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 […]

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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 […]

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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-II: Schedule of Benefits

In the previous article, Reading the Fine Print-I, we saw how the policy duration of visitors insurance plans can affect the choice of insurance. Now, let�s look at how reading the Schedule of Benefits carefully and matching it with intended activities is imperative. Let�s say, a lady, Sharon, who is on a visit to the United States, has sustained an arm fracture. She is covered under a visitor health insurance policy, and so she doesn�t worry much. Her boyfriend, Adam, makes a note of the next steps they will need to follow. They call an ambulance, take her to the […]

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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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Student Premiums Lining College Insurance Profits, Says Study

For students who are puzzled by the high costs of international student insurance plans, a recent report titled, ‘Student Health Program Baseline Report’ released in Massachusetts might offer some light. The report, released by the Division of Health Care Finance and Policy, states that Student Health Programs (SHPs) offered by colleges and universities in Massachusetts have a higher profit margin for their student plans than for plans for the regular public. The report has predictably caused a stir within the student community, as the school-sponsored plans are largely seen as being the top insurance choice, especially for international students. The […]

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Say Cheese with Confidence after Dental Insurance

One type of insurance for visitors that is often ignored at great peril is USA dental insurance. When visiting the United States, short-term health insurance plans do not cover dental care, unless it is required after an accident. However, dental care can be an important part of a person’s health, especially if the trip is expected to last over six months. For senior citizens and those with a higher incidence of dental problems, it makes sense to purchase dental insurance if their trip will last over three months. Remember that dental care in the United States is expensive. In fact, […]

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In Uncertain Times, Insurance Saves Cancellation Costs

In these recession-hit uncertain times, when travel across the globe has become necessary to save your business, trip cancellation insurance can save the day, and huge costs too! Let’s say that Chris, a small business owner, needed to travel from the U.S. to Mumbai on 27 Nov 2008 for an important business meeting, crucial to his company’s growth plans. Unfortunately, the previous day saw terrorists attacking a prominent hotel and other places in Mumbai, and India was on tenterhooks. All the airline tickets for Chris and his colleagues had to be cancelled (which were non-refundable), leaving him with a huge […]

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