With soaring insurance costs everyone is looking for a way to control their health insurance premium. One way is to take out a long-term policy that only provides coverage outside the USA. Then, when you come on furlough, take out a short-term policy for furlough coverage. Here is a comparison of what rates look like when US coverage is excluded for a couple in their early thirties with two children under nine and a $1000 deductible: Including coverage in the USA = $2258 per year; Excluding coverage in the USA = $1694 per year. Thus rates excluding the USA are 25 percent lower. Of course, you would need furlough coverage which would be about $150-$200 per month during your furlough, depending on deductibles, etc.
- Individuals usually want to receive medical care in their home country for serious illnesses
- If you are in Europe or certain places in Asia or South Africa, you can get excellent medical care, plus there are excellent world-class hospitals in many other countries
- Preexisting conditions are not covered on short-term plans
However, for those who are interested in cutting the cost of their insurance, excluding the USA in a policy is an option.
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