H Visa Insurance, H1B visa insurance for USA

H Visa Insurance Plans

1. The age of traveler :The older the H visa holder, the more expensive the monthly plan cost
2. The Maximum Medical Coverage selected : The options range from $25,000, up to $1,000,000, the higher the coverage amount, the higher the premium.
3. The selected Deductible: A ‘deductible’ is the amount of the medical costs the customer pays before the insurance plan provides any coverage. Most plans provide several options ranging form $0 to $2500 (travelers over age 60 years may not have the $0 deductible option). The lower the deductible, the higher the premium.
4. The Co-insurance on the plan: ‘Co-insurance’ is the percentage on medical expenses borne by the customer AFTER the deductible is paid off. This is relevant to comprehensive plans and is typically the 80/20 or 90/10.
5. The Insurance underwriter: There are different underwriters such as AIG, Lloyds, Nationwide, etc. Premium will correspondingly vary for different underwriter.
6. Type of plan: There are two types of plans available:
   1. Fixed benefits - These plans have a list of medical benefits, over and above which the plan will not pay. While these plans tend to have lower premiums, the out of pocket costs (the cost borne by the customer that are over and above the fixed benefit) may be quite high.
   2. Comprehensive - These plans are more flexible than fixed plans and do not have fixed ceilings for various medical benefits. Because they provide more extensive coverage they also cost more.

H Visa Insurance Purchase procedure