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International Health Insurance Plans

admin — Thu, 17 Dec 2009 23:55:28 +0000

International health insurance plans have gained popularity over the years as more and more people who love to travel find the need for a medical coverage while they are in a foreign land. International health insurance provides broad coverage in the event of illness or injury.

So many health-related mishaps can happen while you are traveling in a foreign country, and since you are not a native of the place, you might not be eligible for government-sponsored health care. That is why if you travel overseas most of the time (either for business or for pleasure or maybe both), it is important that you have an international health insurance plan.

Basically, international health insurance offers two plans: the travel medical insurance and the expatriate medical insurance. Although these both provide coverage in the event of sickness or accident, the coverage vary on their length of the stay in the foreign country.

The travel medical insurance is the more popular type of international health insurance. This is a better option for those travelers who are making one tour or cruise and only stays in a foreign land for a shorter duration like seven days to twelve months. This usually consists of $1 million coverage for ordinary and emergency healthcare, home country coverage and trip interruption.

On the other hand, if you are an American who wishes to live in another country for an extended time, the expatriate medical insurance is the plan for you. It is essential to make sure that you and your family are covered in your new country. The advantage of this over the travel medical insurance is that this can be renewable annually and has a bigger coverage of up to $5 million.

Getting an international health insurance plan is indeed a wise move, whether you are traveling just for few days or for a longer duration. But see to it that what you choose is exactly the plan that will best work for your travel insurance needs.

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International Travelers’ Health Plans

admin — Thu, 17 Dec 2009 23:55:00 +0000

Chances of having health-related concerns may increase if you are traveling in foreign countries. You may not qualify for any of the local government-sponsored health care programs considering that you are not a native of the country you are visiting. If you travel internationally, therefore, it is very important to have an international health insurance plan.

International health insurance plans basically offer two kinds of plans: travel medical insurance and expatriate medical insurance. Both cover the expenses of certain sickness or accidents. However, each varies with regards to the length of the stay in the foreign country.

The more popular of the two plans would be travel medical insurance. It is often considered as a better option for travelers who are staying in a foreign country for a shorter span of time – usually covering only one tour or cruise and durations of about seven days to twelve months. Usually, $1 million of coverage is given consisting of ordinary and emergency health care as well as country coverage and trip interruption.

However, an expatriate medical plan would be more suitable if you are an American who is thinking of moving to another country for an extended amount of time. Of course, it is important to ensure that you and your family are covered in your new country. One of the best things about an expatriate medical plan is that it can be renewable every year and provides a larger coverage – up to $5 million.

It is definitely a wise move to get an international health insurance plan. This goes for all travelers; whether you are traveling for a limited span of time or for a much longer duration. However, see to it that you gather enough information and tips so you can choose the most fitting plan that will be best for all your insurance needs and expectations.

Health is wealth, so we all say. Therefore, all of us should watch our health a little more closely. A health insurance plan is one of our best tools of protection. We should have one ready anytime, anywhere. This includes when we are going abroad. Remember that accidents and any other mishaps do not choose the exact date, time nor place where they would occur.

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Lower Your Premiums With Florida Health Savings Account Plans (HSA)

admin — Sat, 24 Oct 2009 05:18:47 +0000

I would like to talk to you today about Florida Health Savings Account plans (Florida HSA). This is a type of health insurance plan that offers very low cost premiums with a somewhat higher deductible.

Many of you have discovered how great these plans can be and have already taken advantage of them. The rest of you still have a frame of mind that prevents you from buying these cost-saving Florida health insurance plans. You still think that you will be able to buy a plan with low co-pays, covers everything and has a $100 deductible. Then again, many of you still hold on to the hope that Santa Claus is a real person.

Let’s say you are sitting in your living room and a baseball flies through the window. It breaks a pane of glass. You call to have it repaired and the charges total $100. Your homeowner’s policy has a $5,000 deductible so you pay out of pocket.

Chances are you do not spend the next day shouting about your rotten homeowner’s policy that would not reimburse you the $100. Chances are that you do not shout at your home owner’s insurance agent about “What the hell do I pay premiums for?”

Why? It is because you bought the policy to help pay for the things that can happen to a home that cost a lot of money. Situations like a fire or a hurricane. You are smart enough to know that if they paid for the broken window, your homeowner’s plan would be even more outrageously expensive than it already is. You can pay for the window and your children will still eat tomorrow.

The purpose of insurance, any type of insurance, is to provide financial help for those situations that would be a hardship if we had to pay out of own pockets. The degree to which you want to be protected, in other words the amount of compensation you receive and the deductible (the amount you have to pay before the insurance company does), will determine how much you pay for insurance. It is as simple as that.

Those of you looking for a Florida health insurance plan with $10 co-pays, $100 deductibles, vision, dental and a limo to pick you up and take you to the doctor are living in a dream world. Health insurance premiums in Florida, in case you did not notice, are going up each year 8% to 20% depending on the carrier and plan.

Now, let’s talk about an intelligent solution. The rest of this discussion will assume a working knowledge of 4th grade arithmetic. You do NOT have to smarter than a 5th grader to understand all of this.

All of our HSA plans are PPO’s. In other words, if you go to a network provider (physician, lab, testing facility, etc.) you are entitled to the discounted PPO rate for services. You will pay the reduced rate the insurance company pays. A physician visit may be reduced from $100 down to $60 under these circumstances.

You pay a premium each month for the health insurance plan, just like any other Florida health insurance. However, this plan has a somewhat higher deductible and a lower monthly premium. If you meet the deductible, the insurance company pays the rest of your expenses. It is still multi-million dollar major medical coverage.

What about doctor’s visits and prescriptions? You pay them. But here is the catch. Uncle Sam allows you to set up a special savings account. This is an interest bearing account, the money is yours, and it does not disappear at the end of the year.

For every dollar you put into the savings account, you can take a dollar off of your gross income at tax time. Your “Uncle” is helping you to pay for your health insurance. You are paying medical expenses with pre-tax money.

Here is an example. A couple (Male 40 and Female 35) living in Pinellas County would pay $130 a month for a $6000 deductible HSA plan. A plan with a similar out of pocket expense and some doctor co-pays would be $270 a month.

For the privilege of paying a doctor visit for $35 instead of $60, it will cost them more than $1600 a year. From my stand point, that is insane. If something terrible happened to you, the coverage is the same. Actually, you would pay a little less in out-of-pocket expenses with the HSA plan.

If this couple were in a 25% tax bracket and put the $1600 into their Health Savings Account, they would save $400 a year in taxes and get interest on the money as well. If you factor that in, they are paying less than $100 a month for multi-million dollar PPO Florida health insurance. Not bad.

I am not going to go through a complete explanation as to how the HSA plans work. It is discussed on our website flquote.com. Plus, I would be glad to email you a complete brochure.

You need to approach health insurance (or any type of insurance) with a business mindset. The question you need to ask yourself or your agent is “What do I get for the extra dollar of premium?” In our aforementioned example, what did they get for the extra $1,600 a year? Not much really.

Believe it or not, the insurance carriers want you to buy the cheaper high deductible plans. They structure their prices to make it much more attractive. It is good for you and it is even better for them. Plus, the rate increases tend to be much lower.

Florida HSA plans are almost always the best choice for health insurance. How much are you paying for your low deductible health insurance plan? You think you are going to the doctor for $20. But, if you pay an extra $1,000 a year for the plan and go to the doctor 4 times in a year, the visit is costing you $220. Not such a bargain after all.

Has the light gone on yet? Are you starting to understand that the insurance company is trying to rip you off? Call us at 800-2727-0512 and we will walk you through a quote that will compare your plan to a Florida HSA plan.

By: Martin Unger

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