New Major Medical Group Policy for Residents of CONDOMINIUMS
Saturday, January 02 2010 @ 06:45 PM UTC
Contributed by: Don Winner
- The First Ingredient of this plan is multi-million dollar protection - "it's like having $2 million dollars in your checkbook to pay for unexpected hospital bills or catastrophic illnesses.”
- The Second Ingredient of this plan is preferred access to a world class hospital, Punta Pacifica.
- The Third Ingredient of this plan is the support from a local company, with offices on Calle 50 in the Global Bank tower building, with personnel ready to service claims and assist you when needed.
- The Fourth ingredient - this is a Group Plan which allows you to get the benefits of lower premiums (20% discount).
- The Fifth Ingredient is international coverage and preferred access to these top Hospitals in the US: M.D. Anderson Cancer Center (TX), The Cleveland Clinic (OH), Beth Israel (NY), Yale New Haven Hospital (CT), St. Luke's Episcopal Hospital (TX), Hospital for Special Surgery (NY), Miami Children Hospital (FL), Mount Sinai Medical Center (FL), University of Miami Hospital (FL).
- The Sixth Ingredient is AIR AMBULANCE service and coverage to the US ($25,000) in the case of life threatening cases that doctors in Panama decide they cannot treat here.
- The Seventh ingredient: LIFETIME COVERAGE. Once insured, to be able to renew until age 100.
- Eighth ingredient: TRAVEL ASSISTANCE with Europ Assistance, a Company with presence in 208 countries, 4,500 employees, and more than 150 million customers.
- Ninth ingredient: $10,000 LIFE INSURANCE free of charge.
- Tenth ingredient: OPEN TO ALL RESIDENTS of the Condominium under 70 years of age.
If you don’t have a good health insurance plan you should seriously consider buying one, as soon as possible. We negotiated for several months the terms and conditions for this Group Policy in order to offer 100% coverage at PUNTA PACIFICA HOSPITAL. If you live in a condominium in Panama you can now apply for this $2 million dollar major medical protection under a group policy that is being offered for the first time in Panama.
This plan is underwritten by WorldWide Medical Assurance, a local Insurance Company with offices in the Global Bank Tower in Calle 50. Terms for the Group Plan were negotiated by Gonzalo de la Guardia, a licensed insurance broker and Group Health Insurance specialist, with more than 30 years experience in the insurance market.
To start with, the Group plan provides Preferred Coverage at HOSPITAL PUNTA PACIFICA in Panama.
PUNTA PACIFICA HOSPITAL, affiliated to Johns Hopkins Medicine International, is located in the new and prestigious Punta Pacifica development in Panama City. It has a state-of-the-art full service medical facility, offering a vast array of medical disciplines. The Hospital is designed to the standards of the Johns Hopkins Medicine International, and includes 52 private rooms and 12 suites to provide patients with the comfort and atmosphere they expect from a first class provider. The Intensive care unit, operating rooms, hemodialysis treatment units, neonatology rooms and the rest of patient care facilities are first class. http://www.hospitalpuntapacifica.com
CAN I CHOOSE WERE TO GO? Yes, with this Health Insurance Plan you will have $2 million Major Medical coverage good any Hospital in Panama or the USA. You will have access in Panama to the standard of medical attention that has made Johns Hopkins famous around the world. If you were hospitalized in PUNTA PACIFICA, and your attending physician certifies that you require emergency medical treatment that is not available in Panama, you will be transported by air ambulance to a first class Hospital in the USA. The policy covers up to $25,000 for air ambulance costs. You will have access to the best of both worlds.
WHAT DOES THE POLICY COVER AT PANAMA’s PUNTA PACIFICA HOSPITAL? After a $100.- annual deductible, policy will cover 100% OF HOSPITAL EXPENSES AT HOSPITAL PUNTA PACIFICA (“Select Hospital in Panama), including room and board, doctors, medicines, surgical procedures, labs, X-rays, etc., all the expenses incurred during a Hospital stay. This is the best coverage available in the Republic of Panama: $2,000,000 per person with a $100.- annual deductible !!!
WILL THE POLICY COVER AT OTHER HOSPITALS IN PANAMA? Yes. After a $100.- deductible, policy will cover at any other Hospital in Panama: 80% of the first $25,000 and 100% thereafter, up to $2,000,000 million per insured.
ARE DOCTORS APPOINTMENTS REIMBURSABLE? No, Doctor’s appointments (out of Hospital) are not covered and for a very good reason: this Group policy was design to protect you from Major Medical Expenses, the kind that could seriously affect your financial well been, like a $6,500 or $180,000 Hospitalization. Minor expenses like a $20, $30 or $40 doctor’s appointment can usually be paid by the insured, with no mayor financial consequences. We were able to save hundreds of dollars this way to invest in buying the $2MILLION MAJOR MEDICAL PROTECTION.
WHAT DOES THE POLICY COVER IN THE U.S.? After a $2,500.- annual deductible, policy will cover 100% of HOSPITAL EXPENSES ANY THE FOLLOWING SELECT HOSPITALS IN THE U.S.: Miami Children Hospital (FL), Mount Sinai Medical Center (FL), University of Miami Hospital (FL), M.D. Anderson Cancer Center (TX), St. Luke's Episcopal Hospital (TX), The Cleveland Clinic (OH) , Beth Israel (NY), Yale New Haven Hospital (CT), Hospital for Special Surgery (NY), including room and board, doctors, medicines, surgical procedures, labs, X-rays, etc., all the expenses incurred during a Hospital stay. Excellent protection: $2,000,000 per person with a $2,500.- annual deductible in the US !!!
WILL POLICY COVER AT ANY OTHER HOSPITALS IN THE U.S.? Yes, this policy will cover you at more than 6,000 hospitals inside the United Health Care System. After a $5,000.- annual deductible, policy will cover 80% of the first $25,000 and 100% thereafter, up to $2,000,000 million per insured.
I AM 67 YEARS OLD. CAN I APPLY FOR COVERAGE? Yes. The Insurance Company will accept new applications up to age of 70.
AT WHAT AGE DOES COVERAGE STOP? Once accepted, the Policy will renew for life, as long as the annual premium is paid.
I AM STILL LIVING IN THE US OR CANADA. CAN I APPLY FOR COVERAGE? Not yet. An insured person must reside for at least 9 months out of the year, outside of the United States or Canada. This Policy is available to Expats living in Panama and other Latin American countries.
HOW LONG DOES IT TAKE TO APPLY? You can apply via email. Once a completed application is received by the insurance Company, it takes about one week to process. The start date of coverage for accepted applications is the first day of the following month.
WILL THEY ACCEPT ME? To apply for coverage you will have to fill out a health statement questionnaire for each member of the family. If you have a serious preexisting condition, the Insurance Company may:
- a) Charge you an extra-premium;
- b) Exclude the preexisting condition(s) and cover everything else;
- c) Decline coverage:
- They will work with us to try to provide 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 month 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 refund the premium paid.
HOW DO I APPLY? By writing to email@example.com to request a preliminary quotation. Please supply names and ages of those living with you.
GONZALO DE LA GUARDIA is a licensed insurance broker in Panama, with 30 years experience in the Life & Health International Insurance market. He is a graduate of the University of Texas (B.B.A.) and the London School of Economics (M.Sc.) who managed two Multinational Insurance Companies in Panama (1993 – 2001). For the past 5 years has been designing Group Plans for companies.
EASY: HOW TO APPLY FOR GROUP COVERAGE - Send me an email (firstname.lastname@example.org) with the names and ages of the relatives living with you. I will send you a quotation via email. If you want to join the Group Plan we will coordinate an appointment to explain the plan in more detail and to sign the application.
Gonzalo de la Guardia, Cel: (507) 6112-0340 or (507) 6671-3357, Skype: gedelaguardia