Japanese Overseas Travel Insurance
By Steve Cogger, Thu Dec 8th
If you are an expatriate planning on long-term residence inJapan you can, after a one-year stay, become a part of Japan'snational health program. Until that time, however, you're goingto need Japanese overseas travel insurance. Some of the Japanese overseas travel insurance options includenot only trip or annual medical emergency coverage for travelbut also disability insurance, personal liability coverage andterm life insurance. Japanese overseas travel insurance'smedical coverage with some plans offers full (100 percent)reimbursement for prescription medicine, medical care fordiagnostic purposes, hospital stay and even surgery. You'll alsobe covered in case of terrorism and an evacuation to your homeresidence in the event of medical or terrorist emergency. One firm whose Japanese overseas travel plan we perused offeredcoverage for those over 80 years old, difficult to find. Theminimum coverage time period for this plan is one week (sevendays) with a one-year maximum, although it can be renewed for atotal of three consecutive years of coverage. Coverage variesaccording to your age. You must be at least two weeks old forany coverage. If you are under 70 years of age you can choosecoverage limits that range from $50,000 to $1 million. Folksbetween 70 and 79 are excluded from coverage that exceeds$50,000, while those 80 or older can only be covered to amaximum of $10,000.
Let's look at a couple of quotes to see the variation in costfor age, children, number of travelers, and participation insports. We'll also look at the cost for non-U.S. citizens. Thefirst quote is for a single U.S. resident 18-29 years of agetraveling along for one year and not wanting the rider forsports coverage. A $1 million ceiling for Japanese overseastravel insurance coverage, with a $250 deductible, is $576.Reducing the ceiling doesn't seem like nearly as good a deal -the premium is $504, although increasing the deductible to $1000reduces the cost to $403.20. That same Japanese overseas travelinsurance coverage for non-U.S. citizens is several hundreddollars more. For a couple both 30-39 years old with two children travelingwith them, Japanese overseas travel insurance does not comecheap. Assuming U.S. residence and a $500,000 ceiling with $500deductible the hefty price tag for this coverage is $1814.40.While this may seem excessive, consider the cost of medicalcoverage for one or more of you, or for emergency evacuation.You'll probably come to the conclusion that Japanese overseastravel insurance is inexpensive as compared to the alternative. About the author:Steve Cogger is an avid traveler offering a wealth of travelinformation. For more information on travel insurance visithttp://www.1-Happy-Traveller.com |
