Visitors Medical Insurance – An Overview
Visitors medical insurance covers unforeseen medical expenses of a policyholder from accidents or sickness that might occur during a foreign or US visit. It is aimed to benefit short-term travelers. The travelers may be on a visit to meet their near and dear ones or on a vacation to explore new destinations. Though the purpose of visit varies, the basic norms of insurance are applicable to all international travelers. The insurance companies give insurance coverage to tourists during travel and overseas stay.
Visitors medical insurance policies can be purchased any time prior or after the start of travel for different periods. The period may range from five days to three years. Various types of coverage from basic to most comprehensive ones are available. Plans also offer different levels of maximum coverage and many options for deductibles. One has to choose the best plan depending on the individual’s requirement and affordability.
Why Purchase The Insurance?
Health care in countries like USA and Canada is very expensive. Even a minor sickness may require shelling out large amounts of money. Serious medical illness may turn out to be financially disastrous. The insurance plans purchased in their home country do not insure the client in a foreign land. Hence, Visitors health insurance becomes all the more important for people travelling abroad. The insured person can avoid financial shortcomings during health emergencies.
Insurance Coverage
The Visitors medical insurance plans broadly include emergency medical need or evacuation, accidental death and dismemberment, repatriation of mortal remains, costs of prescription drug, and hospital, doctor’s and clinical expenses.
Some Basic Insurance Terms
It is very essential to get familiar with some basic insurance terminology in order to understand various plans and their benefits. Deductible is a basic feature of any policy. This is the amount that has to be paid to the insurance company before the company pays for the covered expenses. Co-insurance options vary with each plan and refer to the total amount to be paid by the insured to the company including the deductible. A comprehensive policy provides the insured a package of health care services.
Source : http://www.spodan.com/1067.html
Visitors medical insurance policies can be purchased any time prior or after the start of travel for different periods. The period may range from five days to three years. Various types of coverage from basic to most comprehensive ones are available. Plans also offer different levels of maximum coverage and many options for deductibles. One has to choose the best plan depending on the individual’s requirement and affordability.
Why Purchase The Insurance?
Health care in countries like USA and Canada is very expensive. Even a minor sickness may require shelling out large amounts of money. Serious medical illness may turn out to be financially disastrous. The insurance plans purchased in their home country do not insure the client in a foreign land. Hence, Visitors health insurance becomes all the more important for people travelling abroad. The insured person can avoid financial shortcomings during health emergencies.
Insurance Coverage
The Visitors medical insurance plans broadly include emergency medical need or evacuation, accidental death and dismemberment, repatriation of mortal remains, costs of prescription drug, and hospital, doctor’s and clinical expenses.
Some Basic Insurance Terms
It is very essential to get familiar with some basic insurance terminology in order to understand various plans and their benefits. Deductible is a basic feature of any policy. This is the amount that has to be paid to the insurance company before the company pays for the covered expenses. Co-insurance options vary with each plan and refer to the total amount to be paid by the insured to the company including the deductible. A comprehensive policy provides the insured a package of health care services.
Source : http://www.spodan.com/1067.html
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