2024 Indemnity Health Insurance Guide: Expert Analysis of 3 Key Selection Points and Comparison of 2 Policies

Indemnity Health Insurance - Lazy to Get Rich (懶得變有錢) Context

To all you lazy fans who want to be lazy but can’t, and those who can’t be lazy but really want to, last September I wrote about my concerns in this article: 【保險】複數實支實付法如果沒有了怎麼辦?, and it really happened.

Maybe you were wondering this month whether to buy indemnity health insurance? Yes, with the extension of original copy claims for indemnity health insurance to October and the new rules for participating insurance policies taking effect in July, everyone seems to have a little more time to consider. But don’t forget, the product may not necessarily be discontinued in October, but may be discontinued at any time, and once it is discontinued, it will never come back!**

So, lazy fans with a budget, remember to fully invest in a copy of indemnity health insurance.

Indemnity Health Insurance | A Type of Insurance You Must Have

What is Indemnity Health Insurance?

You already know from the name. You can also call it “actual reimbursement,” “reimbursement for what you spend,” or “reimbursement only when used.” The most important thing is that it is based on the principle of indemnity, avoiding the need to pay out of your own pocket when you encounter medical expenses.

But don’t think that the amount on the receipt will be fully reimbursed, because there are more details to understand.

What are the Advantages of Indemnity Health Insurance?

• Hospital room fees, surgical medical expenses, and miscellaneous medical expenses will be paid within the limit as long as the items are covered.
• Most of the money spent during hospitalization has a chance to be reimbursed from this policy.
• A policy that buys important protection with a small amount of money.

The 3 Words “Health Insurance” are Too Vague, Several Types Need to be Distinguished

Comparison Table of Indemnity Insurance / Surgical Medical Insurance / Hospital Daily Allowance Insurance

Here is a table to give you a clear overview of the differences between these three types of insurance.

How Much Indemnity Insurance Coverage is Enough?

According to the Ministry of Health and Welfare’s 111 Annual National Health Insurance Medical Statistics Report, in 2022, families spent NT$65.7 billion (USD $2.02 billion) on out-of-pocket medical and healthcare expenses for hospitalizations. The report also shows that the number of hospitalizations in 2022 was only 1.9 million (those who have been hospitalized, not counting the number of times). Based on this figure, the average cost per hospitalization is NT$240,000 (USD $7,385).

And this is just the average.

How to Choose the Right Indemnity Health Insurance for You?

Having indemnity health insurance is the most basic thing in insurance planning, but you still need to consider the following factors:

1. Do you have the money to buy it?
2. Do you have the money to buy it again?
3. Do you have the money to buy more?

Here’s a Statistical Table from the National Health Insurance Administration for You to See

2022 National Health Expenditure (Excerpt)

Source: Outpatient, Delivery Institution, and Hospitalization Detail Files from the Multi-Model National Health Insurance Database of the National Health Insurance Administration.

This table is just about the money spent! It simply looks at each average value (point), but what you see is only “National Health Insurance points,” which does not include “out-of-pocket medical expenses.” So what is this table for? It’s to tell you that these items are very expensive because even the National Health Insurance (健保) fees are expensive, so how can out-of-pocket items be cheap?

2024/06/20 Update on Insurance Companies Selling Indemnity Health Insurance

The following premiums are based on a 30-year-old female as a reference (premiums may vary depending on the insurance company’s adjustments / reference information does not represent a purchase recommendation)

3 Key Points for Choosing Indemnity Health Insurance

| Key Points | Explanation

條款細節搞清楚，2種醫療雜費怎麼賠？

延伸閱讀

Lazy Conclusion

懶大

金融科技新創 CEO | 獨立財務顧問

Indemnity health insurance is a must-buy insurance policy. No matter how the terms change in the future, you must buy it unless you are rich enough.

📩

訂閱電子報，獲取更多理財觀點

立即訂閱

🚀 已有 1,000+ 讀者加入理財成長之路