Regulations Governing J1 Visa Health Insurance Plans
If you are planning to visit USA on J1 Visa, you need to carry a health insurance with you. Health insurance is important for everybody for protection against accidents and illnesses, but there are many countries that do not stress on its people for buying one. USA is, however, very particular about visitors health insurance and makes it mandatory for anybody traveling to US to buy one definitely.
Who holds J1 Visa?
J1 Visa is meant for exchange visitors, scholars, post graduate research students, trainees and other people who are visiting USA. A J1 Visa is not valid without a proper health insurance plan in place that meets the requirements laid down by the US authorities.
Benefits of J1 Visa Health Insurance
There are many benefits that a health insurance plan offers. These cover you from medical expenses arising out of unexpected events and accidents. The cost of medical expenses in USA are high and one needs to be adequately insured medically if one thinks of making a visit to USA. There are several plans available and one can make a choice between different plans to choose the one that suits the best.
Regulations Governing J1 Visa Health Insurance
There are certain rules and regulations set by the Department of State, USA concerning the J1 Visa health insurance. One should keep these regulations in mind before purchasing any health insurance plan. One must also note that one’s dependents must also have a health insurance plan to cater to their health needs. The following are the regulations:
* Minimum Benefit of Insurance: The insurance policy should provide benefit of a minimum of $50,000 for accidents or illnesses.
* Deductible Limit: There is a limit of $500 for deductible i.e. a deductible should be less than this limit for an illness or accident.
* Rating of Insurance Corporation: The insurance corporation that underwrites the insurance policy specifically for J1 Visa holders should be rated “A” or more. This applies to all types of ratings like Standard and Poor’s Claims Paying Ability rating, Insurance Solvency International Ltd. Rating, etc. This ensures that certain underwriting standards are maintained.
* Repatriation Limit: Repatriation of remains must be around $7500.
* Insurance from Home Country: If the J1 Visa holder wants to satisfy the requirements of insurance as per the rules of the home country then such insurance has to be fully backed by full credit and faith of the government of the home country.
The above mentioned requirements are to be taken care of, if you are planning a visit to USA. However, one need not to worry about meeting theses requirements since there are many insurance corporations in USA who are specialized in providing insurance policies that conform to the regulations set by the Department of State.
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