Visitor Medical Insurance Glossary
Visitor Health Insurance USA
Insurance Glossary of Terms used in Visitors Health Insurance, Visitors Medical Insurance, Travel Health Insurance, Travel Medical Insurance
Visitor Medical Insurance Glossary provides general descriptions of commonly used terms in international visitor medical insurance industry. It should be noted that there are differences between plans and that they all do not function in the same way. Please refer to individual insurance policy brochures and/or policy/certificates of insurance for complete details about each insurance plan.
Travel Health Insurance Glossary
Visitor Insurance Plans & Coverage
- Visitors Insurance – For visitors to USA or international travelers, ideal option for relatives or parents visiting USA.
- Global Health Insurance – For expatriates, worldwide residents or workers.
- International Student Insurance – For foreign students studying in America or outside home country.
- Group Travel Insurance – For groups of five or more visiting USA or traveling across borders.
- Multi Trip Insurance – Annual travel medical insurance plan for business travelers or globetrotters.
- Immigrant Insurance – For immigrant visa holders or new immigrants on green cards.
- J1 Visa Insurance – For exchange visitors as cultural program participants, au pairs, or research scholars, etc.
- Schengen Visa Insurance – For travel to Europe as tourist on vacation with Schengen visa.
- Trip Cancellation Insurance – For protection of trip costs for international travelers, vacationers, or cruise travel.
Need info on other international travel medical and health insurance plans, please contact us.
Legal term that distinguishes oral statements from written statements.
Physical Exam and Autopsy:
A provision that allows an insurer, at its own expense, to have an insured physically examined when a claim is pending or to have an autopsy performed where not prohibited by law.
Maximum amount of money that the insurance company will pay for covered expenses. Policy maximum can be either per policy period, per year, life time or per injury/sickness depending upon the insurance policy you purchase.
A pre-existing condition is defined as any injury, illness, sickness, disease, or other physical, medical, mental or nervous condition, disorder or ailment that existed at the time of application or during the past duration(specified by each insurance plan) prior to the effective date of the insurance, including any subsequent, chronic or recurring complications or consequences related to thereto or arising there from.
Amount you pay to purchase medical insurance plan. Premium may be paid monthly, quarterly, semi-annually, annually or for entire duration of the coverage depending upon the insurance policy you purchase.
The full face value of a policy.
Rate Service Organization:
An organization that is formed by, or on behalf of, a group of insurers to develop rates for those insurers, and to file the rates with the insurance department on behalf of its members. They may also act as a collection point for actuarial data.
A situation in which two parties provide the same help or advantages to each other (for example, Producer A living in State A can transact business as a nonresident in State B if State B’s resident producers can transact business in State A).
A form of insurance whereby one insurance company (the reinsurer) in consideration of a premium paid to it, agrees to indemnify another insurance company (the ceding company) for part or all of its liabilities from insurance policies it has issued.
Type of disability income policy that provides benefits for loss of income when a person returns to work after a total disability, but is still not able to perform at the same level as before becoming disabled.
Return of minor children:
If an insured person is hospitalized due to a covered illness/injury and is traveling alone with child(ren) of age 19 or under that otherwise would be left unattended, the cost of one way economy fare to their home country, usually up to some reasonable maximum amount.
If, during a covered trip, there is a death of an immediate family member(spouse, child, parent or sibling) or the substantial destruction of the insured’s principal residence, many plans would pay the insured to the area of principal residence. Many plans usually pay for one way air or ground transporation ticket of the same class as the unused travel ticket, less the value of the unused return ticket.
UC&R (or Usual, Customary & Reasonable):
UC&R (or Usual, Customary & Reasonable) Charges represent the average or most common amount charged by providers for a particular service, treatment, or supply in the same geographic area. Typically information on rates for procedures is compiled into a data bank and updated periodically. So when a claim is submitted for a plan with UC&R benefits, the insurance company before making the claim payment reviews the UC&R rate and double checks that hospitals and doctors are not billing excessively for the particular service or procedure. Most well respected plans from Blue Cross, Aetna, Lloyds, Unicare etc. follow the UC&R schedule.
Utmost Good Faith:
The fair and equal bargaining by both parties in forming the contract, where the applicant must make full disclosure of risk to the company, and the insurance company must be fair in underwriting the risk.
Visitor Insurance Services Review
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