medical insurance, medical emergency
Insurance, Medical Insurance

Transparency of medical insurance: are you aware of the finer details?

When faced with a medical emergency, your health insurance or general insurance should respond immediately. Best insurance companies are determined by effective response to your medical claims in the hour of desperation. Medical schemes should be upfront with clients about the requirements for medical benefits and while others are, clients may ignore the finer details at the onset of signing an insurance contract.

Private Medical insurance coverage on chronic illnesses

There are factors such as medical benefits, you have to consider when you take medical insurance. Coverage of chronic illnesses may not be applicable in some private hospitals on your medical insurance while you have been paying for it for a lifetime. Before you sign a contract, understand the terms and conditions as some coverage may not serve you later in old age, ensure that this is not done in vain as the premiums increase yearly.

general insurance, medical claims
Before you put your signature on the dotted lines, understand the contents. Photo by Adeolu from unSplash

The format and platform for filing medical claims

We are in the 21st century where 95 percent of any business administration whether in general insurance or medical insurance, should be online or at least have an online alternative. Best insurance companies should be ahead with innovation and already aware that people are more mobile than ever due to technology and modernization. If you happen to travel and are faced with a medical emergency, you should be able to contact and file claims online without any restrictions.

Besides traveling, older and unfit individuals may not have the luxury to move around as they wish to, this should be something to consider before signing for medical insurance. There are new verification and authentication systems being invented daily such as electronic signatures, online finger scan applications and voice recognition features, surely distance should not be stumbling in filing for your claims.

health insurance, medical benefits
When in an emergency you need an effective response to your medical claims. Image by Jair Lazaro from unSplash

National borders restrictions to medical insurance

The world is a global village so your medical health insurance should adapt to it. You may decide later in life to relocate to a new country, you sure do not need to cancel your medical scheme and start a new one. It is less complex to continue with the current on. Well, that is entirely up to the individual’s needs. There are several international insurance companies that you may consider when you know that your future is not in one country.

medical insurance, best insurance companies, backpackers
Insurance, Medical Insurance, Travel insurance

Best global travel insurance deals for Backpackers

Best insurance companies, travel insurance, insurance policy, medical insurance, life insurance, should be synonymous with travel plans of a backpacker. There is quite a number of best insurance companies to consider as a world traveler. As much as there are positive reviews for companies out there, there are negative reviews, therefore ensure that you choose the one that is suitable for your own needs. Globe trotters spend enormous amount of time travelling the world, away from their homes, that is if they even have homes!

travel insurance, global travel
Your insurance should cover all the travel activities you will undertake. image by Frank from UnSplash


What to look for in your policy as a globe trotter and which travel insurance you should consider.


Read your insurance policy

It is pointless to constantly depend on reviews which may or may not be reliable. Some users may have taken the wrong policy or had not done their research on the type of coverage that suits their needs. When they discover the insurance is not suitable to their travel needs, they leave negative reviews instead. World Nomads and IMG are amongst one of the best insurance companies for backpackers but their policies are not exactly the same. IMG is suitable for family trips or low-key travels while Nomads is most suitable for single travelers but this will not mean that IMG should not be considered by individuals.


Align your insurance coverage to your travel plans

If you are an active traveler and part of the activities are more adventurous ones such as gliding, paragliding, or bungee jumping, ensure that these are covered in your policy. World Nomads is suitable for more adventurous sports, they have a list of activities they cover. IMG only covers you for simple activities unless you have to upgrade your policy or pay extra. Make sure that all the activities you are going to embark on will be covered, including life insurance.


Will you be covered in the country you are traveling to?

Different countries have different sanctions for travel insurance policies, select the one that suits your global travel plans and the places you are traveling to as a backpacker. World Nomads operates in more than 150 countries around the world. IMG is suitable for exploring the U.S and some European countries, while it is not clear on other regions and countries.

life insurance, insurance policy
Can you do claims online in between on your travel adventures? Photo by Helloquence from UnSplash


Can you file your claims online?

This is a golden question especially for backpackers. You need an insurance that will allow you to file your documents online while on your travel adventures, not to wait until you get back home. Choose an insurance which is tech savvy. World Nomads and IMG have these options.


There are many other factors to consider in selecting the right travel insurance for your specific travel needs. Remember that travel insurance is focused more on unforeseen circumstances, choose the one that will help you get home safe too! Medical insurance while on these trips should be a bigger part of the plan.

best insurance companies, insurance broker
Insurance

Does your medical insurance suit your needs? Know about it here.

When you happen to be in emergency situations, your medical insurance should be able to cover you. When you compare the best insurance companies to meet your needs ensure that you understand the content of their insurance quotes. Whether it is long term care insurance, indemnity insurance or comprehensive insurance, be certain of the meaning behind these terms. Be aware of the language used by insurance brokers, and whether their offer on “affordable insurance” is indeed affordable.

medical insurance, long term care insurance
Choose the best medical insurance to suit your lifestyle. Image By Robina Weermeijer from Unsplash.com

We all lead varied lifestyles, and medical insurance should fit what you get up to in your life. These are varied from individual to individual, family to family. Medical Insurance should firstly be able to meet the demands of your health conditions.

Insurance quotes

This normally goes hand in hand with the insurance plans. Take time to read the details and be clear with them because insurance brokers tend to use big terms on the insurance quotes. Assess your individual needs or family needs and opt for a plan that suits you. Some activities may cause you to be susceptible to injuries such as hiking or a job that is risky such as, in construction, there are plans suitable for such.

insurance quotes, comprehensive insurance
Compare what is communicated by the insurance broker to what is on the actual paper. Image by Jesse Orrico from Unsplash.com

Insurance brokers

Insurance brokers are in the business of recruiting ore clients for insurance companies so they use clever tactics to recruit clients. Their main business is to generate sales, by bringing in new clients daily. Ensure that the information relayed by them is indeed what is on the terms of your contract.

If you are in need of indemnity insurance or comprehensive insurance, for a specific purpose, ensure that this is accurate. Should you be diagnosed with a chronic illness, will you still be covered?

Best insurance companies

The popular mainstream insurance companies are not just the best because they offer great benefits, they offer them at an expense. Be alert that they may be popular for certain insurance quotes but not all are best for everyone.  

Most insurance brokers have the key insurance quotes that they use as a forefront for a winning formula. These are some of the strategies they use to make their insurance popular. The insurance company may be popular because of long term care insurance but poorly deliver on indemnity insurance.