Each insurance company has different rules in providing insurance services. Generally, insurance companies determine the age limit to have insurance between 50-70 years with different protection periods. Although this feature is rarely offered by insurance companies, you can find information related to this. Cash funds are required when maintenance costs later exceed the predetermined ceiling. Surely if there is a cash fund from the insurer over the excess ceiling, you do not need to provide a shortage of medical expenses. Most insurers like florida health insurance only serve medically treated treatment in hospitals. However, if you find an insurance product that offers alternative / nonmedical treatment financing, the insurance is worth your consideration.
We do not know the age to the age of how many people we know will continue to live. Considering this, it is better to get insurance that provides protection for long periods of time. There are several insurance companies that offer such protection, even up to age> 100 years. Pre-existing conditions and elimination periods apply in health insurance. A pre-existing condition is a provision in health insurance that requires the sum insured will be provided after the policy is effective. For example, health insurance participants fall ill or are treated by accident. While the new insurance policy is effectively a few days after the insurance participants receive treatment. Referring to the provisions of a pre-existing condition, the insurer can not make claims for the suffering they suffered.
While the elimination period is defined as the distance of time lag claims against time sick. For example, if health insurance imposes a 30-day elimination period, the new insurer can make a claim after passing the elimination period from the date the policy comes into effect. Therefore, it is important to consider the two provisions before making a claim. The policy must be understood correctly. Because after you sign the policy, the insurance company assumes you have understood and understood all the terms of the policy. If you do not understand, it’s good to ask the insurance provider. Furthermore, you should also be open as is the condition of the parents before signing the insurance policy. This is important so that the insurer can fully understand the risks that may occur.