CHOOSING AN INSURANCE PLAN - FOUR CAREER HEALTH INSURANCE PLANS

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FOUR DIFFERENT TYPES OF CAREER HEALTH INSURANCE PLANS

  1. Plans that provide lifetime coverage overseas and in the USA. The coverage is seamless--you can leave and return to the USA at your leisure and always have insurance coverage.
  2. Plans that put temporary or permanent riders on pre-existing conditions. If the company puts temporary riders, e.g., two-, three-, or five-year riders on a condition, after that time period the pre-existing conditions will be covered. Sometimes the only way to get coverage anywhere is to accept a permanent rider.
  3. Plans that put a waiting period on pre-existing conditions. Generally this waiting period is two years. Sometimes companies also will include permanent riders. Plans like this are acceptable if you are not concerned about the pre-existing conditions.
  4. Plans that exclude coverage in the USA or in the USA and Canada. These plans are always less expensive than the plans above because they are excluding the location of the most expensive medical care in the world. If you live in an area where the medical care is very good, you may prefer a plan like this. We heard recently that one individual had a heart transplant done in Germany for $25,000. The same operation would cost $250,000 in the USA.

Good Neighbor Insurance carries all of these types of plans. You can get a good overview of them at http://www.gninsurance.com/career_plans.asp.