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An insurance card that can be used in emergencies

A friend of mine was rushed to the emergency room due to a sudden heart attack and she does not have any insurance card that will cover some of the expenses in the hospital. Considering the hospital she was rushed to, I am pretty sure that her expenses will be through the roof. Since a situation like that is inevitable and we do not know when it will happen, I want to help my friend get an insurance card that will help her lessen the expenses in the hospital.

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    Emergency preparedness is one of the covers of insurance cards. It is part of insurance card so that it can be accessed quickly by the user. Many health providers include emergency preparedness insurance to their cards so there will really be no problem on what card to choose. The only thing needed to be considered is the other benefits included together with the emergency preparedness insurance.

    2020.03.24 15:44

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If your insurance company tells you that you are not required to pay for co-pay then it just means that you are not required to. You should try telling the doctor's billing department because in most cases, the doctor's are not informed about this. Once you've consulted with the billing department they should reinburse the money that you've used.

The insurance company that I invested is closing.

Insurance companies are well oriented when it comes to businesses. But there are times that we think like, what happens to a bankrupt insurance company. Well most of the insurance company are legal and recognized by the government. If it the company is registered to the country. Your insurance is safe. The company has a back up money to pay those people who bought their insurances.

Would there be a possibility that I may be convicted and sentenced to jail if I was to fail paying my Insurance?

No there is no possible outcome that the insurance company will or will be able to give you such a punishment as that that insurance companies are not given that form of power especially in issuing such moves such as sueing an individual for the inability of payment but the insurance agreement that was agreed upon maybe voided if not enough funds are present in the account of the client

Does term insurance have more worth than life insurance to you?

Put simple, term insurance is cheaper if you're planning to stay covered for the next 10 to 20 years and less than 70years in general. Whilst the whole life insurance is cheaper if you prefer coverage until 99years with limited payment term. You can opt for a mix of both the whole life and term plans, where the whole life plan covers your final expenses and/or daily expenses for you and your family in the event of untimely death or critical illnesses. Also term plans of about 10 to 20 years can come in handy if you have new-borns as extra coverage will be needed during the years when your children are growing up. In conclusion, there are no right or wrong in planning like this. How much to buy and what to buy depends on what your priorities are.

I have been ill for the past weeks

Singapore has a lot of insurance companies. Any insurance companies offer a variety of healthcare coverage plans that can range from outpatient treatment to disability coverage. With the government helping to take care of citizens large hospital bills, employers actively try to cover their employees' outpatient care and smaller bills.

Will our insurance system fail one day?

If I am correct, I think you are trying to ask that if start claiming from the insurance company, will they have the money to pay you when you die. First and foremost, it's a contract. Insurers pay billions in claims yearly. Secondly, the premium you pay insurance is invested so they'll be able to earn and pay you back when you die. Number three, all risk is already factored in. Some people will die earlier, others later, while some will cancel, and majority won’t even claim. All this is already priced in and you're paying fair value plus some mark-up for the risk you're passing on to the insurance company. Number four, there is regulation to make sure Insurers have enough money to pay claims. Lastly, insurance companies are reinsured by bigger insurance companies. So don't worry, keep paying your premiums, and you'll be able to claim.

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