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
A Olusanjo Omoniyi
Find an EB-5 Visa Lawyer: Immigration AttorneyThe basic requirement is to show that you can afford to buy a health insurance policy once in the U.S. It is in part based on the need to ensure an immigrant does not become a pubic charge. For example, you can demonstrate that you have enough funds in your bank account to buy insurance policy upon arrival in the U.S. There is no limit on the nature and amount of policy you need to buy. However, it may be a good idea to talk to an insurance agent perhaps through your attorney to ascertain how much policy is adequate.
Bernard P Wolfsdorf
Find an EB-5 Visa Lawyer: Immigration AttorneyThis has been enjoined by court order. It is not currently effective.
Salvatore Picataggio
Find an EB-5 Visa Lawyer: Immigration AttorneyNo one is really sure, which is likely why this new requirement has been halted by a lawsuit.
Lynne Feldman
Find an EB-5 Visa Lawyer: Immigration AttorneyThe insurance policy should cover 364 days.
BoBi Ahn
Find an EB-5 Visa Lawyer: Immigration AttorneyThere are no implementing guidelines issued for this provision as yet.
Stephen Berman
Find an EB-5 Visa Lawyer: Immigration AttorneySince the rule has not yet taken effect, it is premature to hazard any guess, except that travelers insurance would probably suffice.
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