Have you ever heard the phrase “It is better to have it and not need it, than to need it and not have it”. This applies in the case of medical expense insurance, which are excellent financial tools that give families peace of mind in the most difficult times.
Despite being an excellent financial tool, the continuous weakening of the purchasing power of households in the face of high inflation, along with the increase in the cost of policies, complicates the acquisition and payment of medical expense insurance, indicated the insurtech Wee Company.
“Mexico is experiencing an economic situation with a high inflation rate not seen for 21 years, this affects the prices of insurance policies, which could reach increases between 20 and 25%, the fluctuation of prices, tied to the The increase that is made year after year to the policy will affect old clients,” explained Jesús Hernández, director of Wee Company.
In this regard, specialists from the insurance sector detailed that there are a series of actions that users can take advantage of, in order to reduce the impact on the increase in the cost of medical insurance policies.
One of the factors that the insured must consider, if they want to reduce the cost of the policy, is to increase the deductible, since it is one of the indicators that most affects the cost of the insurance; that is, the higher the deductible, the cheaper the policy will be.
A significant adjustment in the deductible will result in a reduction of the policy. However, it is necessary to consider that this amount must be available when an incident is faced, exceeding that amount begins the insurer’s obligation to pay.
Another action that users can use to reduce the cost of the insurance policy is to analyze a change in the hospital network, it defines the medical level to which the insured will have access, the greater the degree of technological infrastructure and specialization will increase. the cost. To lower the hospital range, you have to observe the list of contracted medical centers and the options available to the insurer.
“The first thing to understand is that the entire network of hospitals that support the insurer is reliable, we must be very careful about the hospital network, but above all judicious and be consistent with the needs we have as a person, if we seek the better attention will be higher the cost; however, we can take other factors such as what type of hospitals are close to our home or workplace, what care they provide and what specialists they have,” said Luis Márquez, deputy director of solutions at Sura.
Likewise, he recommended reviewing the contracted extra coverages and identifying which ones are less likely to be used, since in some cases they can generate a considerable increase in the cost of insurance.
“At times like these we must adjust the insurance to our needs, an example could be international coverage, many times we believe that we will serve ourselves with the best, however, perhaps we are leaving aside some considerations such as the issue of language, expenses related to the stay, recovery, the cost and availability of the family to travel, unfortunately if this is not contemplated at the time the event arrives, it will not be used, so it may be better not to contract the coverage, ”said Márquez .
Lastly, Sura’s deputy director of solutions advised users to talk to their insurance advisor and notify all actions that the insured may have carried out in favor of health, such as the implementation of better habits, treatments outside the policy, since this could in some cases influence to reduce the cost of the insurance.
There are different factors that increase the cost of an insurance policy, inflation and the increase in risk that takes place on an annual basis, so experts advised considering these factors and building a savings fund.
joselyn.ugarte@eleconomista.mx
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