If you don’t want to end up paying hundreds of thousands out of pocket for cancer treatment after purchasing a million medical insurance plan, or face policy cancellations mid-treatment for critical illnesses, this article is a must-read.
Honestly, I’ve seen too many tragedies where people were misled due to a lack of understanding about million medical insurance. That’s why I’ve written this comprehensive guide to explain how to choose the right plan, what pitfalls to avoid, and what is or isn’t covered. I’ve also reviewed dozens of million medical insurance products on the market and compiled a list of truly worthwhile options. To pick a high-quality million medical insurance plan, remember these four golden rules: 1. **Four Essential Coverages Must Be Included** When selecting a product, ensure it covers inpatient care, special outpatient treatments, outpatient surgeries, and emergency care before and after hospitalization. Missing any of these makes the product inadequate, as these benefits are critical during medical emergencies. For example, if special outpatient treatments aren’t covered, expensive procedures like kidney dialysis or cancer radiotherapy—which patients need regularly—would require out-of-pocket payments totaling hundreds of thousands. 2. **Stable Renewability** This is a point I always emphasize. Million medical insurance is essentially an annual product. If the contract doesn’t explicitly guarantee renewal, you might lose coverage if your health deteriorates or the product is discontinued. Always prioritize plans with long-term renewal guarantees (e.g., 20 years over 15, 6, or 1 year). Verify this in the contract—don’t rely on sales agents or advertisements. 3. Comprehensive External Drug Coverage** External drugs, which aren’t available in hospitals but are crucial for treating serious illnesses like cancer, are often exorbitantly priced and rarely covered by basic insurance. To avoid annual drug costs soaring to hundreds of thousands, choose a plan that covers external drugs at 100% reimbursement, as stipulated in the contract. 4. **Value-Added Services**This may not be something the average person pays much attention to, but as industry insiders, we know the difference a million-dollar medical insurance policy can make. Take expense advances, for example. When facing urgent surgery for a serious illness, you can apply to the insurance company for an advance payment, avoiding financial strain and the need to scramble for funds.
Another key feature is the medical green channel. Everyone knows how difficult it is to secure a hospital appointment, let alone schedule surgery with a specialist. However, with the medical green channel as an added benefit, you can arrange appointments and surgeries faster and earlier. These are the four golden rules for selecting a million-dollar medical insurance policy. Following these steps will help you avoid common pitfalls. Finally, the market is flooded with countless million-dollar medical insurance options. Comparing each policy’s terms would be an overwhelming task. To simplify this, my team and I have done the groundwork. After four rounds of screening based on selection criteria, we found that 90% of the products on the market have significant or minor coverage flaws, which are often hard for the average person to detect.
