Million medical insurance has become incredibly popular in recent years…
Many insurance agents promote it by saying: ‘It costs only a few hundred yuan a year but covers millions in expenses—you must buy it.’ However, no one tells you the four harsh truths behind it. Purchasing it doesn’t guarantee peace of mind. Let’s examine them: First Truth: Minor Illnesses Are Rarely Covered.** Many people are unaware that hospitalization costs, especially after reimbursement, often don’t reach the deductible threshold. Statistics show that the average hospitalization cost in tertiary public hospitals is just over 12,000 yuan, while secondary hospitals are below 6,000 yuan. Even if all treatment costs are-covered at a 70% reimbursement rate, the out-of-pocket expense for tertiary hospitals is only around 3,000 yuan—far below the of most million medical insurance policies. These policies only cover expenses exceeding 10,000 yuan after reimbursement. Thus, minor treatments receive no payout. Only major illnesses like breast cancer, gastric cancer, or coronary heart disease, which cost tens or hundreds of thousands, qualify for coverage. **Second Truth: Cumulative Renewal Premiums Are Shockingly High. Some may argue, ‘It’s only a few hundred yuan now—very affordable.’ The current low cost is due to youth. Premiums increase with age. For example, one policy costs 200–600 yuan annually for ages 20–40 but skyrockets to over 3,000 yuan at age 60—a fivefold increase. Later, premiums can exceed 10,000–20,000 yuan per year. Another issue: million medical insurance uses natural pricing, meaning premiums rise with age. This creates a dilemma: when older and prone to illness, income may vanish while insurance becomes unaffordable. Prepare mentally for this. If budget is tight, start with affordable million medical insurance and later supplement with critical illness insurance, which has lower long-term costs. Opt for coverage—details are analyzed here. **Third Truth: Many Policies Exclude Out-of-Hospital Medications. Out-of-hospital medications, like or drugs, are prescribed but unavailable in hospitals and extremely expensive. For instance, human albumin for some cancer patients costs over 600 yuan per vial.A single injection of bone cement for fractures can cost up to 30,000 RMB. If the hospital doesn’t prescribe it, you’ll have to purchase it externally. Most million-RMB medical insurance plans don’t cover these expenses—only a few top-tier products offer reimbursement. Click here for details.
Many products claim to cover externally purchased medications but only reimburse 100-200 types of “special drugs.” Truly comprehensive million-RMB medical insurance plans that cover all externally purchased medications without restrictions are rare. Under the current DRG healthcare reform, more people face this dilemma. When hospitals lack advanced medications, patients must pay out of pocket, wasting time, effort, and money. The most brutal truth: over half of the products on the market are annual policies with no renewal guarantees. If you file a claim or the product is discontinued, your coverage ends immediately. Only a handful of excellent million-RMB medical insurance plans offer 20-year coverage, ensuring protection regardless of health changes or claims. A very few insurers even provide lifetime coverage for critical illnesses like cancer. For specific product recommendations, check the final review or click here to consult. Summary: Million-RMB medical insurance isn’t entirely unworthy—it has advantages and can be life-saving in critical situations. However, understand its limitations, including the truths no one tells you, and set realistic expectations. Don’t buy impulsively due to low costs. With so many mixed-quality products, compare carefully to avoid wasting money on inadequate coverage. Our team spent three days compiling a list of truly worthwhile top-tier million-RMB medical insurance products. Here’s the detailed review: V. Top-Tier Million-RMB Medical Insurance Product Review These plans feature “zero deductibles,” cover all externally purchased medications and equipment without restrictions, and guarantee 20-year renewal. Here’s the buying advice: For comprehensive external medication coverage, choose Star Guardian (Plan 1) or Blue Healthcare (Good Medicine Edition). Blue Healthcare (Good Medicine Edition) Pacific Health Insurance Medical Insurance 20-Year Renewal Guarantee Covers Specialized Treatments Reimburses Anti-Cancer/External Medications View Review Both products reimburse general externally purchased medications without restrictions, guarantee 20-year renewal, and offer comprehensive coverage.The Star Guardian plan offers higher coverage at a relatively lower cost, while the Blue Medical Insurance plan provides zero deductible for common external medications, resulting in a lower reimbursement threshold. Click here to access the policy link and calculate premiums.
For stable cancer protection, consider the Heart Medical Insurance (Longevity Edition) or the Good Medical Insurance (Flagship Edition 2025). Expenses incurred at special needs departments, international departments, and private hospitals are also reimbursable, with no restrictions on the list of external medications.
