 |
INTERNATIONAL HEALTH INSURANCE |
|
|
|
Back to MAIN INDEX "Tips for Understanding International Insurance" | |
|
Brought to you by |
||
|
|
||
to favorites| |
INTERNATIONAL HEALTH INSURANCE |
|
|
|
Back to MAIN INDEX "Tips for Understanding International Insurance" | |
|
Brought to you by |
||
|
|
||
to favorites
CHOOSING A HEALTH INSURANCE PLAN-- WHAT TO LOOK
FOR
CHOOSING A HEALTH PLAN
AVOID BEING DECLINED FOR HEALTH INSURANCE
CONTROLLING UNBEARABLE INSURANCE RATES
SPLITTING POLICIES--A WAY TO SAVE MONEY
HOW LARGE A DEDUCTIBLE SHOULD I CHOOSE?
HIGH OR LOW DEDUCTIBLES--WHAT'S BEST?
WANT TO SAVE MONEY? CHOOSE A HIGH DEDUCTIBLE
HOW MUCH SHOULD I REVEAL ON MY APPLICATION?
AUTOMATIC CREDIT CARD DEDUCTIONS
THE
LARGE PRINT GIVETH, THE SMALL PRINT TAKETH AWAY
WHEN SHOULD I
SUBMIT MY INSURANCE APPLICATION?
FINALLY! CAREER
HEALTH INSURANCE FOR SINGLE WOMEN
THE WISDOM OF A
HIGH DEDUCTIBLE
OPTIONS FOR
COVERAGE OF PRE-EXISTING CONDITIONS
“STRONG” & “WEAK” CAREER
INTERNATIONAL HEALTH PLANS
MEDICAL
EVACUATION – HOW MUCH COVERAGE DO WE NEED?
LOW
DEDUCTIBLE. HIGH DEDUCTIBLE. WHAT’S BEST?
CHOOSING A HEALTH INSURANCE PLAN -- WHAT TO LOOK FOR
(1) You want to make sure it is really "health insurance" and not a "caring" or "sharing" plan. These plans have worked for some, but many participants have been disillusioned.
(2) Check out the A.A. Best Rating for the company that underwrites the
plan. This is not hard to obtain. An A+ rating is good, but a B+
is often
acceptable for health insurance companies.
(3) Check out the company administering the plan. These companies are called
"Third Party Administrators" (TPAs). Some TPAs that have been around
for a while and have grown large give poor service, while younger and
smaller TPAs give good service. So don't turn a TPA down just
because it is small.
(4) Read the plan carefully to make sure the benefits match your needs, e.g., does the plan have maternity, medical evacuation, preventive care, etc? What is the policy regarding pre-existing conditions? Do they rider/waiver them or give limited coverage?
(5) Have their annual price increases been reasonable? At the present time "reasonable" would be somewhere in the 8 percent to 15 percent range.
(6) Do they offer the deductible you desire? Remember, the most cost-effective deductible is generally $1,000.
(7) How do they handle co-insurance? Do you pay co-insurance overseas
or only in the USA?
(8) What is excluded from coverage? All insurance brochures have an "exclusion" section. Read that section carefully. Remember this key proverb when purchasing health insurance: THE LARGE PRINT GIVETH AND THE SMALL PRINT TAKETH AWAY!
(9) How good is the company at paying claims? Ask your broker this question. If he has represented the company for a year, he will have a pretty good idea of the speed with which claims are paid. Remember, the bottom line is that insurance is only as good as the claims-paying ability of the company.
(10) Finally, it is best to work through a broker who represents several
companies. An agent technically represents just one company. If so, he
only puts bread on his table if he sells you his product. A broker is
different. He helps you search for a policy that will work for you,
and is not dependent on selling you a specific plan. The good news is
that Good Neighbor Insurance is a brokerage that represents seven major
international health insurance companies. Thus we have a wide array of
health plans from which you may chose.
| Need Help? Call 480/813-9100; Fax 480/813-9930; Email: info@gninsurance.com |
