Insurance

Are HSAs ideally suited for medical tourism? Not really

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It seems like a no-brainer: patients in consumer directed health plans --which combine a Health Savings Account (HSA) or Health Reimbursement Arrangement (HRA) with a high-deductible PPO-- should be early adopters of medical tourism. And sure enough, a lot of people are saying that's the case. AIS's Health Business Daily picks up on the theme today with a reprint from Inside Consumer-Directed Care, inanely headlined as follows:

Print this page Email this story US insurers eye Indian tie ups

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Keen to take advantage of low-cost healthcare in India, the US is pushing its insurance firms to draw up attractive medical tourism packages with Indian hospitals to facilitate travel and treatment for its citizens there.

A few firms have already started offering 30-40 per cent discount on their annual health insurance premium for those going to India for treatment. Some are also adding tourism and shopping to their packages and arranging for friends and relatives to stay at nearby affordable hotels.

Interview with Jonathan Edelheit (transcript)

David Williams: This is David Williams, CEO of MedTripInfo.com. Jonathan Edelheit is an executive at a company that sells limited benefit health plans, which are sometimes called Mini Meds. These plans cover day-to-day expenses but they don't cover major surgery. Jonathan's involvement in medical tourism began as a way to add affordable major medical coverage to Mini Med Plans. But now, he's going a step beyond, by founding the Medical Tourism Association.

Interview with GlobalChoice Healthcare's Ken Erickson (transcript)

David Williams: This is David Williams, CEO of MetripInfo.com. I spoke earlier today with Ken Erickson, CEO of GlobalChoice Healthcare. GlobalChoice isn't a medical tourism agency. It bills itself as a procedure management firm, offering employers a supplemental benefit that extends their provider network to additional US and international locations.

Ken and I spoke about his providers and customers, continuity of care, accreditation, credentialing and malpractice, among other topics.

Insurance for Overseas Surgery

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Health-insurance companies have been slow to accept the idea of medical tourism, but several now allow their members to travel outside the U.S. to receive care.

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