What is health insurance?

General information about “Health insurance”

Healthcare insurance is known as a type of insurance for the cases such as injury, accident, illness, disease or health care that paid by insurance companies as agreed in the contract.

Typical characteristics of health insurance compared with other insurance:

- Contract duration: 1 year

- Objects of insurance: People (life, body, health ...)

- The typical personal health insurance services:   health insurance, health care insurance

Personal accident insurance

Personal accident insurance is insurance operations which insurers commit to pay for the insured (beneficiary) the amount of the contract as agreed when the accident occurred suddenly make people get death or harm their body.

Accident insurance events covered occur (in Vietnam) by surprise, beyond the control of the insured, from outside impact on the insured's body and causes directly insured for death or bodily injury; or the insured may act rescuing people and property of the state, the people and engaged against the illegal actions

The coverage of the insurance products of this type is the fatal accident or bodily injury of the insured

The common products of personal accident insurance in Vietnam today:

- Personal accident insurance 24/24

- Passenger Accident Insurance

- Coverage students

Health Insurance

Health insurance is the insurance business in order to ensure payment of a part or the entire cost of health care for the insured when they got sick or ill, sickness, maternity ... The insurance contract may also extend insurance payments when the insured person dies and it also provides the payment of medical expenses in the event of the insured accident treatment. This insurance may be insurance enterprises deploying combined with accident insurance within the same insurance contract

This insurance is only paid when the insured is indicated for the treatment (inpatient and outpatient or). Insurers will not pay if only incurred medical expenses happen but that are not treated payment. In many countries in the world as well as in Vietnam today, besides health insurance regime by implementing social security, health insurance usually can be made by the commercial insurers (business variety of different insurance operations) or commercial insurers professional (only the health insurance business)

The health insurance services are primarily conducted business:

- Coverage for hospitalization and surgery

- Insurance supports hospital payment

- Surgical support Insurance

- Medical expenses support Insurance

- Insurance of dangerous diseases

Healthcare insurance

Healthcare insurance is a combined program between insurers and institutions, units involved (medical facilities, banks, organizations, businesses, etc.) with the purpose of paying the medical examination cost. In many countries, this coverage is carried out as a supplement health insurance.

The coverage of this insurance is relatively flexible, including:

Pay for medical, laboratory, ultrasound, mammograms (x-rays and CT scans) to diagnose ..., recurring and unusual; counseling services, emergency assistance ..., in domestic and international. This is the minimum scope of coverage

Pay for the cost of emergency treatment, surgery, hospitalization, medicines, medical equipment support ... for the sick; treatment of maternity care. The current insurance contracts combine to ensure this. Also, many insurers are offering such guarantees flexibility: Outpatient treatment due to illness, disease; medical expenses due to accidents; death, disability, illness or disease; death / permanent disability due to accident; emergency medical transportation, maternity and dental care; reduce income loss allowance

When participating in this insurance, the insured is free to choose the health facility for treatment. The insured does not have to pay for health care facilities in the system of direct payments which will be paid by insurance enterprises on the basis of confirmation of the insured (or via credit card insurer issued to the insured. In case of the request of the insured about medical facility (besides the system of health care facilities of the insurer), an insurer would refund pay costs invoiced medical costs of the medical facilities insured by selection.

Typically, healthcare insurance companies associate with high-quality reputation, fast and simple procedure medical facilities.... to make the insured trust and satisfy with quality of service. Therefore, the premium for this insurance is often high and the risk assessment is quite complex. So, insurance companies often sign contracts with business groups, institutions, units, family (to ensure that a minimum number of members).Depending on the needs and financial capabilities, customers can choose one of the packages of products such as: basic, expanded, advanced; or ordinary, special grade ... corresponding to different interests.