Reported 12 months ago
In order to address differing needs and budget constraints for health insurance, insurance companies emphasize the importance of understanding and implementing a three-stage process to purchase the most suitable health insurance coverage. It is advised that individuals, especially those from lower-income groups, prioritize basic protection through term health insurance, actual-cost health insurance (including accident medical insurance), and disability insurance in the initial stage. As income increases, enhanced health insurance like lifelong medical insurance and cancer insurance should be considered in the second stage. Planning early for elder medical insurance, specific disease insurance, and disability assistance insurance is recommended in the third stage. Adequate planning based on budget, family medical history, and personal requirements can help alleviate the financial burden on family members and ensure quality medical care for patients in case of major illnesses or disabilities.
Source: YAHOO