Do I Need Medical Expense Insurance?

Many people find that if they never get sick, exercise, live a healthy life, and have no history of serious illness; they do not need insurance for major medical expenses. This is a serious error. We never know what fate may have in store for us, whether it is a serious illness or an accident that could threaten our life and the safety of our family. For this reason, we explain what Medical Expense Insurance is and how it works.

A major medical expenses insurance covers necessary hospital expenses, in the event of an accident or serious illness. This type of insurance does not include illnesses such as intestinal infections or a simple cough, since these are considered minor medical expenses. Major medical expenses insurance offers two types of coverage:

Basic coverage: This is responsible for covering hospital expenses, medical fees, necessary therapies, orthopedic devices, nursing fees, and basic dental care.

Additional coverages: These are “extra” coverages that you can add to your plan for specific situations. One of the best known is; “0 deductible per accident”, this means that in the event of an accident you will no longer have to pay for a deductible. Or the Emergency Abroad, catastrophic illnesses, among others.