The total amount of money that an insurance company will spend on coverage is known as an overall maximum benefit. An overall maximum benefit can usually be found on many international health insurance plans. There are two types of overall maximum benefit:

Annual maximum benefit

The insurer will put a limit on the cost of treatment for an insured person per insurance year. This amount will be renewed with every policy anniversary date. With an annual maximum benefit it does not matter how much is spent on medical treatment throughout the year as long as the limit is not reached.

Lifetime maximum benefit

During the entire lifetime of a policy this is the total amount that an insurer will spend on treatment. Once the lifetime maximum benefit is reached the insurance company will not pay for any further medical treatment.

To learn more about an overall maximum benefit or for more information about international health insurance plans, please contact us.