Travel Insurance and Disability Insurance

Question 1

a Basic Travel Assistance policy will cover…

Answer 1

required healthcare services that are not covered under the Provincial plan
-repatriation costs
-transfers to hospitals, any required travel by family members or original travel companions accompanying the insured, and assistance such as translation services

Question 2

what are repatriation costs?

Answer 2

the costs of moving back to Canada if the insured is totally disabled, or returning their remains if their death occurs abroad

Question 3

a comprehensive or enhanced travel assistance policy can include…

Answer 3

any specifically qualified cost of accident or sickness, but is more expensive

Question 4

travel insurance policies may be offered on…

Answer 4

• a per trip basis (one trip only)
  -a multiple trip basis (allows for re-entry to canada)

Question 5

travel insurance is meant to be….

Answer 5

excess to any other plan

Question 6

benefits always work in what order?

Answer 6

1st payor: government plans (ex: WCB)
2nd payor: group insurance
3rd payor: individually purchased insurance plan

Question 7

travel insurance does not _______ insurance provided by another plan, but it can ______________ costs not covered by a govt or group plan

Answer 7

replace
supplement

Question 8

what is a primary insurance plan ?

Answer 8

for those travellers not eligible for a government health insurance plan including: temp workers, foreign students, visitors who need primary health covg while in Canada and transient canadians

Question 9

what are some common limitations of travel insurance?

Answer 9

policies contain duration of stay restrictions
pre-existing conditions always excluded
-covers eligible unexpected expenses only due to illness or injury while travelling

Question 10

what does a family plan include?

Answer 10

spouse and dependent relatives.

dependent relatives: unmarried children under 21 or under 25 if attending school full time

Question 11

on a travel insurance policy, the covg afforded to the insured is called…

Answer 11

benefit

Question 12

name the exclusions to travel medical insurance

Answer 12

-pre-existing conditions
-AIDS
expected illness
war
dangerous activities
committing criminal acts
travel within 8 weeks of expected due date of pregnancy (after week 32)

Question 13

ppl who are self employed or those who do not have a group plan should purchase…

Answer 13

an individually owned disability insurance policy

Question 14

what are theh3 definitions of disability insurance?

Answer 14

-any occupation
-regular occupation
-own occupation

Question 15

which of the 3 types of disability insurance is most expensive

Answer 15

own occupation

Question 16

define any occupation

Answer 16

with this definition , the disabled would only receive a disability benefit if they were unable to perform any and every function of their existing job
-this is the most restrictive definition and a person would only qualify if they literally cannot do anything else (Ex:coma)

Question 17

define regular occupation

Answer 17

this claimant can receive the difference between the disability benefit from their previous career and the income earned in their new job

ex: airline pilot earns $100k a year, loses eyesight and has to become flight simulation instructor earning $60k a year.
he can earn the difference of income ($40k) per year for the benefit period, which would either be until age 65, or 10 years ,or as otherwise defined by the policy

Question 18

what is own occupation

Answer 18

this person can receive both the disability benefit from previous employment plus their entire wage earnings from their new career.

-could actually receive more than they were making before becoming disabled
-has very strict qualification requirements

Question 19

in order to qualify for a travel health insurance policy in Alberta, it is mandatory to have…

Answer 19

alberta health care coverage

Question 20

what are some examples of coverage that may only be covered if ordered by a physician?

Answer 20

-private RN costs
-special treatments
-diagnostic services
-medical appliances
-land ambulance

Question 21

in the event of an emergency where an insured requires assistance/hospitalization/medical treatment, they must

Answer 21

contact the emergency assistance service provider ASAP or within 24 hours PRIOR to receiving any treatment or being admitted to hospital
if they cant, someone else must call on their behalf or the insured will be responsible for paying 25% of the eligible expenses

Question 22

travel accident insurance provides coverage up to stated limits for..

Answer 22

accidental death , lsoss of limbs or loss of sight

100% of the sum insured applies in the event of death, loss of 2 or more limbs, or irrecoverable loss of sight in both eyes

Question 23

how much of the total sum of insurance on a travel accident policy would apply if insured loses one limb or sight in one eye only?

Answer 23

50%