MANAGING YOUR INSURANCE - REVIEW YOUR POLICY

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This page contains dozens of short articles that will help you quickly understand international insurance. For example, terminology, purchasing details and managing your insurance coverage are topics that are all covered within these articles. Choose an Article From the Topics Below

PLEASE READ YOUR POLICY

One repeated statement we hear from the insured is, “I didn’t know that wasn’t covered on the policy.” Of course, when we face a major medical difficulty it is very discouraging to find out that a medical condition is not covered on our insurance policy.

I know of no insurance policy that covers “everything.” Insurance companies are very careful to state what they cover on the “Benefit Page” and what they do not cover on the “Exclusion Page” of their brochures. Although we may not like the exclusion page, it is one way insurance companies limit coverage on certain conditions and thus control premiums.

It is also important to note that most insurance plans in the same category cover basically the same things. When comparing plans that are similar, do not compare just the premiums, but also pay careful attention to the small differences in benefits. For example, one plan may have better maternity coverage. Also, if one plan has rates that are much lower than others, you can be assured that the benefits they are offering are not as rich as other comparable plans.

Above all keep in mind that no insurance plan will cover all possible medical situations.