What is Deductible?
“Deductible” might be a familiar term for people who already have health insurance. However, there are still many people who are new to the term and still don't understand what deductible is. Once something happens, shall the insurance company pay, or is it our own responsibility? Nowadays, there are many things happening, especially the epidemic, causing more people to be interested in and buy health insurance. In addition to choosing a plan to meet your needs, it is also important to understand the coverage very well to make the most of the insurance premiums paid. Muang Thai Life Assurance is here to help you get to know more about “deductible”.
What is Deductible?
Deductible: When you buy a health insurance plan, if you have to be hospitalized, you, the insured, must partly pay the medical expenses yourself or partly use your existing welfare or existing health insurance. If the medical expenses exceed the deductible amount specified in the policy, the excess shall be paid by the insurance company. For example, if you have a health insurance with deductible of 30,000 Baht, when receiving medical treatment and when medical expenses exceed 30,000 Baht, the insurance company shall pay for the excess. For the advantage of health insurance with deductible, the more the deductible amount, the more money you can save the health insurance premium is lower.
What to do to buy health coverage with a deductible plan?
If you are interested in purchasing more health coverage as your existing welfare is insufficient, Muang Thai Life recommends D Health to give you peace of mind with lump sum benefit paid only for the excess from the existing welfare. No need to unnecessarily pay high premiums. It also covers standard single room fee, ICU room fee, doctor fee, medication fee, examination fee and surgery fee. D Health is understandable and not complicated. In addition, it also protects you from COVID-19, all stages of critical illnesses and common diseases, up to 5 million Baht* for you to relax when sick.
Choose the coverage that's right for you. Choose a plan with deductible per hospitalization of 30,000 Baht, 50,000 Baht or 100,000 Baht to reduce the premiums.
*In the case of selecting Plan 5 MB, the medical expense limit per inpatient hospitalization
Remarks
- Coverage period of the rider must not exceed the coverage period of the life insurance policy that this rider is attached to.
- Underwriting is subject to the
- Premium is eligible for tax deduction. Conditions are as specified by the Revenue Department.
- Please study the details of coverage and exclusions before deciding to purchase insurance.