Visitors health insurance - Different Deductible Options

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Covid-19 travel insurance for international travelers

While travelling in the midst of a coronavirus pandemic, one must ensure that they have the right travel health insurance with proper Covid-19 coverage. At America visitor insurance travelers can get visitors insurance for Covid -19 illness. We offer a range of options for visitors where they can compare using our Visitors insurance for Covid19 comparison tool based on the factors like the travelers age, duration of travel, the maximum coverage required, deductible and the need for pre-existing conditions or for covid coverage. Travelers can narrow down their search further by applying the “filter” option for Covid19 available in the tool. Please know we are here to help you make the best, informed decision to get coverage even for COVID-19! Let us know how we can assist you. Feel free to contact us by email or phone at any time.
Different Deductible Options
There is much information and many policies to choose from when selecting the best travel medical insurance plan. One difference between plans is that some have a maximum and deductible per incident and some have the maximum and deductible per policy period. What is the difference and which one is better?

Well, the difference is that the deductible per incident or sickness could be paid multiple times. A new deductible must be paid for each sickness or injury incurred by the insured. The likelihood of this is not very high, nor do we hope for multiple injuries and illnesses in the first place. Also, note there can be exceptions made to the rule. For example, on policies which offer coverage for pre-existing conditions on a per incident basis, they often have a maximum lifetime limit for the pre-existing condition.

A deductible on a per policy period basis has a matching maximum per policy period. This means that the deductible are paid out only one time during the policy which, for most, can be up to one year. When the plan is a comprehensive plan, most of the time you can calculate an out-of-pocket cost for the policy since the deductible (and coinsurance) are only paid out one time. There are exceptions to this rule, however. Sometimes there can be an additional deductible for some services (emergency room and maternity are most common).

When clients ask me which do I think is better I have a hard time answering. Most fixed policies are on a per incident basis (although not all, notably Visitor’s Care is the exception). In that sense, I generally recommend a comprehensive plan over a fixed plan and those plans are on a per policy period basis. However, if a client is over 80 years old I generally recommend a fixed plan and in that case I usually recommend one with the deductible and maximum on a per incident basis. The choice comes down to what the client feels most comfortable with in the end.

If you have further questions or concerns, please contact us and we can help you sort through your options! As always, we wish you safe and happy travels.

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