Reported 9 months ago
As of June 27, 2024, policyholders are advised to review their accident medical coverage and make additional purchases if necessary before the changes in medical insurance policies by the FSC come into effect on July 1. Several insurance companies still accept duplicate accident medical receipts for claims, unlike the upcoming standard practices. Companies like Fubon Life have announced plans to discontinue certain supplementary medical insurance policies that allow claim with duplicates and have guaranteed renewability until June 30, creating a buzz in the industry. Policyholders should act quickly to supplement their coverage. Take note of the new regulations that limit claim amounts and require original receipts, potentially impacting both inpatient and accident medical insurance. Despite most companies' requirement for original receipts in policy terms, there is room for flexibility during application for secondary accident medical insurance. Some companies, such as Cathay Life, Taiwan Life, and Global Life, are still willing to accept applications for secondary accident medical insurance before the new regulations are enforced.
Source: YAHOO