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What are the requirements on health insurance for EB-5 investors?

I understand that after Nov. 3, 2019, EB-5 investors must demonstrate to the consular officer at the time of interview that he or she will be covered by approved health insurance within 30 days of entry into the United States, or has the financial resources to pay for reasonably foreseeable medical costs. Are there basic requirements for approvable insurance coverage in terms of coverage amount and length? How much is "reasonably foreseeable medical costs"?

Answers

  • Avatar

    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    This has been enjoined by court order. It is not currently effective.

  • Avatar

    Salvatore Picataggio

    Immigration Attorney
    Answered on

    No one is really sure, which is likely why this new requirement has been halted by a lawsuit.

  • Avatar

    Stephen Berman

    Immigration Attorney
    Answered on

    Since the rule has not yet taken effect, it is premature to hazard any guess, except that travelers insurance would probably suffice.

  • Avatar

    BoBi Ahn

    Immigration Attorney
    Answered on

    There are no implementing guidelines issued for this provision as yet.

  • Avatar

    Lynne Feldman

    Immigration Attorney
    Answered on

    The insurance policy should cover 364 days.

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