Spellbound: Unraveling the Mysteries of Insurance

If you hear terms related to visitors health insurance policies and they sound like “Expelliarmus” you’ve come to the right post! Insurance terms are really not as bad as the Harry Potter spell that disarms opponents with a jet of light! Let’s look at some common terms that are related to checks that you will probably write. The main involved in any insurance policy is the premium. Premiums refer to periodical amounts paid to purchase the insurance policy. Premiums vary according to the plan duration and age and health condition of the individual. The next cost the insured might have […]

Read more »

With the Wind in Your Sails and Insurance by Your Side!

A trip to the Galapagos Islands for a chat with giant tortoises or a dinner with sea lions�does this sound like the adventure of a lifetime? For a mariner, this may just be another day at work; so you can imagine their need for comprehensive marine crew insurance! A domestic insurance policy has geographical and time limitations. What a mariner really needs is seamless coverage�24/7, throughout the year, whether on board the vessel, on vacation, off-duty, or ashore at port. A comprehensive marine crew insurance or yacht crew insurance plan provides all these and more. Marine policies generally provide for […]

Read more »

Extreme Activities Cry Out for Evacuation Insurance

Extreme sports can test your physical and mental endurance, and to ensure that exhaustion does not turn into tragedy, medical evacuation insurance is a must. One great example of an endurance race is the Marathon Des Sables, a 6-day, 151-mile race across the Sahara Desert. Participants battle extreme conditions to complete the marathon in aid of a non-profit trust in aid of Africa. One essential feature of the race is the insurance that is provided to all entrants of the race. Benefits usually include medical evacuation insurance, payment of medical expenses, and repatriation of remains. If you’re not the Morocco […]

Read more »

Insurance for Need But Not for Greed

David Beckham might be blessed with the best celebrity flat abs, but most ordinary mortals spend their entire lifetimes just trying to get into shape. Now, you might ask, what does U.S. health insurance have to do with reducing weight? The silent epidemic taking over the United States is obesity. One in three Americans can be classified obese and the figures are expected to increase unless we drastically alter our lifestyles and diet. In this vein, it is common for people to seek treatment for obesity and related complications. Will they be covered by health insurance? In cases of extreme […]

Read more »

Expat Insurance Irons Out Worry Creases

Living abroad on expatriation carries different risks compared to traveling abroad on a short trip. Expatriate health insurance provides benefit for a longer term as compared to short term policies, which normally cover only up to three years. Living in a foreign country poses several challenges affecting ones health like change in food and water and different clmate. Let’s say George was transferred to the African Republic of Cameroon by his company for 5 years. His wife Susan was pregnant. It rained continuously in Cameroon. Mosquito borne disease was the scourge of the rainy season. Unfortunately, his worst fears came […]

Read more »

The Insurance Plan of a Hollywood Movie

A few days ago, I saw a wonderful movie on television, and the one thing I couldn�t help thinking was: I hope the protagonists had worldwide travel insurance, especially one that included trip cancellation insurance. The movie was �The Bucket List� starring Jack Nicholson and Morgan Freeman. In the film, the two terminally ill men, who befriend each other at a hospital, decide to embark on a journey around the world to fulfil a wish list, called the �Bucket List.� They encounter many adventures along the way, Hollywood style, but Morgan Freeman decides to turn back halfway when he realizes […]

Read more »

Chalking Up Insurance Plans for School Year Extension

International travel is beset by many uncertainties, and added to the mix, for many travelers, is the question of whether to purchase trip cancellation insurance. Especially this year, the outbreak of the H1N1 virus has thrown many travel plans out of gear, and trip cancellation and international health insurance are more imperative than ever. In addition, some insurance companies are jumping in to also rescue travelers whose plans have been disrupted by a specific event: the extension of the school year because of school cancellations after the outbreak of the H1N1 virus. Many companies offer school extension insurance as an […]

Read more »

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 […]

Read more »

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 […]

Read more »

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 […]

Read more »