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2020-01-20 10:27:44
Travel insurance is often mistaken for
international health insurance, but they differ in very significant ways. For
example, for expats living in Asia, health insurance does not necessarily cover
you when you are traveling back home for a short trip. It is therefore important
to know the differences in order to avoid an unpleasant surprise.
What
is travel insurance?
Travel insurance is only applicable for short
trips abroad or over a pre-determined period of time. Usually a travel
insurance only covers you for 90 consecutive days maximum. However, some
companies like MSH China can provide a travel insurance that will cover you on
an annual basis if the maximum length of each insured trip is less than 30
days. If you don’t choose an annual plan, each journey’s maximum duration must
be less than 183 days.
What
does travel insurance cover?
Travel insurance is designed to cover unexpected events before your departure
and once you're abroad [what
does it mean once you’re abroad? So covers before departure and during the
trip, but the trip back to home is not covered?]. It's usually triggered
by the cancellation of a trip prior the departure due to medical emergency
(hospitalizations, etc.), repatriation, and luggage theft, as well as if any third-party
liability is incurred. It is important to note that you can’t be covered with a
travel insurance for your own country of residence.
MSH China travel insurance covers:
-
24h
worldwide emergency travel and medical assistance
-
Travel
inconvenience such as travel delay
-
Personal
effects coverage: bank card fraudulent charges, phone, luggage…
-
Travel
emergency assistance: evacuation, repatriation etc.
-
Personal
accident and medical protection: death, medical reimbursement, daily hospital
income etc.
-
Personal
liability
What is
international health insurance?
International Health Insurance is designed to cover long-term trips abroad and/or expatriation. Some companies may propose
you plans with 30 days waiting period [u need to explain what is waiting period coz I don’t
understand] minimum while some other plans don’t require such delay.
What does
international health insurance cover?
International Health Insurance reimburses
your healthcare expenses abroad almost as the same level as you are accustomed
to in your home country. Sums assured are usually way higher than a travel
insurance (millions of dollars) as well as offering an extended coverage. Unlike
travel insurance, which only provides a limited coverage to unexpected events and
emergency, International Health Insurance covers medical visits,
hospitalizations and medication, and can include medical
assistance/repatriation, death & disability and/or third-party liability as
well. Some other benefits can be added such as maternity, vision, dental and
wellness.
The International Health Insurance designed
by MSH China offers different options of geographic coverage from Mainland
China to Worldwide.