How to better understand your
international health insurance
Purchasing international health insurance is a smart decision for a myriad of reasons. During difficult times, it can provide crucial support and welcome peace of mind. However, many people do not know how their plan works, nor do they fully grasp the terms of their policy. Understanding these concepts is key to maximizing your coverage and avoiding surprises when you need medical care.
Why should you know your international health insurance?
International health insurance not only protects your finances from unexpected medical expenses brought on by high-cost illnesses, it also guarantees access to top-rated hospitals, clinics and specialists who offer many of the world’s most advanced treatments.
Knowing the scope of your plan allows you to:
- Make the most of your benefits
- Better plan the scope of your medical care
- Avoid unexpected expenses
- Feel secure when facing any eventuality
What are the basics of international health insurance?
Here are some of the most important terms you’ll find in your policy. Knowing them allows you to read your contract clearly and understand what to expect:
Deductible:
portion of the covered expenses that must be paid by the insured before the benefits of the policy become payable.
Grace period:
period of 30 days after the expiration date during which the policy may be renewed.
Pre-existing condition:
a condition diagnosed by a doctor before the effective date of the policy or its reinstatement, or for which medical advice or treatment was recommended or received; or for which symptoms and signs presented and, had a physician been consulted, a diagnosis of illness would have been made.
Usual, Customary and Reasonable (UCR):
The UCR for a service, treatment or supply is an amount determined by the company based on special rates established or previously contracted for the area or provider from whom the insured received services.
Waiting period:
time during which coverage of some benefits is excluded.
What should I keep in mind to get the most out of my plan?
Review your coverage
and adjust it according to your needs. VUMI® offers plans for all budgets and lifestyles, including the My VIP Care plan, a customizable plan that can be designed to cover exactly what you need.
Keep VUMI's emergency contacts
and customer service channels handy.
Be aware of waiting periods
i.e., the time that must elapse before you can use certain benefits.
Use preventive services and medical checkups
to proactively manage your health.
Seek expert advice
from your insurance agent before purchasing or modifying your plan.
