A working example of using Choice Plan travel insurance (Offered by INF)
Consider an Choice Plan Plan A example where your:
- Insurance coverage is $50,000
- Deductible is $500 per injury or sickness
- Your claims for medical expenses is $13,500
Below is a simple calculation showing how much the plan/insurance company pays you:
- Subtract the deductible from claims amount - $13,500 minus $500 equals $13,000.
Insured bears $500.
- The insurance provider pays fixed amounts based on the schedule of benefits (as shown in the table) and you have to pay the remaining balance.
Expense |
Amount billed |
Amount Insurance Pays |
Amount Insured Owes |
Deductible |
$500 |
$0 |
$500 |
Hospital Room & Board including
Laboratory Tests, X-rays, Prescription
Medical and other miscellaneous |
$2,000/day for 3 days |
Up to $1,300/day, 3 day maximum |
$2,100 |
Surgical Treatment |
$6,000 |
$3,000 |
$3,000 |
Prescription Drugs |
$600 |
$100 |
$500 |
Diagnostic X-rays & Lab Services |
$400 |
$400 |
$0 |
Total: |
$13,500 |
$7,400 |
$6,100 |