• 23
  Sep
  2009

• Filing health insurance claims - Part 3

  Filed Under: Health Insurance

In a couple of previous posts we tried to give you a better understanding of some oft used terms in connection with health insurance for international students in the USA. We continue with some more terms which are used a lot, but are sometimes not very clear to many people.

Making sense of the jargon - (contd...)

1. Deductible: This is the dollar amount you pay out of your pockets. Any expense over and above the deductible will be paid by the insurer. There are, of course, zero deductible plans too. A simple rule of thumb is: given the same features and benefits in two plans, higher the deductible, lower is your premium.


2. Pre-existing conditions: These are health problems, sicknesses, etc. that the insured suffers from or has been diagnosed for or has received treatment for before buying the insurance. Since an insurance policy is bought for coverage of events that occur after buying the policy, usually pre-existing conditions are not covered. Again, there are plans that do cover PECs after a pre-decided waiting period, albeit at a higher premium.

In further articles we look at a few pre-requisites that you need to be aware of before filing a health insurance claim.
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