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
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.
Answering Your Travel Insurance and Residency Questions You’re shopping for a travel insurance plan, but you’re confused about how your decision could be impacted by the place where you live, your citizenship status, and your travel destination. You’re not alone. We have received many questions from clients about how their country of residence and country […]
New ACA laws will help businesses from 11-99 employees with self funded health insurance Here is a really interesting article for employers with up to 100 employees seeking to self-insure their health benefits. In the past, employers who had too many claims and got in trouble of either: 1.) Running out of reserves 2.) Getting […]
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. All of our travel medical insurance plans have medical evacuation cover that is vital to have on any […]
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 […]
Return of Mortal Remains/ Repatriation of Remains explained: The Return or Repatriation of Remains benefit included in all of our travel insurance plans is designed to cover the costs associated with returning your body to your home country if you were to pass away. Plus, some things you can do to make things easier if […]