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 (www.gninsurance.com and www.gninsurance.com) is continuing to update our clients on the new health insurance laws that were signed into law in the spring of 2010. There are six major coverage options for those in the US and even though some of the rules and regulations are similar for all many differences are […]
International term life insurance is available through Good Neighbor Insurance (GNI) at https://www.gninsurance.com/health/supplemental/term-life/. We have two term life insurance plans that will work perfectly for those who are residing outside the U.S. for 12 months or longer. Our guests who are expats have really enjoyed knowing that GNI provides. What happens if a spouse does […]
The big question is what kind of coverage is provided on your credit card. Some offer basic assistance benefits, while others will build in a medical evacuation program. Remember–the devil is always in the details! “Trusting your credit card travel coverage over an overseas health insurance policy is like trusting a canoe to get you […]
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 for those who are traveling and residing overseas for business that also covers security evacuation at www.onlineglobalhealthinsurance.com/global-rescue.asp. We have a variety of other travel insurance plans that you may view at […]
Never lie on your health insurance application. You will be asked about your medical history because the insurance company is looking for pre-existing conditions. This short blog will tell you what a pre-existing condition is and how it will affect your ability to get affordable health insurance.
Do you know which illnesses are driving up health insurance costs? Currently any form of cancer, incl.breast cancer (which equals about 4% of all insurance policyholders), premature babies, ongoing chronic conditions, heart attacks, strokes, dialysis, ventilators, diabetes, and treatment including drugs, therapies, tests, and more, quickly add up and equal 75% of U.S. medical costs. […]