The US insurance industry is taking its insurance coverage to the skies.
The Federal Aviation Administration (FAA) announced on Tuesday it is moving to allow travelers to claim policyholders’ medical expenses from air travel within a 60-day window.
Under the new rules, policyholders can request medical insurance coverage from airlines on an “as-needed basis” to cover their travel costs.
“I can’t wait to get started,” said David DeBoeuf, CEO of aviation consultancy DeBueys.
“My goal is to have a policy in place for every trip I make in the US.”
DeBuey and his team have a wide range of insurance products, including a range of travel policies, to help insurers cover the costs of insurance policies that cover air travel.
The firm has a large fleet of aircraft to help cover the travel costs for its clients, and DeBieys is also providing health insurance for the airline industry.
DeBiehs’ company also provides medical insurance for his employees, but he said he was only able to get the policy in one state because the FAA had a different set of rules for insurers.
“It’s going to be an absolute nightmare to get this policy in a state that doesn’t have one,” he said.
“They’re going to have to find an alternate way to get it in that state.
I’m hopeful that the FAA will do something that’s going in the right direction.”US insurance marketInsurance companies have been taking advantage of the Federal Aviation Regulations (FARs) to allow the use of medical insurance to cover travel costs on the private sector.
Under the FARs, airlines are allowed to claim medical expenses on behalf of their customers, and the FAA has not allowed the airlines to do this on the individual basis.
The FAA also has not required insurers to include travel insurance in their insurance policies, meaning that most US insurers have not yet embraced the medical insurance concept.
DeMauro said the new policy rules will allow insurance companies to use medical insurance claims for claims that are covered by their own policies.
“In the US, the only way you’re going be able to claim it is when you’re actually taking a trip,” he explained.
“If you’re not taking a flight, you’re just not going to claim the cost of medical expenses.
It’s not going in that window.”
The change in policy rules comes in response to the increased use of air travel by consumers.
DeMauros said the airline market is expected to reach $9.5 trillion by 2026, and it’s expected to grow by 10 percent annually over the next decade.
DeDeys’ firm also provides health insurance to some of the largest US airlines, including Delta and American.
“Our goal is for the US to be a world leader in air travel, and I think that will be achieved,” he added.
“I think the aviation industry has been able to leverage the technology and expertise of many, many people and they’re starting to realize that this is an important market.
I think there’s going be a lot more pressure to grow and thrive in this space.”
The FAA is expected on Tuesday to announce changes to its policy guidelines for insurance claims, and some states will be able start issuing policies within 60 days.
DeBeeys hopes to offer policies for the 2018 and 2019 calendar years.
DeSantis and his company have been working with a range in the insurance industry to offer coverage to those in need of medical care, including DeBees employees and their families.
He said DeBeys’ insurance is working well with his company, and he is hoping to offer more options for the market in the future.
“If there is a need for insurance, I think we can certainly help fill it,” he told Al Jazeera.