Student Health Insurance Need Not Recede with Economy

The current economic scenario is making everyone think twice about every dollar they spend. Students, especially, have a tougher time taking bold decisions. For one, the job scenario is so fluid that an offer letter is no guarantee anymore. In the melee, it’s important that their student health insurance is not lost. Graduates who have no job or dependable insurance need not add to the nearly 15% of the population who are uninsured. There are affordable basic short-term health insurance plans that can help tide the graduate over until he/she can get full coverage. First, check with your current insurance […]

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Fulbright Insurance is Not Full Insurance

Congratulations! You’ve arrived in the United States on a scholarship say, a Fulbright scholarship. What’s more, the program also provides international health insurance, so that’s one less thing to worry about. Not quite. As is often the case, the insurance that comes with an academic grant is usually very basic, and does not cover healthcare for routine physical exams, dental, vision, or any treatment for a previously existing condition. In other words, it’s only for unexpected illnesses. Since you’re planning to live in the United States for a year or so on the J-1 visa, consider purchasing additional J1 visa […]

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My Parents Are in Excellent Health – Do They Need Medical Insurance?

Often, children of parents who visit the United States are thinking: My parents have no medical problems. Why do they even need international medical insurance? It’s precisely the parents who don’t have previously existing conditions who will benefit most from visitor medical insurance in case they fall ill. When preparing for a U.S. visit by your parents, they can either purchase insurance in the home country, or in the United States. From experience, you know that insurance purchased in the home country is, at best, mental insurance. If your parents do fall ill, forget cashless billing, even reimbursing expenses can […]

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Managing health care – HMO, PPO and POS

There are different health care policies offering various options for coverage – HMO, PPO and POS. HMO policies charge nominal premiums for health insurance but they offer very less flexibility in choosing a provider. In addition, they do not reimburse in case the insured chooses outside the network. Even the specialists you consult should be a part of the network. PPO policies are more flexible in choosing a provider. These policies offer partial reimbursement while taking consultations outside the network and charge high co-insurance and co-payment amounts. In case the insured needs to consult a specialist, he does not require […]

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Tips to follow before you quit the job

If you can, plan well ahead before leaving your current job so that you would have adequate time to switch your health insurance plan to a more affordable alternative. If you switch before leaving your job, you are entitled to continue your health insurance coverage under COBRA at a more affordable premium for about 2 months If you do not find an appropriate self employed insurance option within the time frame where you are entitled for COBRA, your new health insurance plan application may be rejected or you may not be covered for your pre-existing conditions for a pre-defined waiting […]

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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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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 […]

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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 […]

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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 […]

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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 […]

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