The Fine Art of Reading the Fine Print-V: Procedures

For making claims under visitor�s medical insurance, one should carefully follow the procedures listed in the document. All medical procedures must be pre-certified by the insurance company. In case of emergencies this can be done within 48 hours of admission, or the medical procedure. Pre-certification can be done online or through a phone call. Let�s look at how medical care insurance works with IMG�s Visitors Care plan. Some policies allow the insured to visit any medical practitioner, while others have their own provider network. Doctors under the provider network charge a standard fee, whereas other doctors may charge more. In […]

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The Fine Art of Reading the Fine Print-IV: More on Exclusions

The last part of the visitors� medical insurance policy contains plan exclusions. Exclusions are conditions not covered by the policy. If you think that your situation comes under the exclusions of a policy, here are some things which you might want to do: The exclusion list needs to be thoroughly examined before taking up a policy. Having a pre-existing condition does not necessarily mean that you are not eligible for insurance. Some policies cover pre-existing conditions also with a limitation clause. Other policies further limit the maximum benefits depending on the insured�s age. Examine various policies to select the one […]

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The Fine Art of Reading the Fine Print-III: Pre-Existing Conditions

Continuing with our series on reading the fine print, let us now look at the exclusions that are not covered by a visitors’ medical insurance policy. The main exclusion is �pre-existing conditions,� defined as any injury, condition or ailment that already existed at the time of purchasing the policy. Normally, any lifestyle condition which cannot have occurred overnight�blood pressure or diabetes, for instance�is considered a pre-existing condition. A visitors� insurance plan will not cover conditions which exist on the effective date or a specific look-back period (two or three years prior to it). The look-back period varies by plan. Any […]

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The Fine Art of Reading the Fine Print I: Policy Duration

Before deciding to purchase any visitors health insurance, you must read the fine print thoroughly rather than having a cursory glance at the policy. Let us take the example of Visitors Care insurance provided by International Medical Group (IMG) for an analysis of the Policy Duration clause. The minimum duration of this policy is 5 days. The individual should either be traveling or temporarily residing outside his home country for at least 5 days to be eligible for this policy. Any one policy may not exceed 12 months, but can be renewed for a period of up to 24 months […]

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Visiting Parents More Secure with U.S. Insurance

Here’s another real story: Parents of a friend were visiting from India, and a group of them had gone to California. They both had international travel health insurance from a reputed Indian insurance company, and had no previously existing conditions. Little did they know what was in store. They visited Universal Kingdom on July 4, and the crowds and the sun put in extra hours. It was exciting and tiring. Most of them were exhausted, except for my friend’s father, who could not sleep. He had slight tremors, and very soon, the condition went worse, and they had to call […]

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My Parents are Together – Shouldn’t Their Insurance Be Too?

If your parents are visiting you in the United States, you may want to start exploring insurance options as soon as their plans are finalized. One question several children ask is whether they must purchase separate visitor health insurance and visitor medical insurance policies for each of them, or a combined policy. In most policies, there is no difference in price between the two options. So it really comes down to convenience. Having two separate policies provides your parents with more flexibility. If one of them decides to return early or extend their stay, it is easier with separate policies. […]

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Insurance is All About the UCR, You See!

Every insurance policy�be it travel medical insurance, sports insurance, car insurance, or visitor health insurance�has a clause on UC&R fees, which stands for usual, customary, and reasonable fees. The policy usually covers charges that fall under established UCR limits. What are these fees? These fees are set by insurance companies. In the context of travel medical insurance, for example, usual fee refers to the fees charged by a doctor for the specific treatment. The customary fee, as the name implies, is the fee determined by the international health insurance plan administrator, and fixes the maximum allowable benefit for that treatment. […]

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Choosing the Right Insurance Company: Some Pointers

With so many insurance companies offering visitor medical insurance to the United States, and all of them at attractive prices, which one should you choose? What are some of the criteria to look for when choosing a policy? One of the things you want to check is whether the policy offers cashless settlement in the United States. That is, if the visitor falls ill and visits a hospital, will the insurance card be sufficient, except for excluded costs? With so many American companies offering visitor health insurance and medical insurance, it makes sense to go for a company that does […]

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When These Are Insured, Shouldn’t Your Trip Be Too?

The concept of insurance was initially applied to goods traversing long distances, so ships and their goods were the first to be insured. However, the concept soon caught on to include anything that was deemed valuable. Your health obviously is an example, which is why it makes sense to take out visitor medical insurance. If you look at any event that can cause a loss, there’s probably an insurance policy to cover it. Consider these weird policies if these can merit insurance, you must sign up for visitor health insurance! A London-based insurance brokerage firm has several people looking to […]

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Coordination of Benefits in health insurance

Coordination of Benefits defines how the cost of reimbursing expenses would be split by the insurance providers if the policyholders have purchased are a part of more than one group insurance plan. Imagine that your employer offers health insurance benefits through the company’s group health insurance policy. Also, you have health coverage through memberships in certain institutions. In addition, you are also covered for your medical bills by your spouse’s employer in another group policy. All the above insurance plans would offer reimbursement for the medical bills. In the past, when people were part of more than one group insurance […]

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