Illnesses do not warn: benefits of having insurance for major medical expenses

 Illnesses do not warn and when you have to pay for something urgently, that is where insurance for major medical expenses is very useful , so that you can receive the medical attention you require in a timely manner . There are several benefits of having one for you and your family members, since they provide you with financial security so that you do not lose capital .

Benefits of having major medical insurance

These instruments protect you from sudden disbursements derived from an illness, accident or emergency , by means of an insured sum , which is the amount that the insurance will disburse when eventualities arise with your health or that of your loved ones . These are some benefits of having major medical expenses insurance :

• They maintain your economic stability. This insurance policy gives you the possibility of accessing timely health services without causing damage to your finances
• You have access to first class hospitals. You will receive quality care for any eventuality, where you can choose the hospitals and clinics you choose at the time of contracting it
• Coverage for recurring expenses. It supports you when you have an incident or accident, covering therapies, medications or rehabilitation that could last a long time.
• Prevent your health. It allows you to stay healthy through check-ups through medical consultations with specialists or taking laboratory tests
• Maternity support. When the family grows, major medical expenses insurance gives you financial support when there are costs derived from the arrival of new children
• Attention abroad. It protects you from unforeseen events if you are out of the country, which can mean a huge expense if you are traveling

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How to choose major medical expenses insurance?

The National Commission for the Protection and Defense of Users of Financial Services (Condusef) in conjunction with the Mexican Association of Insurance Institutions (AMIS) , developed a simulator of major medical expenses for users to compare the coverage and costs of each one of them and choose the one that suits you best.

How to use the simulator?

To use the simulator you must enter the age and sex of the people you want to insure , choose the deductible range that you can pay and the tool will show you a comparative table of the annual cost that the different institutions offer for this type of insurance.

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You will find variations in each of them and you should review the basic and additional coverage , the latter may or may not imply an additional cost, which may be a differentiator for which you decide to contract between one institution or another. Here we leave you the link of the simulator.

Remember, the deductible will be the fixed amount that you will cover from the moment you take out a policy when eventualities related to your health occur, such as an illness or accident and it is not refundable, while the coinsurance is the percentage that you will pay in conjunction with the insurer for this purpose.