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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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 […]

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Medical evacuation – a true incident

Medical Evacuation Insurance covers the expenses for providing immediate assistance and special medical transportation to insured in an accident or critical medical condition. Even tough such incidents are not frequent there are several true incidents. Here is a recent case that has been reported of a tour leader in Mali. During the trip he suffered severe neck damage since he dived from a boat into a two foot section of a lake. He was transported in a pick-up truck from the accident site to the nearest place for medical assistance. The place where he was moved to did not really […]

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HCC Short Term Health Insurance

Amigo Short Term Medical Plan has been renamed as HCC Life Short Term Medical Insurance. Individuals & families can avail high quality benefits through HCC Short Term Health Insurance for a short durations up to 6 months or 1 year. HCC Life Short Term Medical insurance offers a variety of choices with regards to co-insurance, deductible and period of coverage. This is suitable for people who are shifting between jobs, waiting for insurance benefits from employers, seasonal employees, individuals under COBRA and also new graduates. People who are between 2 and 64 years of age are eligible for this insurance […]

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Health Insurance – Terms

For beginners who want to understand all about health insurance policies, here are certain terms which could be hard to comprehend. Deductible This refers to the expenses that the insured has to bear before enjoying the benefits of the health insurance plan. This is generally charged on a yearly basis. The amount differs depending on individual or family insurance policies. Co-insurance or Co-payments This refers to the amount the insured needs to pay in addition to the deductible amount before the insurance provider starts paying for the expenses. Lifetime Maximum This is the maximum expense that the health insurance plan […]

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How to go for a wellness benefit check-up

Wellness benefit coverage in a health insurance plan typically covers for routine health examinations like screening and diagnosis tests, blood tests, cholesterol and thyroid examinations, smear tests, neurology examinations and cardiovascular examinations. Vaccination costs for children are also included in this coverage. The insurance provider who offers this benefit as part of medical insurance generally has a tie up with some clinics and medical set-ups and offers certain medical check-up packages. It is more advantageous if there is a provision of direct claims settlement where the bills are settled by the insurance provider to the hospital. The insured just needs […]

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