Since you can’t avoid illness and injury by moving to a new country you probably already know that you will need to purchase international health insurance. If you will be relocating to your host country for one year or longer, when it comes to providing you and your family with the coverage you need for this period of time, your best bet is going to be a global medical plan. Before a major medical plan purchase is confirmed, all applicants will need to be approved through underwriting. If you’re wondering what is underwriting- this may help clear up any mucky waters around this topic:
When you apply for a major medical plan you will need to complete a series of medical questions and may even be required to have a medical evaluation. After each of the application questions have been answered, it will be sent to underwriting to be reviewed. Underwriters will then look over each of the medical question answers and determine if you and your family are eligible for the plan. This review process typically takes a week or less for international health insurance plans. There are a few outcomes that can occur after the underwriters have all of the information they need and review the application:
- Approval with a rider
A rider may consist of a certain condition being excluded from coverage, it having a waiting period before it will be covered, or that it is not covered at all. If a rider is needed to be added to your plan in order for it to be approved, the underwriters will first notify you of this alteration before the plan purchase is complete.
If you are still trying to figure out what is underwriting and how it will have an impact on your international health insurance purchase, you are able to contact one of our licensed agents for more information.