Posted by janedant
on Monday, February 28, 2011
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Mounting pressure to keep runaway hospitalisation costs under control, combined with improved technology and facilities, has resulted in a rapid increase in the frequency of outpatient surgeries and procedures being conducted.
While this has resulted in reducing the amount of hospital-base recuperation stays, it has also caught numerous people short whose company or private medical insurance has not covered outpatient procedures.
"Outpatient diagnostic procedures and surgeries are now being performed in three types of facilities -- doctors' offices, outpatient departments in hospitals, and freestanding ambulatory care centres," notes Mr. Joseph Griffin, Chairman and CEO of Hong Kong based GlobalHealth International Group. "Such procedures and surgeries do not require an overnight hospital stay and patients return home after time spent in a recovery room in these outpatient facilities."
Read on Out Patient Insurance Cover Now More Important Than Ever
Learn more about Personal Health Insurance
Posted by janedant
on Friday, February 25, 2011
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Ask the typical person what sort of insurance coverage they have and they will usually rattle off the most common policies: automobile, life, homeowners, and accidental death.
While it is common practice to insure one's self and family against accidents and death, far too many people do not consider the importance of having personal medical insurance for major illnesses such as strokes, heart attacks, kidney problems, or even cancer.
This is a major oversight, for major illnesses may involve substantial medical expenses that continue for weeks, months, and even years. If you are uninsured against major illnesses, the financial consequences are potentially far reaching and devastating.
"The unabated rise in health care costs makes private health insurance for major illnesses essential," notes Mr. Joseph Griffin, Chairman and CEO of GlobalHealth International Group in Hong Kong. "This is because a person is now more prone to suffer long-term critical sickness than accidental death."
A long-term illness not covered by personal health insurance can be enormously draining financially for a family, often resulting in a substantial hit to personal bank accounts, investments and even retirement savings.
Continue Reading Private Medical Insurance Coverage For Major Illnesses
Posted by janedant
on Wednesday, February 23, 2011
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When you start thinking of the excitement of adding a new addition to your family, don't forget to update your private health insurance policy. Otherwise you could get caught with significant pregnancy related medical expenses.
Most personal medical insurance policies will allow the addition of maternity coverage for an additional annual premium. Some, like the Pallas GlobalHealth plan from GlobalHealth Asia automatically includes maternity coverage for prenatal, delivery, and postnatal expenses, as well as any complications arising from pregnancy, birth defects and congenital conditions at birth.
Having personal health insurance coverage that includes maternity benefits can be a great financial relief when that new bundle of joy enters your life. After all, medical expenses for pregnancy and delivery typically run into the thousands of dollars, and this can easily double if there are complications, when a cesarean delivery is required, or in instances of premature births.
Continue reading Family Planning: Don't Forget Maternity Insurance!
Posted by janedant
on Sunday, February 20, 2011
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Mounting pressure to keep runaway hospitalisation costs under control, combined with improved technology and facilities, has resulted in a rapid increase in the frequency of outpatient surgeries and procedures being conducted.
While this has resulted in reducing the amount of hospital-base recuperation stays, it has also caught numerous people short whose company or private medical insurance has not covered outpatient procedures.
"Outpatient diagnostic procedures and surgeries are now being performed in three types of facilities -- doctors' offices, outpatient departments in hospitals, and freestanding ambulatory care centres," notes Mr. Joseph Griffin, Chairman and CEO of Hong Kong based GlobalHealth International Group. "Such procedures and surgeries do not require an overnight hospital stay and patients return home after time spent in a recovery room in these outpatient facilities."
Read on Out Patient Insurance Cover Now More Important Than Ever
Learn more about Personal Health Insurance
Posted by janedant
on Thursday, February 17, 2011
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A very informative post by David Deverson
Many international companies at times require some of their staff to relocate to foreign countries to head or manage the other branches there. This may be on a short to long term basis. Short term can be 2 weeks or less, medium term - up to six months, while long term can be from 6 months to several years. Most insurance policies in one’s home country do not cover you while abroad.
This is where the expat insurance cover comes in very handy to ensure that you can get proper health care while abroad and even cover for return trips in case of health emergencies. This expat travel insurance cover is not only meant for company employees but also for self employed persons who travel to foreign lands to provide their expertise or for business reasons.
As the aforementioned international companies strive to establish their presence on the global front, there is need for their expatriate employees to quickly adapt to the new environments as quickly as possible.
Continue Reading Why do you need an Expat Global Medical Insurance?
Learn more about Personal Health Insurance and Expat Medical Insurance
Posted by janedant
on Monday, February 14, 2011
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A very informative post by Doower
Personal medical insurance is available for those working, studying, or living outside Canada for an extended period. These insurance plans consist of full accident and sickness coverage, including emergency medical evacuation and war risk. Personal medical insurance is primary coverage for any immediate medical expense related to the accident. Commonly referred to as collision and comprehensive coverage, physical damage coverage is not provided by the state motor vehicle insurance account (smvia) for state vehicles, privately owned vehicles, or rental cars used on state business. Personal medical insurance is for the single people or main earner of the family.
The features available to you depend upon the policy you choose and also upon the insurance company you choose. As there can be much exclusion with the medical insurance, so you must check them before taking a personal medical insurance.
Continue Reading Characteristics Of Personal Medical Insurance
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Posted by janedant
on Thursday, February 10, 2011
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It would be nice if you could leave home and not worry about medical problems when you are traveling overseas. Unfortunately, however accidents and illnesses do occur during business and vacation trips.
Even more unfortunately, medical evacuation and repatriation is not covered by most health or medical policies if you are injured or become sick while abroad.
"It is bad enough to encounter a medical emergency or suffer an accident when you are home. It is even worse when you are traveling overseas," notes Mr. Joseph Griffin, Chairman and CEO, GlobalHealth International Group. "In addition to the stress of a dealing with an emergency while away from home, travellers may also be forced to deal with language barriers, different customers, and inadequate medical facilities."
Read on What is Emergency Medical Evacuation and Repatriation Insurance?
Learn more about Personal Health Insurance and Expat Medical Insurance
Posted by janedant
on Wednesday, February 9, 2011
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For an individual not covered by a company or group insurance policy,
private health insurance can often seem like a massive, unbearable and expensive hurdle to overcome.
The choices are numerous and confusing, and taking out a policy for yourself or your family can appear costly. If you have a chronic medical condition, an additional stumbling block can be encountered, as your premiums may become even higher or you may face lengthy periods of no coverage for a pre-existing condition. As a result, people with chronic conditions often face the burden of high insurance premiums and having to also pay for treatments and medicines related to their long-term problems.
A chronic condition is usually defined by insurers as an illness or disease from which a person is unlikely to recover, or for which there is currently no cure. Examples of chronic illnesses include arthritis, asthma, cancer, cardiovascular disease, cholesterol problems, chronic obstructive pulmonary disease, depression, diabetes, high blood pressure, multiple sclerosis, and osteoporosis.
Continue Reading Lack of Insurance Compounds Chronic Conditions Burden
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Personal Health Insurance
Posted by janedant
on Friday, January 14, 2011
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"Duty of Care for Protecting International Assignees," a 2009 executive summary published by International SOS, states that global organizations should consider their employment obligations when it comes to "health safety, and security of their employees," including those traveling overseas or assigned there. Companies that take interest in global mobility and expatriate assignments are advised to make every effort to provide specifically designed medical coverage for individuals and their families working and living abroad on temporary expatriate assignments.
Significance
While home-country health insurance plans will generally restrict or completely eliminate coverage for international assignees, expatriate medical coverage guarantees access to local health care professionals abroad. Some international medical plans provide limited coverage, however, so the U.S. Department of State urges outbound expatriates to check for policy limitations related to conditions or location.
Continue Reading Why Is Expat Medical Insurance Important?
or learn more about Expat Medical Insurance
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