Planning Your Own Short Term Insurance

Selecting a short term health insurance depends on the deductibles and the coinsurance you choose. In most plans, you can vary your insurance premium by selecting appropriate deductibles and coinsurance amounts. The deductible decides the amount of premium that you will be paying for the insurance. The premium also depends on the coinsurance, or the amount that you will have to pay for the first $10,000 (or the plan’s coinsurance maximum) in covered charges. If you want to pay a lower premium, this would mean that the initial amount (coinsurance) that you pay before insurance benefits kick in will be […]

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Insurance Helps U.S. Visitors Make Smart Choice

When travelers think of a trip to the United States, there are usually two reactions, both of which have to do with visitor health insurance. Do any of your friends or relatives think this way? A person either thinks that if he/she falls ill, then the cost of healthcare will wipe out their finances and so, a trip to the United States is not a good idea. At the other end of the spectrum are people who believe that positive thinking will work wonders, and that nothing will happen to them; so they travel to the U.S. without any protection. […]

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Spreading the Risk: Basics of Insurance

While all of us have or want to have some type of health insurance, be it short term health insurance, visitors insurance, or comprehensive long term insurance, we rarely wonder about how insurance actually works. Let us look at some of its basic principles. The rationale behind insurance is the minimizing of risk. It corresponds to Man’s needs to keep most of his life planned and taken care of. While insurance does not prevent the actual event from occurring, it takes care of the financial impact of the event. How insurance accomplishes this is by the transference of risk. The […]

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Longer Lines for Short Term Insurance

In a sign of the times, companies are expanding their short term health insurance coverage. Several companies have recently announced the extension of their short term health insurance plans to other states where they were not present earlier. This indicates a trend toward short term coverage for people who are out of a job, and so, do not have long-term health insurance. Trends also indicate that more people are moving from being uninsured to purchasing short term health insurance. While this is a healthy trend, it is best to purchase short term insurance as soon as earlier coverage ends. Having […]

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An Insurance in Time Saves You From Shocks!

When Peter Davidovic entered the United States to visit the country, he didn’t think about getting any visitor medical insurance. He was in the prime of life, and had traveled widely before. There was no way he would get ill, he figured. Peter’s trip was only for a week, and he thought he might be able to get back home on time even if he did fall ill, by some chance. He only purchased accidental death and dismemberment coverage. It’s not that Peter fell ill; it’s just that he was on the receiving end of a particularly gruesome accident. Since […]

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Buying Insurance Online: Separating the Wheat from the Chaff

So you’re ready to visit the United States, and have also decided to purchase adequate visitors health insurance for your trip. You search on Google, and tons of results come up. How do you actually go about purchasing visitors health insurance? The first way you can go about it is by contacting individual insurance companies. If you are currently outside the United States (which is probably the case), then you will find it extremely difficult to keep in touch with so many companies. The other more common and less complex way is to purchase insurance online. Several Web sites that […]

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Travel Back Centuries in Style with Europe Trip

When visiting the great cities of Europe, you certainly want to be covered by adequate Europe travel insurance. While the terms of Europe travel insurance might be similar to that of generic international travel insurance, the plans are usually tailored to satisfy all visa insurance requirements. When visiting Europe, you don’t want to travel around the whole of Europe unless you have a long vacation planned. Europe is so vast and diverse in its culture, that you would want to take time savoring the different sights and sounds of Europe. The countries that are uppermost on travelers’ itineraries is France, […]

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Missionary Insurance Covers More than Missions!

Although the term missionary insurance is used more commonly to refer to insurance purchased by those traveling abroad for philanthropic work, the insurance can be utilized by a wide variety of people. The basic eligibility for missionary insurance is that the applicant must be under 74 years of age and must plan to spend some time outside the United States. Theoretically, an international traveler might be able to purchase missionary insurance. However, the coverage provided by missionary insurance is usually tailored for typical mission-specific conditions, and will not work for the casual traveler. Other groups of people who can utilize […]

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How Does Insurance Work?

Whether it be visitor medical insurance, student insurance, or immigrant insurance, the principles of insurance remain the same. Many people are puzzled as to why their insurance premium is higher than their neighbors’. Insurance follows certain basic principles, and all the variables you see—the deductible, the premium, the co-pay—are related, and affect each other. Insurance works on a basic principle—the spreading of risk over large numbers. So, in effect, when 100 people purchase international travel insurance for $100 each, the insurance company receives $10,000, which is then used to settle the claims of those who are exposed to the risk […]

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The Story of Insurance–from Goods to Eyebrows!

These days, you can purchase many types of insurance plans at a mere click of a mouse—right from visitors’ insurance to international student insurance. And you can insure pretty much anything too—from your voice, to your shapely legs, if you’d so like. But insurance wasn’t always so inclusive. The only things considered worthy of insurance were goods that were traded. The earliest concept of paying for insurance was pioneered by the Babylonians as early as the 16th century BC and was used by merchants who set out to sea. They paid an extra sum to their money lenders so that […]

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