Typically people think that visitor’s travel insurance give them 100% coverage and that they only will need to pay once for premium. Is it really the case?
What are the things every visitor might need to pay for?
- Premium – every visitor will have to pay for premium when they decide to purchase travel insurance unless somebody else will pay for it (e.g. job).
- Deductible – is the amount a visitor pays for health care services before an insurance company begins to pay. It’s common for travel insurance to have a certain deductible. Usually, a visitor will have a couple of options to choose from.
- Coinsurance – is visitor’s share of the cost for medical services. Typically it’s a percentage. Some plans have coinsurance, some do not.
- Copay – is a fixed amount which an insurance company wants a visitor to pay for every medical service a visitor gets.
- Out-of-pocket maximum – the post-deductible amount a visitor needs to reach in order to get 100% coverage for all covered services from an insurance company (typically for the rest of the calendar year).
- Cost for not covered services – many plans do not cover dental work, vision, medicine prescriptions, etc.
Those are extra expenses U.S. visitor might have besides deductible. It varies with every plan.
What will be the best plan to minimize extra expenses?
CHUBB Network plan – is a comprehensive plan which pays 80% of the entire bill (up to the policy maximum) and a visitor pays only 20%. This plan also offers an option to take a full pre-existing conditions coverage where pre-existing conditions consider the same as new problems and coverage is extended to inpatient, outpatient care, etc. Emergency care, ambulance, medical evacuation and repatriation services are also included in the plan.