Insurance broker Lockton has launched an insurance product to cover the cost of medical complications for medical travellers receiving surgery abroad. It is underwritten by QBE.
Scope provides insurance for medical complications and reimburses expenses related to medical complications due to surgery. It covers patients during and after their surgery, and for the duration of the stay in the destination country.
Patients also have the option to purchase additional cover to include an additional 60 days protection on return to their country of residence, and reimbursement of legal expenses relating to medical malpractice claims that they bring against a medical institution or medical practitioner.
Residents from most countries around the world - excluding USA - travelling to accredited hospitals are eligible for the policy.
Tony Mitchell of Lockton says, "75% of medical travellers organise their medical travel through the internet. They take care to buy travel insurance in anticipation of flight delays and baggage loss, yet neglect to consider the biggest potential risk: insurance for their surgery. In some cases the probability of medical complications can greatly exceed 10% depending on the surgery type and we want to give opportunity to most to purchase an affordable insurance so as to travel with peace of mind. For instance, an English resident needing a facelift in Thailand will only pay a premium of $389 for a complete package covering up to $100,000 of additional cost arising from medical complications.”
Medical travel health insurance: News update: 29 April 2010