Private health insurance Flashcards
(9 cards)
What types of coverage are typically included in private insurance for employees?
Private insurance can cover health, travel, accident, illness, extreme sports, dental, pregnancy, repatriation, routine check-ups, non-elective surgery, and eye care.
What factors affect the premiums of private insurance?
Premiums depend on coverage, country of domicile, and whether the coverage is Worldwide excluding or including the USA and Canada.
What is expected for a worldwide travelling yacht regarding insurance coverage?
A worldwide travelling yacht is expected to have global coverage, including the USA and Canada.
How can coverage for the USA and Canada be managed?
Coverage can be disabled or reinstated via the management company or the Purser directly to the insurer, depending on the nominated system.
What is typically included in private insurance for routine health needs?
Some private insurances include an annual amount for routine check-ups and vaccinations, which is useful for ENG1/Seafarer Medicals.
What is the benefit of having a non-deductible amount for routine check-ups?
Having a non-deductible amount makes it cost-effective for the yacht, as the premium cost is negligible compared to paying for each crew member’s ENG1 and vaccinations out of petty cash.
When are employees covered by the insurance?
Employees are covered during their employment period, including while on annual leave.
What should be carefully reviewed in insurance policies?
It is important to read the small print to understand coverage details, claim procedures, and stipulations regarding pre-existing conditions and exclusions.
What exclusions might affect insurance claims?
Exclusions may include accidents while under the influence of drugs/alcohol and participation in extreme sports.
