HMOs (Health Maintenance Organizations) and PPOs (Preferred Provider Organizations), to say the least, are not the best of friends! One thing HMOs do in their marketing is to claim that they have “no deductibles.” Of course this is a slam at PPOs that have deductibles. Yet HMOs don’t mention that if a client goes into the hospital on many of their policies there is a co-pay of $250 or $500. This large co-pay in some ways is similar to and often larger than some deductibles. Also, most people don’t realize that even though you may have a $500 deductible with a PPO you still have small co-pays if you visit a doctor. Generally, the doctor’s office visit, lab work, and x-rays are all covered with just the co-pay with no extra charge to the insured. This is very similar to how HMOs work. So, when does the deductible kick in? Usually for outpatient surgery, emergency room, and in- hospital stays. “Deductible” is not a dirty word. In many ways it is just a variation of a large co-pay. Most international policies are “classical” PPOs, and, according to my knowledge, none have co-pays. They could all be classed as “traditional” insurance; that is insurance that works from a deductible, co-insurance, and then total coverage. Good Neighbor Insurance – for international health and travel insurance
Good Neighbor Insurance, Inc provides top-notch international travel insurance benefits that include medical evacuation. You may view one of our best evacuation travel plans at www.onlineglobalhealthinsurance.com/global-rescue.asp and some of our other travel medical plans here at www.gninsurance.com/travel-A/international_travel_insurance.asp. Background An employee of a large technology company suffered a heart attack while on assignment in Bahrain. He […]
Natural disasters during your overseas trip can cause havoc to your travels in more ways than one. Then add the financial loss you may face due to change your itinerary or extra cost for medical and evacuation care for you and your family. This year, 2016, The National Oceanic and Atmospheric Administration’s (NOAA) Atlantic hurricane […]
Our Sky Rescue medical evacuation only travel plan, http://bit.ly/19teAcv, is a favorite travel plan for our clients. Especially those who might already have a medical plan that covers them overseas but does not include medical evacuation, which is usually the most costly part of any accident overseas. We have many travel guests of ours who need […]
Ongoing threats against Americans living and working in war zones raises the question about health and travel insurance. This post explains the benefits and exclusions of insurance for war situations.
ERISA Compliance FAQs What is an ERISA Plan? The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for employee benefit plans maintained by private-sector employers. ERISA includes requirements for both retirement plans (for example, 401(k) plans) and welfare benefit plans (for example, group health plans). ERISA has […]
Is traveling to Canada from the U.S. for the Vancouver Winter Olympics considered an international trip? Yes. Your U.S. domestic health insurance plan – whether it is individual, group, Medicare or Medicaid – will not cover you in Vancouver for medical evacuation. They may cover doctor and hospital visits, but they won’t cover you for medical […]