Test 2 - Insurance Flashcards
(11 cards)
1
Q
Questions to Ask:
A
- Am I already covered
- Who is covering me
2
Q
Am I already covered Questions
A
- To what degree
- Is it valid for everywhere in the world
3
Q
Who is covering me- Possibilities
A
- Group Insurance
- Credit card
- Private
4
Q
Types of Insurance
A
- Medical Insurance
- Baggage Insurance
- Cancellation/Interruption Insurance
5
Q
Medical Insurance
A
- Cover all emergencies out of the province
- All mandatory vaccines must be done to make the Medical Insurance Valid
- Average medical cost/day for hospitalisation = $20 000 or more
6
Q
Cancellation/Trip Insurance
A
- Covers all non-refundable portions of your pre-paid trip. If need to cancel or trip is interrupted
- Many plans can only be activated 182 days prior
7
Q
Baggage Insurance
A
- Loss, damage, delay to personal effects
- Average covers $2000 per bag/family
- Allow for a substitution allowance
8
Q
Main insurances compagnies
A
- Blue Cross
- RBC Insurance
- Medipac
9
Q
Types of coverage
A
- Single trip : 1 trip outside of the country
- Multi-trip annual coverage: Valid for one year or specific number of days
10
Q
Limitations
A
- Chronic illness, not covered for out of province travel
- Chronic illness needs to stabilized for 6 months prior to departure
- Max to what you can use/spend
11
Q
Credit Card Coverage
A
- Average = 100 000$ in a life time in medical coverage
- Unless pay for credit coverage = not covered as expected. No baggage and no cancellation insurance
