With a range of premium and benefit options, international health insurance isn?t exactly a ?point-and-click? product. In order to shop for the perfect, effective policy for you, you need an understanding of some of the benefits and terminology involved.
Tiered Benefits
Not all international health insurance policies offer the same benefits. Policies are meant to complement your travel style and needs, which means that you need to go through all the possible benefits of each policy and determine which best suits your situation. To do so, consider the following:
? Will you be traveling in remote areas? If so, then some protection for remote medical transportation would be a great idea.
? Will you be obtaining coverage as a visa requirement? This could mean that you have a minimal set of specific international health insurance coverage options that you must meet.
? Will you be taking part in any adventure sports? Not all policies automatically cover the injuries you can receive while involved in recreational sports such as scuba diving and bungee jumping. For high school students taking part in certain organizational sports, High School Sports Injury coverage may be appropriate.
? Will you, or could you, be pregnant at some point during the trip? Maternity benefits are generally provided in optional riders, so you definitely need to consider the possibility. This coverage may not be available immediately, so be sure to plan ahead.
? Do you have appropriate life insurance coverage? If your life insurance policy has many exclusions, you may want to consider adding term life insurance to your international health insurance policy for the duration of your trip.
Deductibles
Once you?ve decided what benefits you most need it?s time to consider what you can afford to self-insure. Deductibles are the amount of an insurable expense that you must pay out-of-pocket before your insurer begins paying benefits. Because you guarantee the payment of that amount, it?s considered self-insured.
The higher the deductible you choose the lower your premium will be-but the more risk you take on. That is why, when evaluating deductibles, you must consider the potential strain it could put on your personal finances should you have an insurable incident and be required to pay it.
Lifetime Maximums
International health insurance policies put a limit on the costs that your policy will cover while it?s in effect. A lower limit will give you less overall protection than a higher limit. Before choosing a suitable maximum it?s important to get an idea of the potential costs of treatment for those incidents your policy protects you against. It?s also a good idea to think about the length of your trip and determine how that may increase your risk. Finally, consider your visa requirements.
When you keep these points in mind as you shop for international health insurance coverage, you can help ensure that you get the best policy both for your money and your trip.
Article Source: http://EzineArticles.com/?expert=Doug_Polifron
This entry was posted on February 10, 2012, 2:50 am and is filed under Health Insurance, International Health. You can follow any responses to this entry through RSS 2.0. Both comments and pings are currently closed.
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