Medical insurance is a necessity for people visiting America as the cost of medical care is sky high. Whether you are an NRI looking to take medical insurance for your visiting parents or a visitor trying to be cautious, below is some information I have gathered from my friends.
Plans can be bought from India as well as in the USA. The advantage of buying a plan from India is that it is cheaper. But filing a claim could be a hassle. Buying a plan from USA has the advantage of simpler claim processing, and if you buy through a insurance agent, he handles everything for you. But it is costlier.
There are two types of coverage - fixed and comprehensive. And you need to decide what coverage you want. Plans from India are only fixed coverage plans for people older than 55. No comprehensive coverage is offered. There is usually NOT much difference between insurance agent quote and the direct quote from insurance company. The two popular insurance companies here are IMG and SC (Seven Corners).
To bring down the premium, you have to opt for a higher deductible. In unforeseen expenses, which can run in thousands of dollars, higher deductible would be peanuts in comparison to your total expenses.
If the insurance is for a person with pre-existing condition, try insurance from Multichoice Insurance or Atlas America. They cover pre-existing conditions too. Atlas covers pre-existing conditions only up-to 15K. Another good resource is VistorsCoverage website.
Post in comments if you find this information useful or if you have something to share.
0 comments:
Post a Comment