Thursday, April 2, 2009

UNITED STATES: Medical tourism insurance for companies launched

Texas-based US Risk Underwriters has launched a new professional liability product for the medical tourism industry called MedTour Pro for Employers.

This and related MedTour products only cover treatment outside the US for US-based travellers, agencies and employers.

MedTour Pro for Employers is designed for US companies that provide freedom of choice to their employees, including an option to obtain medical services abroad.

The coverage is for damages caused by any actual or alleged negligent act, error or omission by the insured while providing options for medical tourism services. MedTour Pro for Employers is written by reputable insurance companies on a claims-made basis, with limits offered at US$1M, and a minimum premium of US$5,000. While MedTour for US-based medical tourism agencies offers a range of limits and a minimum premium of US$2,200.

The cover is designed to respond to employers’ needs whenever they are sued for any wrong-doing that is involved with administration of medical travel benefits.

“MedTour – Travel and Medical Complications” is a travel policy plus non-negligent trigger coverage that pays out when there is a complication without having to assess negligence. This is not available for individual purchase and can only be bought by an employer or a medical tourism agency.

The travel and medical complications package can either be automatically included in the agency fees, or offered as an option to customers. The first-known sale is to an American who went to Trinidad for cancer surgery, arranged by Mobile Surgery International (MSI).


http://www.imtjonline.com/news/united-states-medical-tourism-insurance-for-com

2 comments:

Mats said...

I am Self Insured Employer in US. I am looking for a Medical Tourism Plan which can help my employees to avail cost effective Medical Tourism facilities.

Also, I would like to investigate about insurance plans or insurance companies which can provide health insurance plans which would cover expenses (including travel costs, medical treatment costs etc) incurred during travel done with intent of medical treatment.

Also, I would like you to refer some insurance companies which provide stop loss insurance plans which recognizes Medical Tourism.

Unknown said...

More and more employers are investigating Medical Tourism as a way to shave significant money off their expenses for health benefits, but we're increasingly asked about quality of care...The main thing an employer/benefits manager MUST do is careful research on companies that provide them with facilitation services. A reputable facilitator, like http://www.worldmedassist.com will assess the doctors and hospitals allowed into their network with extreme care, looking for those with US-like accreditation, board-certified doctors, state-of-the-art facilities, intense focus on patient care and satisfaction levels...and so forth. Visit WorldMed Assist to learn more about this: http://www.worldmedassist.com/employers/medical-tourism-for-employers.htm. The potential to expand employee options while employers save money doesn't come along very often during a downturn like this.