What are the differences between premiums and benefits
Pacific Prime can offer a range of options with varied coverage levels and premiums. When you submit a quote request on our websites we will ask you a number of questions one of which is, Which is more important, Premiums or Benefits?
Your answer to this question will determine the starting options which our brokers will provide you with. However, these are not the final choices and you will have the ability to look at other expatriate medical insurance policies which may not be listed on the tables we will send you.
Premiums for the plans we work with are normally calculated based on the age of the policyholder, the plan’s selected benefits, and its geographical area of coverage. The reason that the plan’s geographical area of coverage is so critical when calculating the final policy premium is due to the fact that depending on the country in which you are receiving your medical treatment, the costs associated with that treatment may be higher or lower than if you received treatment somewhere else.
For example, a policy which allows for worldwide coverage including the USA will have a higher premium than a policy which allows for worldwide coverage excluding the USA. This is because the cost of care in the United States is much higher than anywhere else on earth – having a plan which includes the cost of treatment in America will therefore be more expensive than one which does not.
Additionally, your age is an important variable as a result of increased propensity for illness as you grow older. An individual of age 70 will have a higher likelihood of developing a serious illness than an individual aged 21. However, Premiums from Pacific Prime will only increase as you age, and not because you have made a claim under the plan. This ensures that you are able to receive medical treatment as and when you need it, confident that you treatment will not factor into the premium you pay for your insurance coverage.
Most of the policies which can be obtained through Pacific Prime, from more than 60 of the best international health insurance companies, are guaranteed renewable for life, globally portable, and will allow for worldwide protection. On top of this, the majority of the global medical insurance plans we offer will allow you to choose where you receive your healthcare, allowing you to seek treatment with any doctor or hospital in the world.
In addition to this, Pacific Prime can provide you with a range of coverage options ensuring that your policy is as personalized as possible. As mentioned above, the more comprehensive the benefits you choose to include in your coverage the more you can normally expect to pay for your policy. While this is not always true, and while Pacific Prime does have comprehensive coverage options to suit all budgets, it is normally the case that higher coverage means higher costs.
Benefits which you can choose to add to your policy include coverage options for:
·Inpatient health insurance
·Outpatient health insurance
·Emergency Evacuation Coverage
·Dental Treatment Insurance
·Alternative Therapies and Complimentary Medicine
·Vaccinations and Preventative Healthcare Insurance
·War and Terrorism Coverage
Depending on your needs it may be possible for Pacific Prime to tailor a policy based on your individual requirements. This ensures that your global medical insurance plan has the exact levels of coverage you need, allowing you to enjoy your life overseas to the fullest without having to worry about the impact of falling ill or suffering from a severe accident.
For more information about international health insurance premiums, or the Benefits we can provide, you can speak to a broker by Contacting Us. Alternatively, you can request a free quotation by completing the simple form at the top of this page.
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