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MHG58At MHG Insurance Brokers, we make sure that our yacht crew clients are insured in the event of a medical issue or an accident, but we also take an interest in the everyday health and safety of our clients. Today we would like to provide a round up of information from our friends and partners that are experts on Yacht Safety Drills. If you have a story or comment about onboard safety drills, including ways to make a drill fun or memorable, please leave us a comment or join the discussion on our Facebook page. 

 

1. Make drills fun. 

A common discussion in yacht captain forums is how to run safety drills. As one commenter in YachtForums.com mentions, anything that breaks up the monotony of daily tasks is usually a welcome break, but making a safety drill fun and competitive will not only help get crew involved, but also makes it easier to recall the procedure under times of stress, when you really need it.

We have an annual contest to see who can get into their survival suit the fastest- you'd be surprised how fast those times are when there is an iPod or $100 (plus bragging rights) on the line for the winner.
To read this discussion in full, click here 

2. Spread the knowledge. 

Our second point is a reminder that all crew need strong safety skills, even those skills that may not usually fall under their responsibilities, and it comes from Dockwalk's article on Safety Drills.

Know your stuff. Throughout your yachting career you will receive varying levels of safety training from sea survival to first aid, but keeping these skills fresh could prove to be invaluable in an emergency. “Recently, I was running a drill during which the crew role play. [In this drill,] a lot of the crew had been seriously injured, including the boats medical officer,” says Capt. Nick. “Our allocated deputy [medical officer] had to step up to the mark. I asked her to talk me through the CPR procedure. It was fairly obvious that she had forgotten much of the basics and I realized that refresher courses should be part of our training schedule.”
To read this article in full on Dockwalk's webpage, click here. 

3. Consider the learning styles of your crew when going through drills. 

There are three types of learners: visual, auditory and kinesthetic. In other words, we all commit things to memory using sight, sound, or touch. In order to help all crew remember procedures, consider testing them in using each of these ways. For example, demonstrations will help visual learners, asking crew to repeat information will help an auditory learners and hands-on practice will aid kinesthetic learners. For more on learning styles, click here.  

4. Consider security drills as well as safety drills.

According to a recent article in The Triton by megayacht stew Alene Keenan, safety is just one important drill that should be considered part of crew responsibilities.

The importance of security training is finally being recognized and is now mandatory for all crew on ISPS-compliant yachts. Many young crew think the STCW code consists simply of the four modules of Basic Safety training required to get our first yacht job. Perhaps we don’t think about the relevance of security awareness training unless security issues touch us individually. For me, the relevance of this came about as a direct result of the terrorist attacks on the World Trade Center on Sept. 11, 2001. I was the new chief stew on a yacht based at Chelsea Piers on 23rd street. We saw it all happen. We were not able to move the vessel because our engines were disabled and so we ended up volunteering. Security drills are mandatory and best practices have been formulated to mitigate risks of a security breach. Ship security plans detail the procedures to follow in the event of an incident. But on that morning, we did not know what to do or what to expect.
To read Alene's article in full, click here. 

5. Take responsibility for yourself. 

Regulations and drills are one thing, but when it comes down to it, safety is everyone's responsibility. If you are a chef onboard and cannot tie a knot, you may come to regret not taking the time to learn basic seamen skills. No matter what position you are in, ask questions, grasp as much familiarity with the boat and the tasks that each mate manages, and consider the additional learning not only a resume builder, but a potential lifesaver.  

5 Things to Know about Yacht Safety Drills

Life Insurance Myths

Life Insurance MythsTo help you make an informed decision, we present 6 common life insurance myths – along with the factual information that debunks these misconceptions. 

 

Myth #1: I am too young to need life insurance. 

Even young, single individuals need life insurance to cover their financial obligations, such as personal debts, medical, and funeral bills; otherwise, a family member may be responsible for paying these expenses. You can lock in lower life insurance rates, begin preparing for the family you will someday have, and start building towards a financially secure retirement. Life insurance also gives young individuals the chance to make a significant financial contribution to their favorite charity or cause. 

Myth #2: I am too old to need life insurance. 

You may think there is no need for life insurance after you reach retirement age because your family is grown and you have sufficient funds to enjoy a comfortable retirement. Actually, purchasing life insurance after 60 provides a variety of potentially necessary benefits, allowing you to help protect your assets, clear any accumulated debts and tax burdens, and possibly leave a generous tax-free legacy for your loved ones or favorite charity while enjoying your retirement to the fullest.

Myth #3: Only the breadwinner needs life insurance. 

Coverage for spouses who do not work outside of the home is often overlooked, but their loss causes considerable financial repercussions for the remaining family member. When you perform a needs-based cost-replacement analysis of the many services your homemaker partner provides, including childcare and chef duties, cleaning services, driver and more, the need to purchase life insurance coverage becomes clearer.

Myth #4: My employer-provided life insurance is all I need.

Employer-provided life insurance is temporary coverage that is only in force while you remain with your employer. No matter how secure your position seems, the instability of the modern workplace, where corporations are downsizing without notice, could leave you with no job and no life insurance coverage at any time. In addition, employer-provided life insurance is generally only for one to two times your annual salary, a significantly insufficient amount if you have a family that will rely on your life insurance for their well-being. 

Myth #5: It is better to invest my money than purchase life insurance. 

Given the volatility of the market, counting on investments to provide for the financial well being of your family in your absence is a risky proposition. Purchasing sufficient life insurance can allow you to cover the cost of clearing your debts, provide for your family’s well-being, and help ensure that they have the needed funds to live comfortably regardless of downswings in the financial market.

Myth #6: Life insurance is very expensive.

Life insurance plans are actually surprisingly affordable. According to a recent study reported by Forbes, 80% of respondents overestimated the cost of life insurance – often by hundreds of dollars. The experienced insurance specialists at MHG can assess your life insurance needs and put together an affordable life insurance package that combines term and whole life insurance policies to provide the coverage you need. 

Contact MHG Insurance Brokers for more information about life insurance and other important insurance policies that are available by calling 954-828-1819, or visiting online at mhginsurance.com. Learn how you can protect your financial future and provide for the needs of your loved ones.

Life Insurance Myths

Common Misconceptions About Disability Income InsuranceHow would you pay your bills and support your family if you suffered a serious illness or injury and could not work? Disability insurance, also known as income protection insurance or sick pay, safeguards families by providing wage earners with a sizeable portion of their income if they are unable to work because of injury or illness. 

 

Unfortunately, misunderstandings about disability income insurance and the need for the benefits it provides have caused some workers to forego this protection, leaving them and their families in a dangerously vulnerable position. To help ensure that your family has the financial protection they deserve, here are the most common misconceptions about disability income insurance, along with the real facts about this valuable protection. 

My employer’s disability insurance provides all the protection I need. 

The group disability income insurance coverage provided by most employers pays around 60 percent of your salary, up to a specified cap, typically $4,000 to $6,000 per month. Any bonuses, commissions, and other forms of compensation you receive are not included, even if they represent a significant portion of your salary. An individual disability income insurance policy can cover up to 70 to 80 percent of your income, depending on the policy you choose, and your benefits are usually not taxed as they are under employer-based plans. Group policies also usually reduce the amount they pay based on any other payments you receive, such as Social Security, a drawback that personal disability income insurance policies do not have. 

Social Security Disability will cover me if I become disabled. 

Despite public perception, only a very small number of people actually receive Social Security disability benefits. The Social Security Administration (SSA) operates under such strict definitions of disability that they only approve approximately 35% of disability applications at the initial application level and only 10% of applicants at the reconsideration level. That leaves the vast majority of disabled workers uncovered by Social Security benefits.

Workers’ Compensation benefits will cover me if I am unable to work. 

Statistics show that only 5% of disabling accidents and injuries are work-related and covered by Workers’ Compensation Insurance. 

My savings will cover my needs.

If you put 10% of your salary into savings every year, a single year of disability could wipe out a decade of savings. Since your income and expenses have grown during that time, you could lose even more, as the interest paid on savings is not commensurate with the rising cost of living. 

Individual disability income insurance is too expensive. 

Actually, individual disability income insurance is far more affordable than most people realize. If you look at your disability income insurance premium as a percentage of your yearly salary, a typical plan only represents 1% to 3% of your income. To put it into perspective: A 45-year-old worker making $50,000 a year can purchase an individual disability income insurance plan for around $150 a month; if that same worker becomes permanently disabled, he or she stands to lose more than $1,000,000 in future earnings. 

All disability income insurance plans are the same. 

Disability income insurance plans can vary in many ways. Differences in definitions of disability, length of waiting periods, as well as the length and levels of coverage provided can have a significant effect on the financial well being of your family. The insurance specialists at MHG can explain the fine print and compare policy benefits and premiums to ensure you have the best individual disability income insurance coverage for your particular financial situation. MHG Insurance Brokers can assemble a complete insurance package that includes life insurance, health insurance, disability income protection, AFLAC coverage and more to ensure your family has all the protection they need. 

Call MHG Insurance Brokers today at 954-828-1819 or visit us online at mhginsurance.com and let our insurance specialists ensure your family has all the coverage they need. 

Common Misconceptions About Disability Income Insurance

5 Signs You Need Life InsuranceThe need for life insurance is something to think about, especially during joyous life events. The thought of leaving our loved ones is a painful one, but with careful planning, we can at least help ensure that our family will have the physical comforts and financial security they deserve.   As we go through life, it can be tempting to focus on the joys of the events that change our lives in various stages.  This can result in  neglecting the long-term planning needs these changes may bring. 

 

How can you tell if your changing life stage signals a need to obtain or update your life insurance coverage? Look for these 5 signs you need life insurance: 

Graduating College –While life insurance may not seem like an urgent necessity at this point, it is the ideal time for you to purchase a policy. Your rates will never be lower, and obtaining life insurance now allows you to make affordable provisions for your future retirement while establishing protection for your future family members. 

Getting Married – You just pledged to love, cherish, and protect your loved one from harm all the days of your life; life insurance allows you to help fulfill that pledge even after you are gone. If something happens to you or your spouse, the survivor would face financial obligations on his or her own, with everything from daily living and funeral expenses to retirement funds now becoming the survivor’s sole responsibility. Life insurance provides help with everyday expenses as well as ensuring the surviving spouse can have a comfortable and secure future. 

Becoming a Parent – Having a child is a marvelous event that comes with a heavy dose of responsibility. A life insurance policy can help assure your bundle of joy can have the best life has to offer, even if you are not around to help in person. Life insurance benefits will help your spouse provide all the various needs of your child or children, such as food, clothing, and education, minimizing the risk of having to struggle or scrimp. 

Becoming a Homeowner – All too often, surviving spouses are forced to sell a beloved home after their husband or wife dies because they are unable to afford the mortgage payments on their own. When you put in place a life insurance policy that is large enough to cover your entire mortgage, you can give your spouse the peace of mind that comes from a secure living situation. 

Planning for Retirement – Purchasing life insurance can allow you to spend your hard-earned money enjoying your retirement, while still providing a lasting legacy for your loved ones. The current volatility of the market has left some seniors without the resources they thought they would have for their later years; a life insurance policy provides a safe haven that can help protect your assets and provide you with funds that may be used when you are ready for retirement. 

In addition to changing your life insurance needs, these pivotal life events also create a need for the protection of other insurance policies, such as health insurance, disability income insurance, long term care insurance, and more. The dedicated experts at MHG Insurance Brokers will work with you to satisfy all your insurance needs, making certain that you and your loved ones have the coverage you need to be fully protected at every stage of your life. 

Call MHG Insurance Brokers today at 954-828-1819 or visit us online at mhginsurance.com for help in selecting life insurance and other coverage to ensure you and your loved ones have the protection you need at every stage of your life.

5 Signs You Need Life Insurance

Complete Insurance Solutions for Individuals, Families, and BusinessesMHG Insurance Brokers are known for being Marine Crew Insurance experts, specializing in insurance plans designed to meet the requirements of marine employers, captains, crew, contractors and concessionaires. But did you know MHG also provides insurance solutions for individuals, families, and businesses in the US? At MHG, we have the experience, expertise, and access to multiple insurance carriers to offer sound, independent advice as to which insurance providers and products are best suited to address the needs of individuals, business owners and employers. 

 

Employee Benefits/Individual Insurance Health Insurance / ACA Guidance – As an approved ACA insurance agency, MHG is able to answer your questions and help you find the perfect plan based on your particular requirements and budget. Speak with MHG’s Insurance Specialists about:

  • Employee Benefits - MHG will help you assemble a competitive employee benefits package, with a wide range of coverage options and benefits which can include Health, Dental, Long and Short-term Disability, Life and Gap insurance.

  • Individual Coverage – Finding the right insurance plan for you and your family can feel a little overwhelming. Not only are there so many options to choose from, but insurance has its own language and sorting through the terminology and key features on your own can be time consuming. Additionally, you may also be wondering if you are eligible to purchase insurance through the Affordable Care Act health exchanges.Let our Insurance Specialists help you find the right insurance plan for you and your family including Health, Life, Dental and Vision, Long-term Care, Supplemental Health, Medicare Plans and AFLAC coverage.
Business Insurance Today’s business owners need to know that there are several different types of insurance coverage available to protect their business as well as their personal assets. Call on MHG’s Insurance Specialists to help you with:

  • General Liability – Provides coverage for bodily injury, property damage, advertising injury, and personal injury, including libel and slander; can also pay defense costs and settlements for any claims against you, even if fraudulent.

  • Commercial Property - Protects your businesses' assets and inventory against physical damage and loss of use due to theft, an accident, or other means.

  • Employment Practices Liability – Protects your business, its directors, officers, and employees against allegations of sexual harassment, discrimination, emotional distress and wrongful termination among others.

  • Workers' Compensation – A mandatory type of insurance for businesses with four or more employees (one or more in the Construction industry), Workers’ Comp provides for your employees' medical expenses and some portion of their wages if they are injured on the job.

  • Commercial Auto – Covers any auto primarily used for business, paying for damages or medical expenses sustained by you or a third party involved in an accident; some policies include coverage for damages caused by a flood, fire or theft.

  • Professional Liability – Protects businesses that provide advice to clients, covering from claims made for negligence, failure to perform, and inaccurate advice.

  • Excess/Umbrella/Bumbershoot – For businesses that want complete protection from liability issues, Excess or Umbrella policies provide coverage above the limits of a General Liability policy, Employment Practices Liability Insurance (EPLI), or Hired and Non-Owned Auto policy.

  • Specialty Lines – Insurance coverage for businesses with unusual or difficult risks, such as staffing companies, security guards (armed and unarmed), home health care or businesses with high losses, lapses in coverage or dangerous exposures.
Now that you are aware that MHG provides complete insurance solutions for individuals, families, and businesses as well as marine crew insurance policies, it is time to let the Insurance Specialists at MHG help you find and purchase the right insurance plans to meet your business and personal coverage needs. 

Call MHG Insurance Brokers today at 954-828-1819 or visit us online at mhginsurance.com for help in selecting the right business and personal insurance plans to meet your coverage requirements.

MHG Provides Complete Insurance Solutions for Individuals, Families, and Businesses

Who Needs Long Term Care InsuranceThe phrase Long-Term Care covers a variety of services and support for a person who has become unable to care for him or herself, because of chronic illness, disability, or deteriorating cognitive condition. Not limited to medical care, Long-Term Care also includes assistance with everyday tasks such as bathing, dressing, eating and using the toilet. You probably know someone who has needed long-term care services, whether for themselves, a parent, or an older relative. 

 

Long-Term Care Insurance helps ensure that those who need these services are able to afford them without depleting their financial resources. If you are a relatively healthy person in your 40s or 50s, though, you may be thinking, “Long-Term Care Insurance: Who needs it?”, when you are over 60 life insurance is something you need to thinking about. 

If you have between $50,000 and $1 million in retirement assets, you need the protection of Long-Term Care Insurance. 

As a fiscally responsible individual, you have spent the majority of your adult life preparing for your retirement years, working and saving to ensure you can enjoy them free from financial concerns. You make regular payments into your retirement funds, you have a Disability Income Protection Plan in case an injury or illness prevents you from working, and you have a Life Insurance Plan in place to take care of your loved ones when you are gone. 

Despite all your hard work and planning, if you or your spouse are one of the 7 out of 10 Americans over the age of 65 who will need long-term care, you could lose your financial security to the high cost of long-term care medical bills. If you have between $1 million and $2 million in retirement assets, you count as being self-insured; meaning you have the funds needed to pay for long-term care, without stripping away your financial security. 

Those who have less than $50,000 in retirement assets may qualify to receive Medicaid benefits that will cover some of your long-term care needs. If you are like the majority of Americans, with assets between $50,000 and $1 million, you could be faced with long-term care bills that will drain your resources and destroy your financial security. 

Long-Term Care Insurance covers skilled, intermediate and custodial care in your own home or an adult daycare environment, assisted-living facility, or nursing home. With Long-Term Care Insurance in place to pay for this care, your spouse and children are protected from having to assume the heavy financial burdens that this care would otherwise create. Long-Term Care Insurance can also make the difference between having to move into a care facility or being able to receive care at home surrounded by your loved ones. 

If you are in your 40s or 50s, and not able to self-insure, it’s important to include Long-Term Care Insurance in your overall financial planning not only to ensure you are not turned down but to also lock in to lower premiums. Whether you decide to self-insure, purchase a Long-Term Care Insurance policy, or rely on Medicaid, the Insurance Specialists at MHG will guide you through the various options to ensure you have made the best choice for you, your family, and your financial circumstances. 

Contact MHG Insurance Brokers to learn more about obtaining Long-Term Care Insurance, Life Insurance, and the different types of insurance policies available by calling 954-828-1819, or visiting online at mhginsurance.com. Let us help you begin the preparations to protect you and the ones you love most.

Long-Term Care Insurance: Who Needs It?

Tips for Selecting the Right Health insurance Plan for Your Small GroupChoosing a health insurance plan for your small group or company is a weighty responsibility. Whether you are purchasing benefits for the first time or already have a group benefit plan in place and are looking for a more affordable alternative, your number one priority is keeping your employees safe and healthy. Since the decisions you make can have a profound effect on the physical and financial well-being of your employees, your co-workers, and yourself, the Insurance Specialists at MHG Insurance Brokers have provided these five tips for selecting the right health insurance plan for your small group in hopes of making your task a little easier.

  1. Pick an insurance carrier that is widely accepted.

    Recently carriers have introduced limited networks that are accepted by very few providers. Protect your employees by staying away from plans with names that include words like “Select”.

  2. Include plans with various prices and benefit levels.

     Plans with higher deductibles have lower premiums, making them more affordable. Since your employees have different financial circumstances, be certain to include a plan that includes copays for physician visits, prescriptions, urgent care, and emergency room visits (if possible).

  3. Understand the difference between copays and coinsurance.

    Copays are a fixed dollar amount, while coinsurance is in the form of a percentage.

  4. Verify what each plan includes in the out of pocket maximum.

    For plans purchased from 2014 onward, the out of pocket maximum includes the deductible, copays, coinsurance, and prescriptions. Some of these may have been excluded in previous years and on current plans that were purchased prior to 2014.

  5. Make sure your employees understand HMOs, PPOs, and POS plans.

    These plans have similar benefits, but some distinct differences greatly affect coverage. The key differences are as follows:

    1. HMO plans require that the members use in network providers only.

      Generally less expensive than similar PPO or POS plans, HMOs require members to select a Primary Care Physician (PCP); before members can see a Specialist, they must get a referral from their PCP. In recent years, Open Access HMOs that do not require PCP selection or referrals have become more prevalent. HMO benefits are restricted to a particular geographic region.

    2. POS plans are HMO derivatives that include out of network benefits.

      POS plans resemble HMOs for in-network services; services received outside of the network are usually reimbursed based on a fee schedule, or what is considered to be reasonable and customary charges.

    3. PPO plans have in and out of network benefits.

      Referrals are never required with a PPO. Members have the option of seeing any doctor they choose, although benefits paid for visits to out of network doctors can be considerably lower.

    4. HSA (Health Savings Accounts) work with HDHP (High Deductible Health Plans) but generally do not pay benefits until the plan deductible is met.

      Once the deductible is met, members usually do not have copays for routine benefits like physicians’ visits, prescriptions, etc.
Selecting the right health insurance plan for your business is an important responsibility. The experienced insurance brokers at MHG will help you sort through the terminology and key features to determine the best group health insurance plan for your business, taking into account your employees’ circumstances, coverage requirements, and budgets. MHG Insurance Brokers offers a wide range of insurance coverage for businesses and individuals including disability insurance, life insurance, travel insurance, and more. 

Call MHG Insurance Brokers today at 954-828-1819 or visit us online at mhginsurance.com for help in selecting the ideal group health insurance policies for your business.

Tips for Selecting the Right Health insurance Plan for Your Small Group (US Life & Health)

New Business Owner Types Of Commercial InsuranceOne of the first tasks you face as a new business owner is making sure your business is protected from loss with the right commercial insurance. A single uncovered incident or lawsuit could spell disaster for your fledgling business, draining your financial resources and causing you to shut your doors forever. 

 

While your particular city and state may have additional coverage requirements, there are certain universal commercial insurance policies that every commercial business should have. These essential commercial insurance policies include: 

General Liability Insurance The most basic form of business insurance available, general liability insurance is a must for every business, as it protects you in case anyone is injured by a product or service you sell. Your landlord may actually require you to carry commercial general liability insurance, as it also provides legal protection in case anyone is injured at your place of business, protecting you from the legal hassles and liability associated with accidents, injuries, and claims of negligence. 

Commercial Property Insurance – Many business owners mistakenly assume that if the building they are in were burgled or burned,their items would be covered under the landlord insurance policy. This is only true if any damage that occurs is due to neglect of the landlord. Inquire about available policy add-ons, which extend your coverage at an additional cost; popular add-ons include Full-replacement Cost Coverage, which pays the actual cost of replacing lost items, rather than a depreciated value and Business Interruption. 

Business Interruption Insurance – This coverage is essential for the long-term survival of your business, as it provides coverage for loss of income due to a covered claim (fire, water damage, etc.). Standard business insurance will pay for property damaged in a covered claim, but does not address the loss of income you face because of that claim. For instance, when you add business interruption coverage, also known as loss of business income insurance, in addition to reimbursement for the property lost in a fire, you are also reimbursed for the income lost during the weeks it takes before you can re-open for business. 

Professional Liability Insurance – If you have a business that offers any sort of professional advice or service to clients, such as accountants, architects, engineers, attorneys, or consulting firms, you should have a Professional Liability Insurance policy in place. Anytime you offer advice to clients, a simple mistake or undesired result can tempt disgruntled clients to sue. Even though there may not be a valid claim, defense costs can quickly escalate, significantly damaging your financial solvency. Professional Liability Insurance covers you from claims made for negligence, failure to perform, and inaccurate advice, as well as perceived financial loss and violation of good faith and fair dealing. 

The insurance experts at MHG Insurance Brokers are available to answer all your business insurance questions, from general inquires such as, “As a new business owner, what types of commercial insurance do I need?” to specific questions about the exact type and amount of coverage you need. When you choose to work with MHG for your commercial insurance coverage, we will analyze the unique needs of your business to secure the best plan for you from our complete line of business insurance solutions. 

Contact MHG Insurance Brokers today at 954-828-1819, to learn more about obtaining commercial insurance that will fully protect your new or existing business or visit us online anytime at mhginsurance.com.

As A New Business Owner, What Types Of Commercial Insurance Do I Need?

Worst Advice About Yacht Crew InsuranceWhen you have insurance questions, it is tempting to ask friends and coworkers for their advice. You turn to these people for guidance in your personal life, so it is natural to seek their input when considering other important issues. Basing your insurance decisions solely on advice from non-professionals may not be a good idea, however, as this advice is usually based on an individual’s own experiences and anecdotes. In honor of these well-intentioned but ill-informed sources, we have decided to share with you the worst advice we’ve ever heard about yacht crew insurance – along with the real facts you can use to make informed decisions about your health insurance coverage.  


We Don’t Need Insurance Because We Are Covered By the Owner 

Not true. The yacht owner’s insurance is not your insurance. Also keep in mind that the owner’s insurance and liability does not necessarily extend coverage to you when you are off the vessel or on vacation. There may be other restrictions and limitations as well, which can create large gaps in your coverage. When you incur medical expenses, doctors and hospitals will hold you responsible for payment, not the vessel owner. Rule of thumb is, unless the owner has a separate group crew health insurance plan, it’s best to have your own individual health insurance plan. The Insurance Specialists at MHG work with several leading international and US carriers and are happy to help find the right plan that meets your coverage requirements and budget.   

Your Stateside Insurance Plan Will Cover You as We Travel 

Some crew members think that as long as they have medical insurance at home, they are fully covered wherever they roam. Actually, typical medical insurance only provides coverage while you are in your home country, leaving you unprotected for any injuries or illnesses that could occur while you’re away. MHG Insurance Brokers offer international health insurance plans designed specifically for yacht Captains and Crew. These plans typically offer worldwide coverage on and off the vessel, emergency evacuation/repatriation, winter and water sports coverage, amateur sailboat racing, maternity and dependent options, to ensure you are fully covered no matter where you go. 

You Can Wait To File A Claim 

It’s important to keep in mind that some policies have a time limit on submitting claims. While there are reasons for the limitation, the most important thing to know is that if you have a claim where you need to be reimbursed, you need to get it submitted in a timely manner. The limit can be as short as 90 days from when you received the treatment. That seems like a very easy deadline to meet, but we have seen claims coming in from two or three years ago and in some cases the insurance carriers will not allow the claim. Of course at MHG, we're here to help get a claim paid in your favor when we can. In fact, that's when it's often our time to shine! 

Don’t Claim Because You Might Lose Your Job 

Filing a health insurance claim should not endanger your job; in fact, filing a claim should have absolutely no effect on your job status, because it is your right to have proper health care and insurance while you are employed. 

Find The Cheapest Plan Because They Are All The Same

Yacht crew insurance plans vary greatly, and price should never be your only consideration. If two policies seem similar but the costs are different, look closely at the deductible, coverage, and copay amounts. A company’s service record should also be a consideration. Whether you have a question about your coverage, policy or claim, you’re looking for a company that provides prompt, friendly, personalized attention. Right now there are some new plans out there that look like Gold, for the price of Pyrite. Remember, if it sounds too good to be true, it probably is. Speak with an insurance broker who can help explain what you are really getting (or not) before something happens and you find yourself or your crew thinking something was covered that isn't.

As independent brokers who are constantly scanning the marketplace, we at MHG are your advocates and are here to help guide you and help keep you safe. Selecting the right insurance plan is important and should not be taken lightly. The experienced marine insurance brokers at MHG will help you sort through the terminology and key features to determine the best plan for your unique circumstances, coverage requirements, and budget. MHG Insurance Brokers offers a wide range of yacht crew insurance plans including international health insurance, US health insurance, sick pay/disability insurance, life insurance and travel insurance.  Solutions for individuals, groups and fleets are available. 

Call MHG Insurance Brokers today at +1 954 828 1819 or +44 (0) 1624 678668 or visit us online at mhginsurance.com  to find the yacht crew health insurance plan that perfectly meets your needs. 

The Worst Advice We’ve Ever Heard About Yacht Crew Insurance

Will My Health Insurance Plan Cover Me InternationallyAccidents and injuries can occur at any time, leaving you in need of skilled medical care. If a medical emergency transpires when you are at home, your health insurance may provide the full range of needed benefits, but most insurance policies have different rules that apply to international travel. Since having the proper insurance coverage can make the difference between an easily managed situation and a medical and financial nightmare, before you head off on an overseas vacation or business trip, you first must find out, “Will my health insurance plan cover me internationally?” 

 

Many US health insurance plans do not include international coverage. 

While there are exceptions to this rule, it is likely that your US Health Insurance plan’s coverage does not extend to countries outside the US. The plans that do include international coverage tend to have limited networks, which causes them to work much less effectively. You will also probably have to pay all associated costs upfront before you can receive treatment, draining your financial resources when you are far from home. Before leaving on your trip, contact your insurance company to see if your plan does offer international coverage.

Medicare does not provide coverage outside the US. 

If you are an American senior whose only source of coverage is Medicare, you effectively have no health insurance benefits outside the U.S. Travel insurance plans are available to the senior market; however, they have a cap of $10,000 in coverage. 

Travel insurance is affordable. 

The insurance experts at MHG Insurance Brokers can provide you with plan options from several different insurance companies containing the medical benefits that you need for traveling abroad. International medical insurance plans are available that offer coverage for as little as five days to as long as three years, with deductibles that range from $0 to $25,000 to fit every budget. With a travel insurance plan from one of our designated carriers, you and your family will gain the peace of mind that comes from knowing you are protected in case of emergency. 

The application process for travel insurance is quick and easy. 

Enrollment in the travel insurance plans MHG Insurance Brokers offers is surprisingly fast and easy. You can apply right online, and same day coverage is available. 

Travel insurance offers an important benefit for European travelers

If you are a European traveling with your European Health Insurance Card (EHIC), you may be eligible for free or reduced medical care for an accident or illness within the 28 EU countries plus Iceland, Lichtenstein, Norway and Switzerland, but you are still lacking an essential benefit. In the case of a serious illness or injury, the costs of getting you home can be very substantial and these are not covered by the normal social system cover / EHIC. MHG Insurance Brokers can match you with medical evacuation insurance that covers the cost of your medical repatriation, so you can be returned to your home country without having to incur a sizable expense. 

Before heading out on your vacation, make certain you and your loved ones are covered in the case of unexpected illness or injury. MHG Insurance Brokers can advise you on the best selection of travel health insurance, trip cancellation insurance, and other plans to ensure your coverage matches your itinerary, coverage, and deductible needs. 

Call MHG Insurance Brokers at +1 954-828-1819 or +44 (0) 1624 678668 or visit us online at mhginsurance.com to enjoy the peace of mind that comes from knowing you and your loved ones are fully protected no matter where you roam!

Will My Health Insurance Plan Cover Me Internationally?