Hospital allowance, I think we are not strange, many accident insurance includes this responsibility - because of accidental hospitalization, insurance company will pay allowance to make up for the loss of income, is relatively practical.
Hospitalization benefit insurance is also a kind of medical insurance. The brief introduction is: the insured is hospitalized due to illness/accident, the insurance company will pay a daily allowance according to the agreed insurance amount. As far as claims are concerned, hospital allowance insurance is completely different from million medical insurance, small medical insurance, high-end medical insurance, etc. The amount of the claim is not affected by the specific loss/expense, only the amount you purchased and the number of days in hospital. Its biggest role is to compensate for the loss of hospitalization: the loss of income caused by the delay in work due to hospitalization; In special cases, there is no one to take care of (such as the elderly), and the labor costs paid by escorts are required; The related expenses incurred by recuperation and conditioning, etc. Therefore, this kind of product still has a certain practicality. The product form is often very simple, the core protection content is the allowance paid for hospitalization due to accident/illness, and some products will increase the amount of compensation according to conditions such as severe illness or hospitalization in intensive care unit.
Talk about its shortcomings, one is the existence of moral hazard: some people say that hospital allowance insurance is "lying can make money" insurance, using "money" to describe a life insurance product itself is wrong. Yuanxu Jun stressed countless times that the insurance name "insurance", the basic role is to guarantee, once the insurance is regarded as a tool for profit, it is easy to breed unethical behavior. The second is the high probability of claim: the loose insurance threshold and claim threshold make the product claim probability high, which increases the difficulty of product underwriting and will also affect the renewal of insurance. Third, it is difficult to renew the insurance: such products as hospitalization allowance insurance are easy to stop selling, and it is normal to buy this year and not next year. This is why insurance companies are not happy to sell these products separately, but are usually bundled as an add-on to critical illness insurance.
So should we buy hospital benefits insurance or not? In my opinion, hospital allowance insurance is useful but not necessary. Different people can choose according to the situation.
Who should not be considered for the time being? People whose basic security has not been fully provided. Hospital benefit insurance is generally cheap and attractive, but it does not cover the core risk. Hospital allowance insurance is of little use in the face of illness or accident. It might be the icing on the cake, but what we need more is a lifeline. Therefore, the limited budget should be spent on the knife edge, medical insurance (reimbursement type), serious illness insurance, accident insurance, life insurance is the first type of insurance we should configure, which can help us transfer risks to a greater extent.
Who should consider buying? The four major insurance types have been matched and want to further improve the protection of people. In view of the payment mode of hospitalization allowance insurance, it can complement with reimbursement medical insurance to further improve and enrich our security system.
Little things like hospital benefits insurance have a limited effect, and whether you buy them or not makes little difference. Remember the first rule of insurance? Must plan first, after the product. We may wish to ask ourselves, is the family protection in place? Can it withstand the economic pressure of risk? Formulate a complete plan and then targeted to look at the corresponding products, in order to have a target, a more reasonable construction of a good guarantee.
