it in case of an emergency since you run the risk of going into debt, requesting loans, or giving up assets in order to pay for hospitalization or treatment. That’s why protect yourself and protect your whole family; we want to help you achieve it.
Hire your insurance policy before something unexpected happens. Prevent and do not hesitate to contact me if you have any questions. We are here to help and advise you at any time.
