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medicare enhances policy cover

30 Sep 13

Medicare International has added a new range of benefits to all its International policies with more offers expected to follow in Q1 next year following the added leverage it gained after its 2012 acquisition by French insurance giant April.

Medicare International has added a new range of benefits to all its International policies with more offers expected to follow in Q1 next year following the added leverage it gained after its 2012 acquisition by French insurance giant April.

The healthcare underwriter, whose clients include a mix of brokers, corporate and individual expats, said that it has added enhancements to areas such as emergency medical evacuation – which now includes cover for both supplementary expenses and compassionate home travel.

The London-based company added that it has also expanded its ‘passive war cover’ range to include reconstructive surgery, external prostheses and medical aids and devices – which, the firm says, is a response to the increasing numbers of insured workers living in high risk conflict territories.

The benefits have been added to all MediCare International policies incepting or renewing from 1 September.

The firm added that, at 5%, it has kept its premium increases this year at levels which undercut the notoriously inflationary-prone medical sector. The company also claims to be one of the few insurers whose policies cover in full the cost of chronic care treatment.

A spokesman for the group added that, following French insurance broker April Medibroker’s acquisition of Medicare last April, clients could expect “a whole host of new enhancements to come on stream from the end of Q1 next year.”

Medicare managing director Debbie Purser added that with many customers looking for ways to extract extra value from their providers, Medicare’s combination of enhancements and low premium rises would help it remain competitive.

Medicare works with a core set of brokers in territories including the UK, Switzerland, Greece, Hong Kong and Lebanon.

 

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.