Why compare international travel insurance plans?
There are several
International travel Insurance plans that are available in the market which seem quite similar when we have a cursory look at them. Most international travel insurance plans have many common benefits and the premium for a covered benefit might also be similar. However, the need of every individual/customer is quite unique. Each plan typically has a few additional benefits or perhaps some restrictions. In order to choose the right plan for an individual's preference, to get sufficient coverage from the health insurance plan for international travel, it is important to compare several features available in the travel insurance from top rated international providers.
Let us see the different features for comparing international travel health insurance plans:
Type of plan (Fixed or Comprehensive): Fixed benefit travel insurance plans are cheaper when compared to the
Comprehensive travel insurance plans however they are more limited in coverage when compared to the Comprehensive plans. Normally, it is recommended to choose Comprehensive plan but there are times when some people are looking for an economical option. However, if interested in a fixed option, then the right approach is comparing the fixed plans and choosing the right plan .This again involves looking into other factors.
Policy Maximum: This is the maximum amount on the insurance plan which normally ranges from $50,000 up to $1,000,000. This is the maximum a policy can cover in case of an extreme emergency as per the policy guidelines and conditions mentioned in the policy.
Deductible: The deductible options can range anywhere from $50 up to $5000 between the plans. A larger deductible means lower premium price and vice versa. Picking a large deductible thus low premium by choosing a comprehensive plan is usually recommended, as most of the comprehensive plans have a one-time deductible and is cost effective.
Pre-existing condition coverage: This is very important benefit factor as many customers need international travel insurance with pre-existing conditions coverage. This benefit requirement mostly is required by people over the age of 60, however there may be exceptions where younger people may need this coverage too. Most of the comprehensive plans offer this coverage for people up to 70, some go up to 80 and a few provide for people above 80. Fixed plans limit this coverage for the age 70. Very few plans do not have pre-existing condition coverage at all.
Pre existing condition international travel insurance coverage is provided usually only for acute onset of a pre existing condition. There is only one company that offers plans that provides full pre-existing condition coverage.
Different kinds of plans: We have international travel insurance also known as US visitor insurance plans or travel medical insurance plans. Then, we have trip plans. Trip cancellation insurance plans are suitable for someone who needs their trip amount to be insured in case of unexpected cancellation. This is slightly different from travel insurance plans which does not provide the trip cancellation benefit. Trip insurance plans provide most of the benefits that a travel insurance plan can provide. Most of the trip cancellation insurance plans include
cancel for any reason coverage.
Cancellation and Renewability: Each plan have their unique cancellation and renew-ability of policies. It is important to pay attention to it if there is any ambiguity while booking insurance initially.
Residential status: Most international travel insurance plans provide coverage only within the US. Some plans provide coverage worldwide. There are plans available only for Non US citizens visiting the US. There are plans where both Non US and US citizens living abroad are eligible to visit the US and claim coverage. There are plans where US citizens traveling outside the US are eligible. Comparing the plans to look for this factor is necessary before we purchase the plan and start the travel.
Sports and other unique activities: Some of the plans provide excellent sports
travel insurance coverage for hazardous sports and other adventure activities.
Based on these
international travel insurance factors, the customer can find the best travel insurance plan for their needs. At American Visitor Insurance we provide an excellent facility where getting quotes for the plans as per the travelers unique requirement is a lot easier and user friendly. Once the required information is entered in the form, a summary of plans are displayed according to that which satisfies the needs of the customers.
