Whether or not you can add a rider later depends on each insurance company and health insurance plan. As much as possible, try to join the “necessary insurance” at the time of application.
Currently, there are many types of medical insurance, and I think that there are many people who are worried about the coverage content to be subscribed. In particular, I think that there are times when you get lost in the “special contract” prepared as an option, “Is it better to have it?” increase.
In such a case, you can use the method of âadding a special contract midwayâ. Please check with your insurance company to see if they can be covered, as coverage varies by insurance company and insurance plan.
Then, if you can’t add a special contract in the middle, is it possible to increase the coverage without canceling the current contract and making a new contract?
âMain Contractâ and âSpecial Contractâ
Insurance consists of a combination of âmain contractâ and âendorsementâ.
In many cases, the main contract of medical insurance is âhospitalization coverageâ and âsurgery coverageâ. Other than that, “outpatient care”, “advanced medical treatment”, “cancer special contract”, etc. are special contracts.
If you stop the “main contract”, the entire coverage will be lost, but even if you stop only the special contract, the “main contract” can be continued. This is a âpremature cancellation of special contractâ. Conversely, adding a special agreement later is “adding a special agreement midway.”
Don’t just rely on “special deals”! Let’s think of “additional security” instead of “additional special contract”!
If the âriderâ you want to add is death protection, most life insurance companies sell âdeathâ insurance separately. Also, if the âcoverageâ you want to add is âpreparation for cancerâ, âcancer insuranceâ, âpreparation for strokeâ, âthree major disease insuranceâ, “Preparation for when something happens” sells “nursing care insurance” separately.
In recent years, it has become possible to choose such “guarantee” relatively freely, so when reviewing the security, it is necessary to focus on “guarantee content” rather than just “special agreement”. recommend.
Precautions when adding “guarantee”
When considering adding âguaranteeâ, including âmid-year addition of ridersâ, it is necessary to pay attention to the following points.
- If you are not in good health, you cannot add coverage.
- When enrolling in insurance, it is necessary to âdiscloseâ your health condition. If you are not in good health, you cannot add “coverage”.
- Insurance premiums may increase with age.
- If you are older than when you enrolled in your current insurance, even if you have a “rider” for the same insurance, the additional premiums will increase according to your age. premiums are calculated based on the age at the time of enrollment).
- When considering “additional security” with a single plan, there is a possibility that even security that you do not want will be set.
- It would be nice if there was a single plan with the same coverage as the “special contract”, but it doesn’t always exist. In the case of a single plan, there is a possibility that it will be a set that includes coverage that you did not particularly want, and the insurance premium may be higher than the “additional special contract”, so be careful when considering a review. is required.
First of all, consult with a general agency!
It is ideal to carefully consider the plan and apply when you join, but I think that there are many cases where it is quite difficult.
If you are currently enrolled in insurance and are thinking about reviewing the coverage, why not consult with a general agent once? We recommend that you bring your insurance card with you.
If you are a general agent that handles multiple insurance companies, you should be able to make an appropriate diagnosis as to whether it is better to add a special contract midway or to consider a new insurance.
