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 […]

Read more »

Deductibles – An overview

Though the current economic crisis creates a financial burden for many individuals, one cannot avoid buying an international travel medical insurance policy. People are on constant look out for ways of bringing down the premium amounts. Generally, the premiums are lower in case of international insurance policies that have higher deductibles. You need to evaluate whether risking a higher deductible amount may be beneficial for you in the long run. Deductible is the amount initially paid by the insured before the insurance provider starts reimbursing for the expenses. For example, let us assume you buy an international health insurance plan […]

Read more »

Health insurance coverage for retirees

Health insurance coverage for retirees is one of the primary issues which challenge the senior citizens due to skyrocketing premiums. In addition, insurance providers reject coverage for pre-existing medical conditions. This is one primary reason why individuals are advised to apply for health insurance coverage during their young age when they are healthy. This would ensure that you pay lesser premiums at a later date.In case you are above 50 and you are applying for health insurance plan only now, it is a good idea to separate the rest of the family members and apply for an individual insurance policy […]

Read more »

Affordable health insurance coverage � Popular options

Surveys and research reports reveal a startling number of uninsured Americans who find it difficult to protect themselves and their families under US health insurance coverage during the economic crisis. Probably they are unaware of the different options of health insurance coverage. The following are a few beneficial options to consider Medicare US citizens above 65 years of age as well as individuals who are entitled for social security disability benefits are automatically eligible. Medicaid generally offered to low-income strata who qualify for this program Consolidated Omnibus Budget Reconciliation Act (COBRA) popular among people who are in job transitions or […]

Read more »

International Student Health Insurance – Study USA

Every international student planning to enrol into a full-time educational program needs to buy a suitable International Student Health Insurance plan. One of the popular international student medical insurance plans is called Study USA insurance. This student insurance policy provides comprehensive benefits at affordable rates. Foreign students who are pursuing an educational program in the US or US students who have enrolled for an educational program abroad are eligible for this plan. Applicants should be below 66 years of age. Dependants can also be covered under this plan. All the members seeking insurance should hold a valid visa at the […]

Read more »

Medical evacuation insurance

Medical evacuation insurance may be included as a regular coverage benefit or it becomes an optional coverage in the case of some health insurance plans. Though it may look too dramatic to buy, the expense that an individual needs to bear in case it is required is too high. It could work out to $100,000 excluding the hospitalization and treatment expenses! This benefit typically comes in two forms: Emergency evacuation: This is the assistance that you may require from the insurance company which involves transporting you to a medical set-up in case you are stuck in an emergency like an […]

Read more »

Swine flu coverage for international visitor health insurance

The coverage benefits of international visitor health insurance plans vary depending on the type of policy as well as the coverage limits. Though there are some standardized benefits offered by almost all health insurance plans, if you are looking for specific coverage like war, terrorism, epidemics, hazardous activities, pandemics, trip interruption, you need to look out for health care coverage for these special instances. The swine flu outbreak was announced during the last week of April 2009. When panic spread, it became quite problematic for people to get health insurance coverage for any expenses incurred due to the disease. Not […]

Read more »

Visitors to Health Insurance sites drop, Informative Insurance sites flourish

The global financial breakdown and the increasing unemployment rates are hitting the online health insurance sector. It has been recently observed that the number of visitors to leading online consumer insurance sites has been declining steadily but the searches for information of obtaining affordable health insurance coverage resources have been increasing. The sites providing assistance and useful tips or information for short term health insurance have received an increasing number of vistors. Sites which discuss pros and cons of health reform in the US are getting good response from the visitors who scout for updated information of their health insurance […]

Read more »

Expansion of health insurance program for children

The US government has signed a legislation to expand the SCHIP (State Children’s Health Insurance Program). SCHIP makes it eligible for children from low-income strata families to consult a doctor or seek medical help when they are sick. This initiative has included providing coverage to about 11 million children as compared to around 7 million before. SCHIP is expected to make a huge difference to the younger generation and ensure that their health situation is taken care at an early stage so that their fitness would increase in the long run when they become older. This would also ensure that […]

Read more »

Consumer approach to health insurance – A critical view point

There is a common criticism about insurance companies that they do not provide coverage for individuals with serious illnesses or health disorders which require huge expenses to undergo medical treatment. However, the consumer approach to availing health insurance coverage also needs to be looked at critically. Most of the consumers think that paying insurance premiums is a waste of money and also it is a way in which insurance agents try and sell policies for their own benefit rather than the benefit of the customers. Many individuals think that their health situation is completely normal and refrain from going for […]

Read more »