Let us take an example: The medical bill is $25,000; Deductible is $250 and choosen Policy Maximum is $50,000.
- Insurance coverage is $50,000
- Deductible is $250 per certificate period
- Coinsurance : After the deductible, 90% of first $10,000 and then 100% to the policy limit
- Total medical expenses is $25,000
The Visit USA travel insurance plan covers clearly defined amounts for different medical situations up to a medical maximum coverage $50,000
. The insured must pay the deductible ($250). After that, the insurance plan pays fixed amount as defined in the policy for specific treatment. In this hypothetical example described in the table, the insured has to pay $1,000
. This is the difference between the fixed amount the insurance pays and the actual billed amount.