Posted by Does the United States have a separateCritical illness insurance?
This is a question frequently asked by domestic customers.
The answer is yes, specificCritical illness insurance, The insurance market in the United States is a very small type of insurance.
in China,medical insuranceIt is a system that protects the small but not the big. Usually we have a headache and brain fever. It may not cost money to go to see if we have medical insurance.However, China's medical insurance has a cap. If you get a serious illness and the treatment process exceeds a certain cost, the insurance company will not pay it.So it’s a serious illness in the Chinese marketCritical illness insuranceIt is a relatively large type of insurance.
In the United States, conventional medical insurance is a system that insures the big but not the small. Depending on the medical insurance plan, there are different out-of-pocket amounts and expenditure ceilings. The cost of registration and medical treatment is almost the same with or without medical insurance.On the contrary, the US medical insurance has no cap.We say that the US medical insurance is designed for people who can’t afford it when something big happens.So in the U.S. insurance marketSerious illnessIt is a very small type of insurance.
In the United States, purchasing medical insurance is a "personal obligation."If you do not purchase health insurance, you will need to pay a fine when filing taxes.If you have a job, the general work unit will have a preferential insurance plan to choose from, and you, your spouse and children can participate.If you do not have a job or need to buy insurance yourself for other reasons, you need to buy it on the open market.The most reassuring point is:Insurance companyIt is not possible to refuse coverage because the insurer is ill.
Another point, in China’s medical insurance andCritical illness insuranceThe difference is that the former is used for minor illnesses and the latter is used for serious illnesses; while in the United States, the difference between the two types of insurance is that the insured person needs treatment or care?That is to say, do you need to go to the hospital for medical treatment when you are sick, or do you need a nursing worker or specialized personnel to take care of your life because of some reasons that make you unable to take care of yourself.
In addition, the domestic concepts and definitions of major and critical illnesses are quite confusing, while in the United States, there are clearer/independent treaty definitions for this type of insurance:
"1. Major illness insurance Critical Illness" heart disease, stroke, cancer, kidney failure, major organ transplantation, muscular dystrophy, blindness, paralysis and other serious life-shortening diseases or conditions;
"2. Chronic Illness" due to a certain chronic disease, which seriously affects the daily life of the insured, resulting in the inability to take care of themselves.According to the six living abilities (bathing, toileting, dressing, eating, short-distance movement, and incontinence) announced by the US Department of Health, two of them cannot be completed by themselves for more than 90 days;
"3. Terminal Illness" is diagnosed by a licensed doctor that the life of the insured person will end in the next 12-24 months due to an accident or a certain disease;
The sum of the above three types of insurance is similar to the domestic critical illness medical insurance, which provides cash benefits when the insured suffers from a major illness, chronic disease or terminal illness, which is commonly referred to as living benefits (living benefits)
For many Chinese customers, this type of insurance is the same as medical insurance in the United States, as there is no way to purchase it because they are not residents of the United States.However, life insurance in the United States that foreigners can purchase usually contains clauses for critical illness claims, providing you with another alternative.
There are many life insurance in the U.S.Critical illness claimsThe clause in English is Accelerated Benefit Rider, which means that when the insured suffers a very serious illness due to illness or accident, the insurance company can pay part of the life insurance claim in advance (up to 80%, not more than 100 million), and the rest The claim will be paid to the beneficiary after his death.It includes the above major diseases, chronic diseases and terminal illnesses.
Life insurance in the United States was once only available to American residents, but in recent years, many companies have opened up overseas markets.
For Chinese (non-green card holders) to apply, the requirements for applying for U.S. life insurance are roughly as follows:
– The insured must submit a life insurance application in the United States;
– The insured must receive a medical examination by the insurance company in the United States;
– The premium must be paid through a U.S. bank account, and the policy will not take effect until the first premium is paid;
– Some companies require policyholders to have some closer financial ties with the United States.For example, owning U.S. real estate, or having an operating company in the U.S.;
Each insurance company has its own review guidelines, with different requirements, specific details, and what kind of insurance is suitable for you. You need to communicate with professional insurance brokers to design a suitable insurance plan for you.
Take the National Life Insurance Company, which first proposed the concept of pre-mortem benefits, as an example. The products are currently provided to policyholders including terminal illnesses (the contractor has 24 months of life left),Heart disease, stroke, cancer, kidney failure, major organ transplantation, muscular dystrophy, blindness, burns, traumatic brain injury, and chronic disease free ante-mortem benefits.
U.S. Critical Illness Insurance Critical Illness Life Insurance Commercial Supplementary Medical Insurance Purchase page: https://thelifetank.com/product/illness-focus-indexed-universal-life-iul
