I am often asked a lot of this question: Can one claim more than one health insurance policies? The answer is “maybe”. The claim of any health insurance is set at the maximum amount of expense that you were to pay for any one incidence.

Let me reveal a saddening fact, in my 7 years practicing insurance experience. You ready for this?

The saddest thing I’ve witnessed is patients suffering from health issues without the pain-soothing benefits of a health insurance scheme. Whilst, many healthy people do not believe they might become the victims of health issues or accidents. They take the risks of not doing any precautions, including buying any health insurance. I have also noticed there is another mistake commonly committed by professionals, “smart” people who just left their corporate espionage and started their business. When they left their corporate 9-to-5, and started on their own, they seldom realize the risks involved as being a self-employed person.

What they were not aware of is that, when they got away from the corporate battlefield, they were also deprived of their other compensation infringement. Their career opportunities filled their minds; they neglect non-business risks; personal risk or non-career related risks. These smart working professionals are suddenly thrown in the cold, exposed to, risks that they were not even aware of.

On the other hand, employees who have all sorts of company benefits should double check whether they need to further insure. From my own experience, large corporate insurance benefits are usually enough to cover normal medical expenses. Buying another health insurance scheme, at times, are a waste of resource or money. Of course the medical benefits do vary from companies to companies. One should always get quotes from different insurance agencies in order to ensure he or she gets the best deal out of any health insurance plan. In general, you should at least compare three quotes before committing yourself to something which you may stick for a long time.

By: Roy Chan