Many people are looking to buy health insurance.

The increase in medical costs, along with unpredictable health risks, has prompted many people to seek health insurance as an essential financial backup solution for life, alongside medical insurance.

Medical costs tend to increase According to Aon's Global Medical Trend Rates report in the past three years, medical costs in Vietnam have continuously increased, by 5.5%, 6.5% and 6.7% respectively. On average, the rate of increase in medical costs over the past three years is 1.6 times higher than the economic inflation rate. The above figure is expected to increase in the coming time. According to the new regulations of the Law on Medical Examination and Treatment, from 2024, there will be more than 1,900 categories of medical examination and consultation services with increased prices. Of which, technical services, testing... will increase by 1 - 4%. Some services will increase by 10 - 14%. Mr. Lam Duc Thinh (45 years old, garment factory manager, Ho Chi Minh City) said: "If prices increase, I can cover living expenses and food. But if hospital fees increase, even if they increase a lot, when I get sick, I still have to treat it. Last year, I had a herniated disc, I spent a year on treatment and medicine, then had surgery. The total cost was nearly 200 million. At that time, I didn't have insurance, so I had to use my savings for the whole year to pay for the hospital fees." According to Manulife's Asia Care 2024 survey, 72% of Vietnamese participants said that rising medical costs are a big financial challenge for them.

From 2022-2024, the medical inflation rate is on average 1.6 times higher than economic inflation - Source: Global Medical Trend Rates - Aon

Adding a backup insurance option Medical costs are expected to increase, along with many health risks that are present in life, leading to a change in many people's awareness of the role of health insurance. Mr. Pham Hoai Nam (30 years old, doing business in Hanoi ) said that he decided to participate in health insurance after witnessing a relative suddenly having a broken leg in an accident and having to pay 100% of the hospital fees himself. Proactively researching, he decided to participate in Manulife's life insurance, attached to the "Healthy Living Every Day" health insurance (version 2024), because the inpatient treatment benefit has a high coverage range, and can choose other flexible benefits according to needs without complicated constraints, optimizing the cost of participating in insurance. As the economic pillar of the family, Ms. Nguyen Thi Thanh Thu (32 years old, self-employed, Bac Ninh) participated in life insurance, supplemented with the "Healthy Living Every Day" health insurance. Support for treatment costs such as: dialysis, organ transplant; treatment costs, same-day surgery; hospitalization allowance... In addition, pay for inpatient, outpatient or same-day cancer treatment when using common cancer treatment methods such as chemotherapy, radiotherapy... Pay for breast reconstruction costs after mastectomy for breast cancer. "Understanding the concerns of Vietnamese people about health risks in the context of increasing medical costs, we continuously improve to bring suitable products, meeting the protection needs and diverse financial capabilities of people. Upgraded from the 2019 version, "Live healthy every day" version 2024 with many outstanding features, wide range of benefits, helps customers have a backup financial plan when facing health risks", said Ms. Tina Nguyen - General Director of Manulife Vietnam.

Health insurance is a type of insurance in the field of public health care, with fees suitable for the majority, making an important contribution to the national social security system, ensuring that all people receive health care. Based on the needs and financial capacity, people can buy additional life insurance/health insurance, thereby increasing the level of protection. Note that before participating, it is necessary to carefully study the content of the contract, understand the rights and responsibilities. Insurance agents also need to have solid knowledge, provide full and transparent advice, support customers promptly and responsibly.

Source: https://tuoitre.vn/nhieu-nguoi-tim-mua-bao-hiem-suc-khoe-20241205222802488.htm