GLOBAL MEDICAL SECURITY, International Insurance for Expatriates

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B.) Comprehensive Major Medical Insurance Plan With . . . No Coverage In The USA.

>> Reside Prime Worldwide Program Summary (*Sample Insurance Policy Wording)

>> Reside Prime Worldwide Brochure - including Rate Chart

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C.) 'Schedule of Benefits' Medical Plan, With Limited Coverage That Can Include The USA.

"Schedule of Benefits" Plan: Regardless of where medical treatment is received, this type of plan pays a maximum amount (not to exceed the total charge) for listed medical procedures, such as hospitalization, outpatient doctor visits, certain outpatient procedures, etc.

On this type of plan, people would typically seek medical care outside of the USA. When receiving covered treatment outside the USA, the Schedule of Benefits is often adequate to cover most medical expenses. However, when receiving covered treatment within the USA, the "usual and customary" charges for hospitalization and other medical benefits will typically exceed the maximum allowance under this plan's Schedule of Benefits. The insured person would then be responsible for any difference (which in the USA could be substantial in some cases).

"Reside Worldwide"
Administered by: SRI Administrators, Inc. (Seven Corners Inc.)
Insured by: Lloyds of London. (Rated "A-" by A.M. Best)

Reside Worldwide . . . all information at your fingertips below:
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>> Reside Worldwide Instant Quotes and On-Line Application.

>> Reside Worldwide Program Summary (Sample Insurance Policy Wording)

>> Reside Worldwide Brochure & Rate Chart

Note: To be and remain eligible for this plan, insured persons must reside outside the USA for at least 6 months out of any given 12 month policy period.

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The Biggest "Gotcha" in Health Insurance
And How to Protect Yourself.

International health insurance tends to look alike . . . . until you need it.

Virtually all private insurance excludes coverage for "pre-existing conditions." It is vital to know that the wording of the definition of "pre-existing condition" can vary dramatically from plan to plan.

A small difference in your policy wording could make a huge difference in whether or not a large medical insurance claim is actually paid . . . . or not paid(!)

Here are two examples for illustration purposes:

#1. Pre-existing condition: "Any condition which existed at or prior to the date the policy went into effect."

#2. Pre-existing condition: "Any condition which was diagnosed, treated, or manifested itself in such a way as to exhibit recognizable symptoms, prior to the date that the policy went into effect."

Note that in example #1, the definition is very ambiguous. In this example, you might have a "pre-existing condition" and not even be aware of it. Examples might include a cancer such as colon cancer. Another example might be heart disease, which often goes undetected for years.

If you owned a health insurance policy with ambiguous wording (as in example #1 above) and came down with a major illness, you could be in trouble. If doctors determined that your illness existed in any form before your policy went into effect, even if you didn't have any noticeable symptoms, your claim would likely be denied by the insurance company.

Insist on dependable coverage and avoid the big "gotcha." For long-term health insurance, we recommend that you only consider plans with a less ambiguous and more consumer-friendly definition of "pre-existing condition," as described in example #2 above.

Health insurance is primarily for the big expenses, and possibly for life-saving medical care. Why accept contract wording from an insurance company that allows them to avoid paying a major claim? (See Buy Smart for additional key features.)

Suggestion: We work for you (Guarantees). If you have had any medical condition of concern, we invite you to consult with us before applying for coverage (About Us).

Note: For all health insurance plans found here, as long as your health questionnaire is answered truthfully and accurately and you are accepted for coverage, you cannot be cancelled or singled-out for future rate increases due to medical claims.