Last Updated on April 15, 2021
3. How Different Is It From Health Insurance?
With health insurance, your hospital, doctor, drugs, and operation bills are paid for and covered directly to the health institutions or establishments. Income protection insurance pays YOU. The cash is transferred directly to you. Health insurance covers your health costs mainly and only. Income protection insurance covers whatever you want to cover. No one else, besides you, decides what to do with that money but you. It can fill your financial gaps or even pay the deductibles and out-of-pocket medical expenses that your health insurance does not cover.
