Travel Medical Insurance Deductible

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Deductible • The deductible is the amount you will have to pay before the insurance begins to pay for covered expenses. The deductible can be per incident, once per year, or once per policy period depending upon the policy you purchase. • • What is Deductible per Incident? • An incident is an injury or illness. If you have a fever and you visit a doctor, the doctor may request lab work or x-rays, or they may prescribe medication for you. You may also need to visit the doctor for follow up visits. All the expenses for the initial injury or illness would be considered one incident and a deductible would be applied once for all the services for a given incident. If you are injured or become sick again, that would be considered another incident. • • What is Deductible per Year? • You will have to pay the deductible once every year. When you renew the insurance the next year, you will have to pay the deductible again for any treatment received. • • What is Deductible per Policy Period? • You will have to pay the deductible once for the entire duration of your purchase, including the extension period. You will not have to pay the deductible again for multiple incidents. • • What Deductible to Choose? • Typically, an insurance plan allows you to choose from several deductibles. The higher the deductible, the lower the premium. The lower the deductible, the higher the premium. • Some people don’t mind paying smaller expenses out of their pocket. They would choose a higher deductible to save money on upfront premium. However, others would like the insurance company to pay even for smaller expenses and they don’t mind paying more premium upfront. It really depends on your preference. • The deductible amount cannot be changed after the effective date of the policy. Please, choose your deductible wisely. • • Please visit https://www.insubuy.com to purchase travel medical insurance. • Copyright 2017-2018 - Insubuy, LLC. All Rights Reserved.

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