To save money on visitors insurance for parents, one strategy is to pool your resources with a group of people and purchase a single group policy. Group travel medical insurance plans is available for groups of 5 or more usually, offering the same insurance policies and benefits at discounted group rates. If you're on traveling to the US in larger groups, you may be able to take advantage of these savings by jointly applying as a group.
Research the rules and regulations governing different types of visitors health insurance plans available for visitors to USA. As there are many plans and providers, most of these plans have many common rules and some other plans have specific rules in place regarding such things such as pre-existing conditions, etc. When you have decided on purchasing visitors health insurance, make sure that you read all of the fine print, exceptions and clauses, so that you will know what benefits exactly you're getting your parents and what coverage they may end up being denied.
Know which hospitals in your local zip code are accepted in your visitors health insurance plan and so you know well in advance where to take your parents while in USA or other relatives visiting the United States, in case of an medical emergency. Planning ahead for these unexpected events can help to save your loved ones health and your family money. Your parents can even carry a wallet card that tells emergency workers what hospital to take you to.
Think about choosing a plan with a low premium if you are worried about your financial position. Since you have to pay for the entire duration selected, some may not be able to pay the full premium amount of your visitors medical insurance upfront. Selecting a plan that offers renewal as long as a policy has not lapsed could be a more reasonable premium payment and makes good financial sense.