LANE: Understanding Your Travel Health Insurance Before You Go


Content of the article

With the COVID-19 vaccinations of most retirees, thousands of Canadians – including perhaps our recently retired Prime Minister – are preparing to head south this fall or winter. Snowbirds in Canada will rely on purchasing travel health insurance against the risks of accident or illness.

Advertising

Content of the article

Healthcare costs, especially in the United States, can be catastrophic on their own: a hip replacement or emergency treatment for a heart attack can easily result in bills of $ 100,000 and more. (A Seattle man, hospitalized with COVID-19 for 62 days, racked up a bill of US $ 1,122,591.) Health insurance premiums depend on age, medical history, deductibles and length of stay. stay. Insurance companies that now purchase travel health insurance policies with coverage for COVID-19 are charging “healthy” premiums. And, questionnaires completed by travelers require medical knowledge, especially to seek the discovery of pre-existing conditions.

Content of the article

The accuracy of your information can determine whether your insurer “pays” when you file a claim (for accident or illness). Just because you have purchased coverage for the required medical services, you can have no absolute guarantee that the insurer will end up “paying”. To begin with, immediately after seeking medical attention in the United States, you or a member of your family should contact your insurance company before obtaining health services. Ultimately, the insurer decides to direct and approve the medical intervention. (In some cases, the insurer will choose to fly you back to Canada – the much cheaper Canadian health care costs here often far exceed the cost of a flight.)

Advertising

Content of the article

If the information you have provided to the insurer is deemed misleading, erroneous, or even questionable by the insurer, the insurer may choose to deny your claim – leaving the claimant to pay the health bills made by US health providers. While the insurance company is involved with you when seeking the medical services you need, the insurer can, often after U.S. medical services have already been provided, seek out and receive medical information from your ( your) Canadian doctor (s). If the insurer concludes that the medical information you provide when purchasing the policy is not accurate, the insurer may choose to deny the claim, leaving you, the “patient”, to cover all costs.

Obtaining valid information different from that disclosed by the policyholder allows the insurer to deny a claim, even when the accident or illness giving rise to the details of the claim has no direct link with the information. questionable before the trip. Some insured persons do not know their state of health and certain questions in the questionnaire they have filled out may be a source of ambiguity.

Advertising

Content of the article

On the occasion that you need health services resulting from an accident rather than illness, notify your Canadian health insurer if the accident could involve a third party, especially if the third party has liability insurance. Alerted, your Canadian health insurer would have the possibility of bringing in third-party insurance, thus reducing its cost on the claim.

So, if you are planning to fly south after being fully immunized against the COVID-19 vaccine, make sure you get adequate travel health insurance. Coverage of at least $ 2 million for COVID is best. Research insurers and make sure that the information you provide to the insurer you choose matches your medical condition.

It is best to involve your doctor to make sure that the information you provide to the insurer is correct.

Graham Lane, a retired CA CPA, is a member of the Expert Advisory Board of the Frontier Center for Public Policy.

Click on here to subscribe to our daily newsletter.

Advertising

comments

Postmedia is committed to maintaining a lively but civil discussion forum and encourages all readers to share their views on our articles. Comments may take up to an hour of moderation before appearing on the site. We ask that you keep your comments relevant and respectful. We have enabled email notifications. You will now receive an email if you receive a reply to your comment, if there is an update to a comment thread that you follow, or if a user that you follow comments. See our Community Guidelines for more information and details on how to adjust your email settings.


Source link

Previous Group of experts to revise the amount of remuneration under the scheme for journalists: Center
Next Pay compensation to climate-vulnerable countries: FM to developed countries