Super Visa Insurance

[dober]

Hi folks,
Is it true that insurance policies we buy for parents ( yes they are visiting on supervisa ) are a one time use only policy and the policy no longer covers the parent after having used it once.( irrespective of the amount and the month when it is used)

Example, assume we pay $3000 for one year coverage of $100,000. Assume that the father may run into a situation requring usage that incurs a charge of $20k in month #2. Is it true that the policy is now considered "expired" and the father will no longer be covered for the other 10 months despite the fact that we used only $20k out of $100k and we still have 10 months left out of the 12 month coverage we paid for?

 

[Sandy.gal]

Hi folks,
Is it true that insurance policies we buy for parents ( yes they are visiting on supervisa ) are a one time use only policy and the policy no longer covers the parent after having used it once.( irrespective of the amount and the month when it is used)

Example, assume we pay $3000 for one year coverage of $100,000. Assume that the father may run into a situation requring usage that incurs a charge of $20k in month #2. Is it true that the policy is now considered "expired" and the father will no longer be covered for the other 10 months despite the fact that we used only $20k out of $100k and we still have 10 months left out of the 12 month coverage we paid for?

That is correct. It doesn't get expired but you will just have $80k for the remaining year to claim from. You can always talk to your insurance to see if they can increase the maximum but there will be extra charges to it too.

 

[dober]

That is correct. It doesn't get expired but you will just have $80k for the remaining year to claim from. You can always talk to your insurance to see if they can increase the maximum but there will be extra charges to it too.

Oh, so you're saying the policy remains usable for the other 10 months and the remaining $80k is still available for use?

 

[Sandy.gal]

Oh, so you're saying the policy remains usable for the other 10 months and the remaining $80k is still available for use?

Yes. $100000 is for full year. You use it in one month or 12 months, it does not matter. As soon as you reach your maximum, the policy will remain active but you won't have anything to claim from.

 

[canuck78]

Hi folks,
Is it true that insurance policies we buy for parents ( yes they are visiting on supervisa ) are a one time use only policy and the policy no longer covers the parent after having used it once.( irrespective of the amount and the month when it is used)

Example, assume we pay $3000 for one year coverage of $100,000. Assume that the father may run into a situation requring usage that incurs a charge of $20k in month #2. Is it true that the policy is now considered "expired" and the father will no longer be covered for the other 10 months despite the fact that we used only $20k out of $100k and we still have 10 months left out of the 12 month coverage we paid for?

It is emergency travel medical insurance. There is a good chance that after one medical event any future medical event will not longer be covered if related. It isn’t a declining balance card it is to provide emergency medical care if needed but after that parents are supposed to return home to get longterm care for any health issue. Whether parents should return home or whether they still have coverage will be dependent on the situation.

 

[canuck78]

Yeah what can we do. For the amount we paying in insurance, you not even getting a good healthcare in return. Have you got your visa stamped passports back?

Parents do get good care if there is an emergency but it isn’t meant for routine care.

 

[canuck78]

That is correct. It doesn't get expired but you will just have $80k for the remaining year to claim from. You can always talk to your insurance to see if they can increase the maximum but there will be extra charges to it too.

This isn’t

Yes. $100000 is for full year. You use it in one month or 12 months, it does not matter. As soon as you reach your maximum, the policy will remain active but you won't have anything to claim from.

There seems to be a lack of understanding of these policies. Supervisa insurance is emergency travel medical insurance. Once your parent has a medical emergency then any subsequent medical events may not longer be covered because they would be considered pre-existing conditions. The point of supervisa insurance is meant to address the medical emergency but parents are expected to return home to get longterm treatment if necessary. If this was a one time event like a heart attack where longterm medical treatment is not necessary then that could still make qualifying for supervisa insurance the next year or make it very expensive. The big issue is the pre-existing condition exclusions. It is very important to read all the fine print. Insurance companies in general will comb through medical records looking for any reason for not covering claims.