Advertorial Top 5 factors to consider while renewing health insurance in 2023

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We live in a day and age where everything has become unpredictable. From global pandemics to global warming, anything can happen to anyone regarding health and well-being. While we cannot control the more significant happenings, we can plan a protected future regarding health and finances. And one way to prepare for your health needs for the future is by securing health insurance.

 

Moreover, passive lifestyle choices have made people more prone to many diseases. Health insurance will offer a financial cushion when seeking medical help. Note that owning health insurance is just not enough; you need to renew it regularly to get everything you need.

 

What should you consider before renewing your health insurance plan? Our friends at Pacific Prime Thailand will help with key factors you need to consider while renewing health insurance.

 

1.  Analyze your current situation

 

Get a complete body checkup and understand your health before health insurance renewal. One year is enough time for your body to undergo many changes. Instead of continuing with your existing coverage, you can add a layer to your policy by selecting suitable add-ons.

 

2.  Review the type of policy

Pay attention to the type of policy you hold, as you may want to change the type of health insurance policy while renewing it. You can choose from dedicated senior citizen policies, daily cash benefits plans, and more. With that said, this process can be overwhelming. We suggest getting in touch with an insurance expert to help you navigate through the process.

 

3.  Pay attention to group policies

 

Remember that the health insurance provided by your employer is not an all-encompassing health insurance policy. For instance, when you switch jobs, you might lose out on that benefit. Therefore, it's a good idea to only partially rely on your group insurance policy to meet your health insurance requirements and view it as an extra layer of protection. Another thing you should consider is whether you want to choose individual health insurance for each of your family members.

 

4.  Try policy portability

 

Suppose you are not happy with your current insurance provided by your company. In that case, you can switch to a different health insurance provider without losing your continuity benefits. Note that your existing No Claim Bonus will remain intact if you switch your health insurance provider. Have more questions about policy portability? insurance brokers can help you if you have questions about policy portability, etc.

 

5.  Make informed choices

 

Is your current health insurance policy suggested by a friend or a colleague? It may be good enough, but you can change things when you renew your policy. In addition, everyone is different and has different requirements, especially when it comes to medical needs. Hence your health insurance policy's coverage needs to be determined based on your health requirements and not someone's suggestion.

 

About Pacific Prime

 

Looking for the best health insurance for Thailand expats? As a reputable health insurance broker with over 20 years of industry experience, Pacific Prime’s expert advisors have the knowledge and expertise to help you compare health insurance quotes and find the ideal fit for your needs and budget. Contact Pacific Prime Thailand for unbiased insurance advice and a free quote today.