Large premiums or insurance contributions, maybe one of your considerations when choosing health insurance. Although expensive insurance contributions also provide more benefits, this is not really a guarantee that you really need it. But, if you need the best health insurance, medical insurance Thailand is one of the best options.
Actually, how to calculate the right health insurance premium?
How to calculate health insurance premiums
Each health insurance company offers different premium and benefits. Some focus on offering health insurance for women, others focus on critical illness insurance.
Well, depending on what type of insurance you choose, the amount of health insurance premiums will be calculated based on several factors. Among others are:
- Age and gender
- Family dependents
- Disease history
If you choose private health insurance, there will be a special team of insurance companies that will estimate and calculate approximately how much health costs you will claim. From there, insurance will set your insurance premium.
The insurance company then analyzes the cost of treating heart disease that you will claim if you fall ill at any time. Based on the analysis of these data, the insurance company will get an insurance premium amount that suits your personal condition.
What factors are seen as a way to calculate insurance premiums?
- Adjust to age and gender
Some private health insurance companies charge different amounts based on the age of the participant. The older a person is, the more expensive the premium that must be issued.
Because the elderly tended to be more susceptible to disease so that more need treatment or care. Especially if his lifestyle has been unhealthy since he was young, then the risk of illness will also be greater when old age.
In addition, the number of contributions for male and female participants may also be different, you know. This is because diseases that usually affect women and men are not the same.
- Your profession
The next important way to calculate health insurance premiums is to consider your occupation or profession. The reason is, this has something to do with your income every month.
Before you determine the health insurance premium, adjust it to your income first. No need to force to choose expensive fees to get a lot of services. Most importantly, you can pay health insurance premiums on time and according to your ability.
- Consider the cost of living and family dependents
The amount of family dependents also affects the amount of your health insurance contributions. Because the premiums for individual insurance will certainly be different from the premium for family insurance.
That is why one way to calculate health insurance premiums is to calculate the number of dependents and family living expenses. The trick is to count the number of wives, children, and family members who live in the same house with you and the cost of daily necessities.
That way, you will more easily set aside costs for family needs and costs for health insurance. It’s also useful to avoid over budgeting every month.
- History of disease
In the world of insurance, the type of illness you have can determine the number of contributions that must be issued. The more severe your illness, the more expensive the fees you have to sacrifice.
What’s more, not all types of diseases are covered by private health insurance. Yes, there are some diseases that are not covered by the insurance, for example, HIV/AIDS, congenital diseases, diseases caused by the plague, and so on.
So that, really understand about your rights and obligations with the insurance so as not to make a wrong move. Make sure the amount of your insurance premium matches your ability and condition.