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Global Medical Silver Insurance is an affordable long-term, annually-renewable, major medical insurance. Global Medical Silver Insurance has specific dollar limits on most benefits. Global Medical Silver Insurance is the perfect expatriate medical insurance policy for those who want coverage for a variety of medical services, but are seeking to reduce their premium costs.Global Medical Silver Insurance is designed to provide coverage similar to Global Medical Insurance, however, it features specific dollar limits on most benefits. This is the perfect plan for those who want coverage for a variety of medical services, but are seeking to reduce their premium costs. You also have the option of adding Global Term Life InsuranceSM and Global Daily IndemnitySM to your Global Medical Silver Insurance coverage. Global Term Life Insurance
Global Daily Indemnity
Lifetime EligibilityIndividuals on the Global Medical Silver Insurance plan by their 65th birthday and maintaining continuous coverage to age 75 are eligible for IMG's Global Senior PlanSM.Plan BenefitsGlobal Medical Silver InsuranceSM (GBI) covers the Usual, Reasonable and Customary (URC) charges for eligible expenses in the area where you receive treatment. Each insured person will only need to satisfy their deductible once per period of coverage (12 months), with a maximum of three deductibles per family.For eligible expenses incurred in the U.S. and Canada: once the deductible is met, GBI pays 80% of the next US$5000 in eligible expenses, then 100% of eligible expenses up to the policy maximum. For eligible expenses incurred outside of the U.S. and Canada: once the deductible is met, GBI will pay 100% of eligible expenses up to the policy maximum.
The foregoing list is only a summary of available benefits and coverages, and is subject to the specific terms and conditions of the plan concerning eligible benefits, limitations, eligibility and exclusions. Please refer to the certificate wording for a complete description, which is available upon request. Policy ExclusionsAfter coverage has been in effect for 24 continuous months, Global Medical SilverInsurance provides a US$50,000 lifetime benefit for eligible pre-existing conditions that existed at or prior to the effective date, subject to a maximum of US$5,000 per period of coverage. This benefit is payable whether or not you have received consultation or treatment for the condition(s) during the 24-month period. This is important since few pre-existing conditions remain free from ongoing consultation or treatment, and often do not qualify for coverage in standard plans. Global Medical Silver Insurance does not "rider" or charge additional premium for pre-existing conditions. If you properly disclose a pre-existing condition at the time of application, and are accepted into the plan, you will be covered for eligible medical expenses after 24 months of continuous coverage, subject to the foregoing limits and the other terms of the plan.*The following illnesses which exist, manifest themselves or are treated or have treatment recommended prior to or during the first 180 days of coverage from the initial effective date are considered pre-existing conditions under the plan, and are subject to the waiting period and other limitations of coverage described above: tonsillectomy, disc disease, adenoidectomy, hemorrhoids or hemorrhoidectomy, disorders of the reproductive system, hysterectomy, hernia, gall stones or kidney stones, any condition of the breast, and any condition of the prostate. OTHER EXCLUSIONS & LIMITATIONS*
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