Updated: Jan 25
Purchasing medical insurance is a major milestone in the completion of the application for a super visa for parents and grandparents. Before purchasing super visa insurance lots of people need answers to this fundamental question.
How much does medical insurance for Super visa cost?
This question can have many answers because there are several factors that control the cost of super visa insurance. This guide is about educating you to roughly estimate the cost of super visa insurance that best meets your medical and financial needs.
Super visa insurance MUST follow these criteria as per visa application requirements:
Provide coverage for at least one year i.e., 365 days.
Coverage should be of a minimum of $100,000 dollars.
These two requirements boost super visa insurance costs as you are required to pay an insurance premium for one year and you can’t purchase insurance coverage of less than $100,000. However, there are several other factors to control the cost of super visa insurance:
Age of applicant:
Age of the applicant (your parents) is the key factor that impacts the cost of insurance. Old age requires extra medical care and thus results in higher insurance costs. One year of super visa insurance should roughly cost $1222.75 to $3942.00 for the ages 50 to 85. This implies the cost of $101.89 a month to $328.50 a month for the ages 50 to 85 if you opt to enroll in the monthly payment plan. Note these insurance cost rates are for the $100,000 coverage plans. You should expect more cost for higher coverages.
Get free super visa insurance quote today on our website to best meet your medical and financial needs.
Pre-existing medical conditions:
Applicants with pre-existing medical conditions e.g., Blood Pressure, Heart, Diabetes, Lung, Cholesterol, and other medical issues should expect high insurance costs. Such conditions are usually covered by specially designed insurance plans (e.g., Enhanced plan on myTravel-insurance) if these conditions are stable in the last six months.
One year of super visa insurance should roughly cost $1879.75 to $6296.25 for the ages 50 to 85. This implies the cost of $156.64 a month to $524.68 a month for the ages 50 to 85 if you opt to enroll in the monthly payment plan. Note these insurance cost rates are for the $100,000 coverage plans. You should expect more cost for higher coverages.
Deductible is the amount paid out of your pocket before an insurance provider will pay for any expense. Deductible selection is an option to reduce insurance costs. For example, in case of a medical emergency if you agree to pay a $1000 deductible out of your pocket and the rest of the expenses will be paid by insurance then one year of super visa insurance cost ranges roughly from $978.20 to $1503.80 for the ages 50 to 85. This implies the cost of $81.50 a month to $125.31 a month for the ages 50 to 85 if you opt to enroll in the monthly payment plan. myTravel-insurance provides a range of deductibles from $100 to $10,000 to reduce insurance rates to best suit your budget.
Monthly payment option:
We understand that purchasing super visa insurance for a full year is sometimes not affordable. Therefore, myTravel-insurance offers a monthly payment plan to help its customer manage insurance costs. Super visa monthly payment billing reduces the burden on your budget and provides you the flexibility to select insurance coverages that best match your parent's health conditions.
Get free super visa insurance quote and enroll in monthly payment option at the time of purchasing policy.
myTravel-insurance offers special discounts for companions and families.
A 5% discount is provided if you purchase insurance for companions traveling together. For example, you can get a 5% discount if your both parents are traveling together on a super visa.
Family Package: We offer a family package for families of three or more people. Family packages provide lower rates as compared to individual insurance costs provided above.