Definition

A subscription that covers or reduces the cost of emergency air transport. It’s useful if you live in a remote area or travel frequently.

What to consider

  • Understand why the surcharge is applied.
  • Compare with alternative policies.
  • Consider its impact on overall premium costs.

Real world scenarios

  • When renewing their insurance, Karen and Jim were informed of a spousal surcharge that slightly increased their premium.
  • An employer’s plan imposed a spousal surcharge for couples not legally married.
  • A policy review revealed a spousal surcharge, prompting Mark to compare other insurance options.

Related terms

Healthcare