When you decide to stop working and start your own business, one thing you need to address immediately is the matter of health costs. How will you pay for it? One thing you can do is taking Health Insurance.
Health insurance for Thailand people is a necessity. The problem is how to choose the Best Health Insurance. How can we, as a citizen, determine and select right health insurance.
Health insurance provides reimbursement of health costs if the policyholder gets hospitalized due to an illness or accident. The amount of reimbursement is following the number of bills from the hospital with certain limits based on the insurance plan taken.
According to various literature and the opinion of financial planners, some things you need to consider in determining right health insurance are:
With a cashless system, changing claims is easier. When you get hospitalized, you do not need to pay with cash. You can pay the bill by swiping the insurance card. Don’t pay upfront, because you still need to reimburse it to the insurance later.
However, this cashless system can only work if the hospital you are staying has cooperated with the insurance company because the hospital needs to have a machine to swipe the insurance card.
If it is not a partnership, even though insurance has a cashless claim system, you have to pay upfront and then settle it with reimbursement.
Broad Hospital Network
You cannot get cashless claims in hospitals that have no cooperation with your company insurance. Therefore, choose insurance that has a broad hospital network. Make sure the hospital you are subscribed to (if any) cooperates with the health insurance you want.
Ideally, the health insurance policy is selected as desired. If you choose the lower scheme, you will have to pay additional fees to cover the lack of insurance cover.
Of course, the high scheme is correlated with the amount of the premium you have to pay. The more expensive the hospital room, the more expensive the premium is. Choose the premium that suits your income, do not burden your finances. It is often not easy when it comes to health care. In choosing hospital rooms, people tend to choose a comfortable and nice one, which implies expensive room prices.