Comprehensive travel insurance with exhaustive coverage when compared to fixed or scheduled benefit plans. The plan pays for all expenses after the deductible and co-insurance component. The plan is recommended given the high costs of health care arouond the world. The plan is worth every penny of premium paid in the event of catastrophic medical emergencies.
These plans do not have benefit limits based on the type of medical expense.
Benefits for covered medical expenses go all the way up to the plan maximum (less deductible and co-insurance)
A working example of using Patriot America travel insurance (Offered by International Medical Group)
Consider an example where your:
Insurance coverage is $50,000
Deductible is $250 per certificate period
Coinsurance for claims incurred inside US and in the PPO: The plan pays 100%
Your claims for medical expenses is $24,250
Below is a simple calculation showing how much the plan/insurance company pays you:
Subtract the deductible from claims amount - $24,250 minus $250 equals $24,000. Insured bears $250
Apply 100% coinsurance.
Plan/insurance company pays 100%: $24,250 and insured
bears $250
Patriot America Insurance
Expense
Amount billed
Amount Insurance Pays
Amount Insured Owes
Deductible
$250
$0
$250
Days in hospital
$2,000/day for 3 days
$6,000
$0
Surgery
$16,000
$16,000
$0
Prescription Drugs
$600
$600
$0
X Ray
$1,400
$1,400
$0
Total:
$24,250
$24,000
$250
Advantages
Disadvantages
Patriot America Insurance advantages
It is a comprehensive benefit plan.
Good provider network.
One time deductible per policy period.
Plan can be renewed up to two years, if plan is purchased for a minimum of 1 month.
Refund of full premium if the policy is cancelled before the effective date. If the cancellation request is received after the policy start date, you will get refund for unused months after deducting the cancellation charges.
Discounts on pharmacy for certificate holders of patriot plans through participating pharmacies in the US.
Optional rider cover for adventure sports, AD&D, citizenship return rider and evacuation plus rider.
Coinsurance outside US & Canada - No coinsurance.
Coinsurance inside US & Canada - Within PPO network, plan pays 90% of eligible expenses up to $5,000, then 100% up to Max limit. Outside PPO network, plan pays 80% of eligible expenses up to $5,000, then 100% up to Max limit.
US expats looking to visit the US can buy Patriot travel insurance. They must have resided outside US continuously for the past 6 months and must have a current health plan in force.
Patriot America Insurance Disadvantages
Travelers above 65 years and visiting US, coverage must begin within 30 days of arrival in the US and for below 65 year old the coverage must begin within 6 months of arrival in US.
What are some insurance terms important in Patriot America Insurance reviews?
Plan Maximum coverage of Patriot America travel insurance:
This the maximum coverage that the plan would offer for the medical expenses. Patriot America insurance offers maximum coverage up to 1 million.
What is a deductible in Patriot America visitors insurance?
This is the initial amount the traveler needs to pay before the insurance actually start paying. Remember higher deductible have less premium than a plan with lower deductible.Patriot America insurance has deductible options from $0 up to $2,500
What is a provider network of Patriot America Medical Insurance?
It is a network of health care providers. Insurance companies form these in order to control the costs of health care. An insurance plan would pay 100% of the eligible expenses if the insured is admitted to hospital or health care center within the provider network.
What is coinsurance in Patriot America visitor insurance?
This is a percentage of the bill that the travel has to pay. Patriot America plan have no coinsurance coverage outside USA. For coverage inside USA: Patriot America pays IN PPO NETWORK The plan pays 100%. OUT OF PPO NETWORK The plan pays 80% of eligible expenses up to $5,000, then 100% up to the Maximum Limit.
Renewability of Patriot America Travel health insurance
Patriot America Insurance can be renewed from 5 days to 364 days and later can be renewed maximum up to 2 years.
Eligibility to buy Patriot America Insurance Online
Both these US visitor insurance plans offer comprehensive medical coverage to Non US citizens visiting US for a short period. Patriot America has time restrictions that it has to be bought within 30 days of arrival in the US.
Patriot America Insurance underwritten by Sirius International Insurance Corporation and rating "A" (Excellent) by AM Best Rating.
Unique Benefits
For those under 65 years of age and visiting the US initial period of coverage must begin within 6 months of arrival and for those above 65 it must begin within 30 days of arrival.
Plan can be purchased for a minimum of 5 days and can be renewed (unless there is a break in coverage) for a total of up to 2 years.
Each insured person must only satisfy one deductible and co insurance within each 12 months coverage period.
Claims must be presented to IMG for payment within the period of coverage, benefit period or during the 3 months immediately following the period of coverage.
There is no Co insurance for the treatment received outside the USA and Canada.
As per the precertification, the insured or their attending physician must call the number listed on the IMG Identification Card prior to the admittance to a hospital or performance of a surgery. Billing will be done directly if precertification is obtained.
Plan offers variety of OPTIONAL RIDERS:
Adventure Sports Rider up to $50,000
Enhanced AD&D Rider up to $400,000
Evacuation Plus Rider
Chaperone/Faculty Leader Replacement Rider (avaliable on group plans)
