Personal Health Insurance vs. Comprehensive Health Insurance: What’s the Difference?
Personal Health Insurance vs. Comprehensive Health Insurance: What's the Difference?
Personal health insurance and comprehensive health insurance both aim to protect your health, but they differ significantly in coverage and terms. Here's a breakdown of the differences:
1. Personal Health Insurance
• Separate Coverage Categories: Personal health insurance provides coverage by category or item, such as hospital room charges, surgery costs, general medical care, doctor fees, or medication costs. Each category has a specified coverage limit.
For example:
o Room charge: up to 2,000 THB per day
o Surgery cost: up to 100,000 THB per procedure
• Claim Limitations: Claims are subject to the coverage limits set for each category. If medical expenses exceed the set limit, the policyholder must pay the difference.
Best for: Those who seek lower premiums and are comfortable with limited coverage per category.
2. Comprehensive Health Insurance (All-Inclusive)
• Comprehensive Coverage: Comprehensive health insurance offers a total coverage amount for the entire policy period, such as 1,000,000 THB per year, without separating by categories. This means the policyholder can use the coverage for any medical need as required.
• Claim Advantages: There is no concern about exceeding specific category limits. You can use the coverage as needed in any situation. For instance, if the medical expenses for one category exceed the typical limit, the total coverage amount can be used without limitations for each item.
Best for: Those seeking flexible, more comprehensive coverage but with higher premiums compared to personal health insurance.
Summary of Key Differences:
• Personal Health Insurance: Coverage is split into categories with individual limits, and claims are subject to those limits.
• Comprehensive Health Insurance: Provides a total coverage amount without itemizing, offering flexibility but at a higher premium.
Choosing the right type depends on your budget and your desired level of coverage.
