- New Features Include Flat Rates for Children, an Adventure Sports Coverage Option, and Greatly Increased Medical and Emergency Medical Evacuation Coverage Limits.
MH Ross Travel Insurance Services, Inc., a leading provider of travel insurance to consumers nationwide, today announced major enhancements to its popular Asset and Asset Plus plans. Several new features – made possible in part through a special arrangement with underwriter Arch Insurance – offer valuable cost and coverage benefits for a range of travelers including families with children and adventure sports enthusiasts.
Responding to current health care cost realities, the plans also offer higher limits for medical and emergency medical evacuation coverage while traveling. Among the most significant new features is a flat rate for children designed especially for cost-conscious traveling families. The Asset plan's rate is $14 for all children 17 years or younger traveling with the family.
The Asset Plus plan's rate is $25. On both plans, coverage is limited to a maximum trip duration of 60 days and a maximum vacation cost of $50,000 per person. This flat-rate feature also makes MH Ross plans highly attractive when compared with competing plans that do not charge for children but are costlier overall. Another distinctive new feature is an adventure sports coverage option.
For an additional cost of $25 per person, travelers who enjoy such activities as skydiving, mountain climbing, spelunking, parachuting, hang gliding, or bungee jumping can receive medical and medical evacuation coverage if participation in one of these activities while traveling results in an accident or injury. In addition, the Asset and Asset Plus plans offer several other new and enhanced features.
The new features include the ability to recover lost vacation costs due to cancellation because of a pregnancy that occurs after the insurance was purchased, a hurricane warning, a school year extension that conflicts with a planned vacation, or an employer canceling an employee's vacation. Among the key plan enhancements are higher medical coverage limits (raised from $25,000 to $50,000) and higher emergency medical evacuation limits (raised from $50,000 to $500,000).
"We're delighted to announce so many new features and enhancements to our Asset and Asset Plus plans all at once," said Sheri Machat, Senior Vice President, MH Ross. "They help our plans stand out in a more striking way in this very competitive marketplace. But, more important, they deliver special value to people who depend on our insurance for peace of mind when they're traveling. Two of the big beneficiaries of these changes are families, who can now travel more cost effectively, and adventure travelers, who can now obtain coverage when pursuing activities they're passionate about. We hope both these groups and others take a close look at the changes we've made before they pursue their next great travel adventure."
- iPMI Magazine Round Table: International Medical Cost Containment Strategies 2022
- Why AXA Leaving The Middle East Is A Big Deal
- HDI Global Specialty Enters International Private Medical Insurance (IPMI) Market With Generali Hire
- iPMI Magazine Speaks with Global Excel Indonesia’s Steven Om on Brand-New Hospital Express Discharge Program
- Healthcare International (HCI) Announces Management Buyout Backed By Prefequity
- easyJet Partners With Collinson To Provide Passengers With COVID-19 Cover
- Bupa Announces Appointment Of James Lenton As Group CFO
- ROUND TABLE: International Medical Cost Containment Strategies 2021
- Uncertainty About The Future And Finances Leading Causes Of Stress, Cigna Study Reveals
- 1.9 Million Brits May Have Travelled Uninsured During The Peak Summer Season
Latest from iPMI Magazine
- iPMI Magazine Speaks With Eithan Wolf, CEO, PassportCard Germany
- HCI Group Launches New Modular iPMI Plan, NIMBL Health
- APRIL International Maintains Top IPMI Service Rating For 2nd Consecutive Year
- Allianz Partners Continues Growth Trajectory Driven By Travel Rebound
- Allianz Partners Enhances Health Business With New Appointments