First World Medical Care at Third World Prices
Saturday, October 06 2007 @ 01:23 PM EDT
Contributed by: Don Winner
JOHNS HOPKINS HOSPITAL, in Baltimore, Maryland, has topped for 17 consecutive years U.S.News & World Report's annual rankings of "America's Best Hospitals" excelling consistently in areas such as Ophthalmology, Gynecology and Obstetrics, Rheumatology, Urology, Cancer, Endocrinology, Heart Surgery, Geriatrics and Neurology. Johns Hopkins is one of the leaders in the world of medical research, and providers of the highest quality health care and service available in the United States.
Short and Sweet: This program offers the best combination of coverage, price, and quality of care available to expatriates living either full or part-time in the Republic of Panama. Period. Everything else is in the details. Please contact us if you need major medical coverage, and we will be happy to explain all of the options, levels of coverage, etc.
Can I Choose Where To Go? Yes. This health insurance plan provides $2 million dollars in major medical coverage accepted at both Punta Pacifica and Johns Hopkins hospitals. In Panama you will have access to the best hospital in the country, at a level and standard of medical attention that has made Johns Hopkins’ famous around the world. If hospitalized in the Punta Pacifica hospital in Panama and your attending physician certifies that you require medical treatment not available in Panama, you could be transported by air ambulance to Baltimore to continue treatment at Johns Hopkins. The policy includes up to $25,000 for international transportation via air ambulance if needed.
What Does the Policy Cover? This is a major medical insurance policy which covers up to $2 million dollars in hospital expenses. There is a low $500 annual deductible. After reaching the deductible the policy will pay 80% of the first $15,000 of medical expenses, and and 100% thereafter up to the full level of $2 million per insured. The policy covers hospital room, doctors, medicines, surgical procedures, labs, etc., all expenses incurred during a hospital stay. The policy does not cover any out of hospital expenses.
I am 67 years-old. Can I apply for coverage? Yes. For those individuals up to age 65 the the company will accept and process applications. For those ages 66 to 70 the company will accept applications which will be subject to review and approval on a case by case basis. The company does not accept applications from those who have reached age 71.
At What Age Does Coverage Stop? Once accepted the policy will renew for life as long as the insured individual continues to pay the annual premiums. As long as you keep your policy active you will continue to remain insured.
I live in Canada. Can I apply for coverage? Not yet. This policy is designed primarily for those who are living outside of the United States or Canada, and in order to qualify the insured must reside at least nine months out of the year outside of the US or Canada. This major medical coverage is available to those expatriates who are living in Panama and other countries in Latin America.
How Long Does It Take to Apply? Not long. You can apply via the Internet. It takes the company about one week to approve applications. Once accepted, coverage will become effective on the first day of the following month.
Will They Accept Me? This question usually relates to a preexisting condition. As part of your application for coverage you will be required to complete a health statement and questionnaire for each member of your family. Generally speaking the insurance company wants your business, and they will work together with you to find a way. If you have a serious preexisting condition the insurance company may:
- Charge a higher premium to cover health conditions related to the preexisting condition;
- Exclude the preexisting condition(s) and cover everything else; or,
- Decline coverage.
Can I get full coverage immediately? Yes. If you can show you are currently covered under another private Health Insurance Plan. Otherwise, during the first four months, the policy will only cover Hospital charges incurred as a result of an Accident or Infectious Disease. You will enjoy full coverage after this initial four months waiting period.
Can I Change My Mind After I Apply? Yes. If you decide to cancel the policy within ten days from the date you receive the policy, the company will reimburse the premium.
How Do I Apply? Send an email to firstname.lastname@example.org to request a “pre-approval” form and a preliminary quotation (please supply your name(s) and age(s).
Gonzalo de la Guardia is a licensed insurance broker in Panama, with 30 years experience in the Life & Health Insurance market. A graduate of the University of Texas (B.B.A.) and the London School of Economics (M.Sc.) he managed two Multinational Insurance Companies in Panama (1993 – 2001) and for the past 5 years has been advising English speaking expatriates in the Republic of Panama on insurance and investment matters.