Скачать или смотреть Travel Medical Insurance - Fixed Coverage Plans

Fixed Coverage Plans

Fixed coverage plans are limited coverage medical insurance plans. For each eligible medical expense, the plan pays a fixed amount as per the schedule of benefits; you are responsible to pay the balance out of your pocket.

Fixed coverage plans may cost less but they provide inadequate coverage compared to the extremely high cost of healthcare in the United States.

Let’s assume that you have purchased a fixed coverage plan with a $50,000 policy maximum and a $50 deductible.

Such a policy may pay $55 for the doctor visit. If you visit the doctor, and if they charge $200, the eligible medical expense is $55. However, your $50 deductible would be deducted from the eligible expenses and not from the doctor bill; the insurance company will pay a total of $5. You will be responsible for the remaining $195 out of your pocket.

For subsequent doctor’s visits, as the deductible has already been satisfied, the insurance company will pay $55 and you will be responsible for the balance of $145.

If the doctor prescribes you medication that costs $250, and the prescription drug coverage is $150, as the deductible has already been satisfied, the insurance company will pay $150. You will be responsible for the remaining $100.

If you need a surgery that might cost $30,000, the insurance company pays up to $3,300 and you will be responsible for the remaining $26,700 out of your pocket.

For larger medical expenses, buying fixed coverage plans may leave you to pay most of the bills yourself.

Therefore, it is advisable to look at the details of the certificate wording and make an educated decision. For better coverage, consider purchasing a comprehensive coverage plan.


Please visit https://www.insubuy.com to purchase travel medical insurance.

Copyright © 2002-2025 Insubuy®, LLC. All rights reserved.