Global Medical Silver Insurance is an affordable long-term, annually-renewable, major medical insurance. This insurance has specific dollar limits on most benefits. It is the perfect expatriate medical insurance policy for those who want coverage for a variety of medical services, but are seeking to reduce their premium costs.
Global Medical Silver Insurance Cost
Global Medical Silver covid travel insurance coverage for Coronavirus, IMG covid insurance
The Global Medical Silver insurance includes COVID19 coverage up to the policy maximum for new purchasers after September 1st 2020. Customers who are renewing existing plans purchased before September 1st 2020 and want the new Covid19 coverage benefits should let their existing plan expire and then purchase a new plan. Extending or renewing their existing plan will not provide the additional benefits listed above.
Global Medical Insurance is available to individuals and families for all nationalities residing outside their home country.
Higher deductible options for the insured to choose from.
Deductible per period of coverage and 50% waiver of deductible if service is taken within the PPO network.
No coinsurance within the PPO network and outside the US and Canada.
Coinsurance inside the US & Canada (outside of PPO network) - 80% of the first $5000 after the deductible and then 100% of overall Max per period of coverage.
Refund of full premium if policy cancellation request is received within 15 days of receipt of the relevant insurance documents.
Policy cancellation request after this period will be granted at the sole discretion of IMG administrator.
Clearly defined limits under fixed benefits coverage. More affordable when compared to comprehensive plans, but with correspondingly less coverage. This works for small ailments, but can be inadequate for major expenses.
Cheapest options in the market definitely more affordable
Fixed benefits plans are have specific benefit limits for different covered medical expenses.These benefit limits are not the same as the plan medical maximum.
Treatment Outside the U.S.50% of deductible waived, up to a maximum of $2,500. No coinsurance.
Treatment Inside the U.S. (using Medical Concierge)50% of deductible waived, up to a maximum of $2,500. No coinsurance.
Treatment Inside the U.S. (PPO Network)Subject to deductible. No coinsurance.
Treatment Inside the U.S. (Non PPO Network)Subject to deductible. Plan pays 80% of the next $5,000 of eligible expenses, then 100% to the overall maximum per period of coverage.
Outpatient Office visits and Diagnostic/X-Ray$300 maximum per visit - lab tests; $250 maximum per visit -diagnostic X-rays 25 combined maximum visits $70 per visit/examination - specialists/physician charges$50 per visit/examination - chiropractor charges $500 per consultation - surgery intervention consultation charges Subject to deductible and coinsurance
Mental/NervousSubject to deductible and coinsurance. Outpatient after 12 months of continuous coverage
Emergency room accident100%
Emergency room illnessSubject to deductible and coinsurance. Covered only if admitted as inpatien
Hospitalization/room & boardSubject to deductible and coinsurance for average semi-private room rate. All subject to $600 per day /240 day maximum
Intensive careSubject to deductible and coinsurance. $1,500 limit per day - 180 days of coverage per event
CAT Scans, MRI, Echocardiography, Endoscopy, Gastroscopy, CystoscopySubject to deductible and coinsurance. $600 maximum limit per examination
Surgery100%
Assistant Surgeon20% of primary surgeon’s charge
Chemotherapy or Radiation TherapySubject to deductible and coinsurance
Physical therapySubject to deductible and coinsurance. $40 maximum per visit - 30 visit limit
Transplants$250,000 lifetime maximum
Prescription CoverageSubject to deductible and coinsurance. 90-day supply per prescription following related covered event. U.S. Retail Pharmacy out-of-network: 80%International Retail Phamacy: 100%
Orphan or Biologic Drugs (Available when all conditions are met) » Approved in writing by company » Medically necessary » Not experimental or investigational Applies to period of coverage max. Max limit applies towards lifetime max.
Inpatient & Outpatient Treatmentmaximum limit: $250,000. Subject to deductible and coinsurance
Healthy Travel Preventative Coverage$250 lifetime maximum. Not subject to deductible or coinsurance. Applies to vaccinations and preventative prescription drugs administered by a physician within 30 days prior to the insured person’s initial effective date and before departing to any destination
VisionOptional Rider
Emergency Local Ambulance (Injury or Illness resulting in an inpatient hospital admission)$1,500 maximum limit per event. Not subject to deductible or coinsurance
Emergency evacuation$50,000 maximum per period of coverage. Not subject to deductible or coinsurance
Interfacility Ambulance Transfer ( Transfer from one licensed health care facility to another licensed health care facility)$1,500 maximum limit per event. Not subject to deductible or coinsurance. U.S. only
Return of mortal remains$25,000 lifetime maximum. Not subject to deductible or coinsurance
Traumatic Dental InjuryTreatment at a hospital facility$1,000 per period of coverage
Non-Emergency DentalOptional Rider
Hospital Indemnity(Inpatient hospitalization outside the U.S. only)Private Hospitals: $400 maximum limit per overnight and $4,000 maximum limit per period of coverage Public Hospitals: $500 maximum limit per overnight and $5,000 maximum limit per period of coverage. Not subject to deductible or coinsurance
Child Preventative Care( Through age 18)$70 maximum per visit, 3 visit limit per period of coverage. Not subject to deductible or coinsurance.
Pre-Existing Conditions Limitation$50,000 lifetime maximum; $5,000 per period of coverage for unknown conditions. Available after 24 months of continuous coverage*
Cheap international health insurance - Global insurance
