Every visitor insurance site on the web emphasizes the importance of purchasing a tourist insurance policy before leaving for an overseas trip. To understand why visitor insurance policies are very important, one should know the cost of these unforeseen medical expenses risks.
For example, a room charge on single day in a hospital situated in New Jersey could cost $5000. If you undergo appendectomy surgery in California and the period of hospitalization goes up to 2 days, you could incur a medical expense of $18000. An average charge of heart attack treatment costs about $20,000. In addition, the hospital charges have been increasing the last few years. Hence insurance companies are also incurring higher costs for reimbursing claims from the tourist insurance policy holder.
Hospitals are facing a lot of problems for receiving the payments from various insurance providers. In addition, people are nowadays trying to get an estimate of the medical expenses before undergoing a pre-planned surgery or major treatment.
Reports have come out that the victims are also independent patients who are not covered by a visitor health insurance plan. The itemized bills of the hospital are not transparent or comprehendible by many. Hence, many patients end up paying very fat bills from their pockets. In addition, people paying high deductible amounts for tourist insurance and uninsured individuals claim discounts for the huge expenses.
In a few cases, maintenance issues in the hospital may give rise to further complications for the patient undergoing treatment leading to further increase in the expenses. The inflation of the medical services is also resulting in individuals paying higher premiums as the insurance providers try to balance with the higher expenses incurred every year by the insured.
To Protect yourself against the contingencies purchase a insurance for tourist plan. Usually, the permanent residents of US ensure that they are covered for $5 million - $8 million. In the case of tourists, the recommended coverage would be typically up to $500,000.
Exclusion section of the visitor insurance policy details out those circumstances under which the insured would not be reimbursed. Also, coverage is not available for pre-existing conditions which refer to any disease, illness or abnormalities that exist at the time of applying for visitor insurance plan.
For example, a room charge on single day in a hospital situated in New Jersey could cost $5000. If you undergo appendectomy surgery in California and the period of hospitalization goes up to 2 days, you could incur a medical expense of $18000. An average charge of heart attack treatment costs about $20,000. In addition, the hospital charges have been increasing the last few years. Hence insurance companies are also incurring higher costs for reimbursing claims from the tourist insurance policy holder.
Hospitals are facing a lot of problems for receiving the payments from various insurance providers. In addition, people are nowadays trying to get an estimate of the medical expenses before undergoing a pre-planned surgery or major treatment.
Reports have come out that the victims are also independent patients who are not covered by a visitor health insurance plan. The itemized bills of the hospital are not transparent or comprehendible by many. Hence, many patients end up paying very fat bills from their pockets. In addition, people paying high deductible amounts for tourist insurance and uninsured individuals claim discounts for the huge expenses.
In a few cases, maintenance issues in the hospital may give rise to further complications for the patient undergoing treatment leading to further increase in the expenses. The inflation of the medical services is also resulting in individuals paying higher premiums as the insurance providers try to balance with the higher expenses incurred every year by the insured.
To Protect yourself against the contingencies purchase a insurance for tourist plan. Usually, the permanent residents of US ensure that they are covered for $5 million - $8 million. In the case of tourists, the recommended coverage would be typically up to $500,000.
Exclusion section of the visitor insurance policy details out those circumstances under which the insured would not be reimbursed. Also, coverage is not available for pre-existing conditions which refer to any disease, illness or abnormalities that exist at the time of applying for visitor insurance plan.
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