Types of Private Health Insurance

There is a great variety of Medical Insurance in our country. These are intended to cover expenses as a result of an illness or accident.

This variety of insurance and financial supports offers multiple alternatives of choice for you to protect yourself.

Here we list the most frequent types of coverage:

• Personal accidents
• Pregnant
• Health Insurance and Medical Expenses
• Older adults
• Kids
• Foreign
• For Traveler

Here we will tell you more about them:

Personal Accident Medical Insurance

These plans base their coverage on protection resulting from an accident. They can include hospitalization costs, interventions, rehabilitation as well as compensation in case of suffering some type of disability, invalidity, or death itself. Some companies have "enriched" this coverage by covering burial expenses, telephone counseling, loss of members, among others. Its price is usually very attractive compared to an insurance policy for Major Medical Expenses or Health.

Medical Insurance for Pregnancy

Pregnancy is not considered an illness or accident. It is a generally voluntary decision, however, most medical expense policies contemplate support for this event and mainly the coverage of the future baby.

It is not itself a pregnancy insurance policy; but rather a Medical Expenses policy that includes this benefit. To obtain coverage there is a minimum term of 10 months in most insurers (it refers to 10 months before the birth, regardless of the gestation period). Its functionality is to generate and guarantee medical coverage for a pregnancy without major complications and have access to medical expenses that may be necessary for the event of any complications. In most cases, newborns remain covered by the policy during the first 30 days after their birth, to give continuity to this coverage of the baby it is important to request their discharge before they are 30 days old.

Health Insurance and Medical Expenses

Insurance, whether for Major Medical Expenses or Health, will secure an individual or a family. Its coverage includes hospital expenses, surgical interventions, medical fees, treatments, exams, etc. In most, some additional coverage can be added, such as emergency care abroad and others.

Most of these policies have a sum insured, which corresponds to the limit of liability of the insurer. The higher this, the greater the payment of fees. Policy payments are related to the ages of the members. The most frequent example is that a younger person will always have less cost than a person older than 50 years, in addition to other factors such as gender and place of residence.

Health insurance is very similar to Medical Expenses but also has preventive medicine coverage. As inquiries or check-ups.

Senior Health Insurance

Although not many there are products for older adults. Which are variations of the personal accident plans (AP's) or of the Medical Expense and/or health insurance. 

There are also plans that are generally very useful for this segment since the risk is higher it is evident that the cost of these alternatives may be considerable. These are catastrophic coverage plans. That it is nothing other than a Medical Expense plan with restrictions and that they will only cover diseases or conditions of high impact.

Children's Health Insurance

In the same way as the previous group, these plans are the same as the Medical, Health, and Accident Expense insurance. But here the opposite happens. Insurance for children is usually very cheap since it is a much lower risk than that of older adults. A plan of this is ideal for those early stages that make it necessary to have medical support that allows generating greater tranquility and security for the fathers.

Foreign Health Insurance

When referring to medical insurance abroad, it is generally referred to those types of private medical insurance that have a set of coverages that correspond to primary medical care, hospitalization, repatriation, reimbursement of expenses, dental coverage, medical check-ups, coverage for some pre-existing diseases. and ambulatory assistance, under the coverage of some guarantees that allow compensation mainly for emergency expenses abroad during long or short trips. Let us remember that this insurance is frequently used as a requirement for citizens in the Schengen area during their visit to Europe. It is insurance that covers trips of limited duration.

Travel Health Insurance

It is a type of insurance plan in which an insurance company is obliged to indemnify an insured or their beneficiaries while they are moving during a trip. It works in an ideal way to be protected or covered by possible mishaps that could happen in matters related to health, illnesses, accidents, emergency dentistry, loss of luggage, cancellation of flights, and any other condition that may require, and that is agreed in the policy.

It is highly suggested and recommended for frequent travelers, as it allows you to have peace of mind by being financially supported in the event of an unforeseen event and it works as a mechanism that allows you to have better assistance on your business or vacation trips. Its duration is stipulated according to the duration of the trip and can be used once or several times a year.