In this section we have gathered several Health insurance terms that
are explained. These resources are offered to provide you with some explanation with
regards to International Healthcare plans. If you wish to have further
information about the following terms you can contact us; One of our
Heath advisors will promptly get in touch with you to answer all
questions you may have regarding your International medical insurance
The party (either an individual or legal entity) whom an
insurance policyholder assigns as the recipient of
policy benefits in the event of death to the insured.
The Coinsurance is measured in
terms of percentage of individual claim on top of
whatever amount paid by the insured person as
For a 20% (80/20) coinsurance clause, the insured person
pays 20% of his covered loss (in addition to deductible)
while the insurance company makes up the balance.
There is usually a preset ceiling as a form of
stop-loss for the insured person.
Using the example of 20% coinsurance, an
additional claim of $10,000 would result in the insured
person being obliged to pay another $2000.
A chronic condition refers to a long term suffering of
certain medical disorder whereby treatments are known to
bring relief but now cure, e.g. asthma.
Deductible / Excess:
This is similar to excess and refers to the pre-agreed
amount that the insured is obliged to pay before an
insurance company steps in to cover the additional
Emergency Repatriation Benefits:
Emergency reunion reimburses any travel related costs to
bring a family member to the insured person who is in
Repatriation benefit refers to the provision of
free-of-charge extraction services of the deceased
policyholder back to his/her country of residence.
These form the exemptions of any insurance coverage.
The most cited examples are: any associated
expenses from drug abuse, pre-existing health
conditions, pregnancy, voluntary engagement in harmful
activities, participation in certain sports/adventures,
expenses incurred from war, insurrection, riot, etc.
Hazardous Sports & Activities Coverage:
in general, insurance companies and travel protection
providers do not cover medical bills and/or travel
cancellation related to dangerous sport/activities.
However, there are some policies which provide
dangerous sports riders to at least partially offset
Maximum Policy Coverage:
This caps the amount of money that the insurance company
is willing to pay if the event being insured happens.
This refers to the investment you
put up in exchange of an insurance policy or trip
Travel related health insurance and trip
protection policy is paid 100% upfront, while
policyholders have the flexibility to pay the premiums
in monthly, quarterly, semi-yearly or yearly.
Pre-existing condition refers to any health condition
that has been affecting the insured (and other covered
persons) well before any plan or policy is taken up.
Underwriting involves the study of the profitability
that an event can take place, the establishment of
possible cost, and if it makes sense for the insurance
company to undertake such risk.