1) Foreign Insurance Companies are not regulated by USA
Foreign insurance companies are not regulated by the State Insurance Authority. These insurers, known as Surplus Lines, are not regulated and do not have to answer to complaints levied on them. Because foreign insurance companies are not regulated, this means if they do not pay your claims you have no recourse!
3) Foreign Insurance does not pay claims in dollar denomination
Foreign Insurance companies may say they provide 100,000 or even 1,000,000 in insurance coverage. But these figures are in local currency. Not only will these amounts not suffice in providing even the basic amount of coverage for US medical costs. Due to inflation and the rising costs of healthcare in the United States, the foreign insurance companies can not pay these claims. These policies are worth the paper they are printed on.
5) Domestic Insurance is easy to renew
Foreign Visitors Insurance is mainly sold through individual agents who require mountains of paperwork to apply & renew insurance. USA based companies have a straightforward, simple online renewal process.
Foreign travel insurance is often not accepted by many health care providers in the Untied States. For these health care providers, they are skeptical they will be paid if they accept the insurance, and will require you to pay the full cost of the treatment. Then you are left holding the bag while you wait for claims to be paid.
4) Domestic Insurance Companies will Pay Claims
There are very few US based underwriters (only INF Plans use US Based Underwriters). In order to keep good standing with insurance regulatory authorities, these companies pay all eligible claims within 6 weeks. Many visitors insurance plans try to get out of claims by including many exclusions in their policies and saying your medical condition is not covered. However, INF Plans & US Based visitors insurance companies will honor their commitments and do right by their customers.
6) You can hold Domestic Insurance Companies Accountable
Many times, the same agent who sold you a policy in your native country will disappear the next day. Due to the lack of proper infrastructure & reporting, these agents cannot be held responsible for unpaid claims. US Companies are not fly-by-night operations, rated by multinational ratings agency, and are regulated to the highest degree by the United States government. You can hold US based companies responsible for your health care and well-being.