I have realized that travel insurance that one gets from Indian companies does not really help much in the US. Which insurance policy is available for parents of h1b visa holders? Especially after 65+, I could not find anything that provides enough coverage and most are too expensive. Am I missing something here?#workvisa #h1b #healthinsurance
Even though health insurance is expensive like 1k/mo. Take it right away. I went with some lower premium 300/mo and got emergency situation for 5 hrs. Bill was 12k+ . I regret not spending 3k on insurance and save 9k bills.
Yes. Either I am taking the insurance or they are not coming here. I will go there instead. They are about to touch 60s. But once they are 65+, there are almost zero companies that provide coverage for more than couple of hundred thousand dollars.
Is there a max out of pocket? Because otherwise in 4 months you wouldn't have saved anything
what insurance do your parents have in India? Any chance it is covered globally? or with a rider? Get 100/150k coverage and there are many options with premium in couple hundred dollars
Thanks for the suggestion. That is what I am looking into. Usually none are cashless. I will have to take all the documents and submit the claim. N then we are at a mercy of insurance company and under medical debt.
All top hospitals in India provide virtual consultations and their prescriptions are valid in US. That would take care of minor issues. For major issues, you can take any visitors insurance which would cover for hospitalization and surgeries etc. Keep a huge deductible to lower the premium. Also increase your liability on your renters/home and auto insurance so if they get into any accident, while in your car or at your home, then your insurance can pay for their medical bills. These three should cover all possible scenarios where an insurance might be needed.
I dont mind higher premium but do they provide enough coverage?
There have been many threads on this. Over age 50, health insurance is not affordable for US residents who do not receive Obamacare subsidy. The policies available to non-residents are even worse and generally exclude preexisting conditions. You are definitely not missing anything.
What about health insurance for unemployed US citizens who want to retire early with their savings at 50? Preexisting conditions are covered for them?
Visa, my partner and I are in that situation right now. We have saved enough to retire but do not want to pay the $42,800 annually that an Obamacare silver plan will cost us. We will retire at 63-1/2 and pay for 18 months of COBRA to reach Medicare. COBRA Is expensive, but only half as much as Obamacare (which tripled insurance rates for those not eligible for subsidy). There are other plans available, but most do not cover preexisting conditions.