The phrase
"policy maximum" refers to the highest amount of money that an insurance company is willing to pay for a particular claim or policy. It is the limit that the company sets for coverage, and anything beyond that limit would not be covered by the insurance.
Full definition
With primary health insurance in the home country, it covers up to the chosen
policy maximum for age below 65.
If it will cost $ 35,000 to replace your car, for example, don't have an auto
policy maximum of $ 20,000 or expect to eat the difference.
After that, the insurance plan will continue to pay 75 % for covered medical expenses, and you continue to pay 25 % up to the
selected policy maximum.
Travel medical insurance plans with a
higher policy maximum for seniors will have a higher premium, but more medical coverage is essential for elderly travelers.
For ages 69 and younger, coverage may be provided for an acute onset of a pre-existing conditions up to the
medical policy maximum, and cardiac conditions or diseases up to $ 25,000.
This works our great for a younger person that finds a
Term policies maximum term period of 30 years in not long enough.
Additionally, the guaranteed issue plan costs more, provides a
lower policy maximum, and has a higher out - of - pocket maximum.
Most travel medical insurance policies for travelers over the age of 70 have
restricted policy maximum options, reduced benefits, and a higher premium.
It is a good idea to select a higher
policy maximum such as $ 100,000 or more for better benefits.
In the case of fixed coverage plans, payment goes according to the schedule of benefits based on a
given policy maximum.
The children would have the same benefits as if paid for, such as
individual policy maximum, deductible, and all other benefits included in the plan.
Often times people do not understand what a $ 50,000
policy maximum really means in regards to a fixed coverage plan.
Most visitors insurance plans have
multiple policy maximum options, but how do you know which is the right amount to choose?
Because of this, most insurance companies are reluctant to give
higher policy maximum or flexible benefits for people above 70 years of age.
A person can hold
term policy maximum thirty years (term) and if the person survives the term there is no survival benefit.
Because of this, most plans for travelers over age 80 have restricted
policy maximum options, reduced benefits and a higher premium.
With policy maximums from $ 50,000 up to $ 1,000,000 and deductibles from $ 0 to $ 5,000, there is a plan to meet every need, and insurance premiums to meet any budget.
Patriot America insurance is available for
policy maximums from $ 50,000 to $ 1,000,000 and various deductibles ranging from $ 0 to $ 2,500.
Liaison Majestic offers medical
policy maximum choices of $ 60,000, $ 125,000, $ 600,000, $ 1 million, $ 2 million and $ 5 million, deductible options start at $ 0 and go up to $ 5,000.
Patriot Platinum America insurance
offers policy maximums from $ 1,000,000 to $ 8,000,000 and many deductibles ranging from $ 0 to $ 25,000.
US residents ages 60 to 95 are eligible for these plans, and both plans have the
same policy maximum for each age range.
Renewal Policies: The Easy Health policy offers lifelong renewability i.e. there is no maximum cover ceasing age in this policy
Each company is going to have
different policy maximums, but most will only insure around $ 500,000 and some won't even get close to that.
Our quoting engine displays a range of
policy maximums simply for the purpose of comparing various insurance plans that fall within that range.
The following table summarizes
policy maximum Travel and visitor insurance coverage typically available for different age groups:
Here's how it works: If you have a health insurance plan that covers your medical care within your home country (up to a
certain policy maximum limit after a deductible), that is your primary insurance plan.
Diplomat International Coverage for individuals traveling outside their home country This package provides coverage for individuals traveling outside their home country to any country other than the
U.S. Policy maximums of up to $ 500,000 can be selected and coverage can be extended for as few as 15 days up to a full year.
As the healthcare expenses are very high in the U.S., most schools require international students to purchase medical insurance with a
sufficient policy maximum.
It can be augmented with «excess» insurance — The
NFIP policy maximums are inadequate to fully cover some people's assets so a growing number of private insurers have begun offering excess flood policies, intended to provide water damage protection to homeowners over and above the coverage provided by the NFIP policies.
Depending on benefit and coverage, a number of factors determine which visitor insurance is the best
like policy maximum, deductible, optional coverage (like pre-existing conditions, evacuation), cost etc..
Additional Benefits: Permanent, no exam policy with up to $ 50,000 in coverage, and
guaranteed policy maximum is $ 15,000 and has a limited benefit for two policy years.
Comprehensive Coverage plans offer
more policy maximum options, pays a lot more for every covered service or treatment, and have more benefits, as their features.