What is the Pacific Medi-Pac?
As the name suggests, the Pacific Medi-Pac is a medical insurance policy that is meant to be both comprehensive and affordable, with high renewal age limits and unisex age banded premium rates. This policy comes with a choice of 5 plans to ensure that you get a chance to choose the plan you want along with the coverage you want.
How much does the policy cover?
Within their limits each plan will cover hospital room and board, along with traditional medical treatment, daily cash allowances at government hospitals, medical report fees and GST. However in the case of medical care, use of equipment, surgical and operating fees, pre and post hospitalization, among other services, there is no limit imposed on the coverage of these benefits.
The plans also come with some out-patient care benefits for its policy holders in need of organ transplants due to a disability. Aside from that, the policy will cover out-patient cancer treatment and kidney dialysis treatment on a per year basis.
How do the premiums work?
As mentioned, there are 5 plans to choose from each with their own set of premiums, therefore you will have customized premiums both depending on the plans you choose, your age and financial standing. Premiums for this policy are calculated on a per annum basis, which means you only need to make a payment once a year.
Who can apply for this policy?
If you are over the legal age to be purchasing individual insurance than you can pick up one of the plans whenever you choose. There are however parents, who might want to include their kids into the policy, for this purpose parents need to take note that any child placed under the policy needs to be 30 days old to be eligible.
The maximum age limit for entering into the plan is 60 years old, but if you already have purchased the policy before your 60th birthday then you can continue to renew the plan till the age of 80.
How long before I can use it?
This policy comes with a waiting period of 30 days before it comes into effect. Unless you are involved in an accident, the plan will only allow for coverage and claims to be entertained after the waiting period is over.You should also remember to renew your policy on time every year to ensure your continued protection.