International Travel

How To Choose The Best International Travel Medical Insurance For You

Domestic travel insurance plans are not designed to function well with hospitals and doctors overseas, which can add to your frustration if you have problems while traveling. Your greatest financial risk while traveling outside of your home country is if you have any health or medical problems. International travel medical insurance offers temporary medical or health insurance for United States citizens and foreign nationals when traveling anywhere outside their home country.

In general terms, in the travel insurance market there are two types of insurance products: travel medical insurance (or travel health insurance) which is obviously more heavily weighted to cover you for any health-related problems that might occur while traveling outside of your home country and has a smaller amount of trip cancellation coverage included; the other type is trip cancellation insurance. International travel for business or pleasure keeps growing at a fast pace and is not going to change in the near future.

Most international insurance companies cost much less than American companies, because their overhead is lower and the cost of health care is much lower in other countries than in the United States. Evaluating someone who has met with an accident or become ill in an isolated place can be awfully expensive. If you find a reputable insurance company, it will take the financial worry of horrendous medical expenses out of your travel.

Some insurance policies don’t cover any pre-existing illnesses, and will ask for a history of medical problems. When choosing a plan, first assess the requirements, the risks involved, the costs and various options that are available, and then make a compromise where necessary. US insurance, like Medicare, should be checked for the extent of its coverage, or the possibility of needing to buy any additional coverage.

There are a few group insurance plans that are relatively cheap, and if you’re with a tour group or a visiting business delegation you could save money with group travel medical insurance. Some policies or plans don’t accept hazardous vocations like mountain climbing or skating. Getting low cost or cheap international travel medical insurance quotes online from several companies is easy to do.

Whatever compromise in your plan you choose to make between risks and costs, shop around not only for cheap international travel medical insurance plans, but also for a reputable company that gives you total information, has open view functioning and does not evade any of your questions.

There are plans readily available with a range of costs and benefits, and with different conditions available through many different insurance companies. In case any emergency medical treatment is needed, have all the expenses listed in itemized bills to make a claim in the US.

So make sure that emergency evacuation is fully covered in any insurance that you buy. The watchword in international travel medical insurance should be prudence and attention paid to the smallest of details. Keep handy the addresses and phone numbers of the persons who are to be notified in the event you need to make a claim.

Getting low cost or cheap health insurance is certainly a good possibility without giving up any quality care you might need away from home. Medical insurance is a must for all travelers going out of their home country.

Remember that your greatest financial risk while traveling outside of your home country is if you encounter any major health or medical problem; you want to avoid this with the proper coverage. You can easily get low cost or cheap international travel medical insurance quotes online. If you already have travel insurance, check to make sure that it covers major medical expenses.

International Travel Medical Insurance – Do I Need One?

First, let’s define what an International Travel Medical Insurance is. International Travel Medical Insurance is a short-term medical insurance plan that provides among other things medical coverage associated with international traveling. It is sometimes known as Travel Medical Insurance for short.

Do not confuse Travel Medical Insurance with International Health Insurance which typically is an annual plan that provides more comprehensive medical coverage for people living abroad. This is sometimes known as the Expatriate Health Insurance or Global Health Insurance.

The following are some of the typical benefits found in International Travel Medical Insurance:

  • Reimbursement of eligible medical expenses,
  • Trip Interruption,
  • Lost checked luggage,
  • Emergency medical evacuation,
  • Emergency reunion,
  • Emergency dental,
  • Accidental death and dismemberment,
  • Return of remains.

More and more International Travel Medical Insurance plans are also providing the following additional benefits as their standards:

  • Terrorism coverage,
  • Hospital indemnity (or hospital daily cash),
  • Complications of pregnancy,
  • Acute onset of a pre-existing condition,
  • Natural disaster,
  • Travel assistance such as pre-trip health and safety advisories, emergency cash transfers, lost passport or travel document assistance, bail bond assistance, etc.

Some may even provide:

  • Incidental home country coverage for a short return to home country during coverage period,
  • End of trip home country coverage of say, an additional 30 days at an extra premium.

Just like all medical insurance plans, there are deductibles, coinsurance percentages and overall maximum limits associated with International Travel Medical Insurance. Different levels and combinations of these benefit features will give rise to different premium rates.

The detailed explanations of these benefit items are beyond the scope of this paper. For more information, readers are encouraged to refer to the link provided in the resource box.

Now back to the question of “Do I need an International Travel Medical Insurance?” Before we answer this rhetorical question, let’s examine some of the real risks associated with international traveling. We are talking about risks of:

  • Not knowing where to go or who to turn to when you have a medical situation in a foreign country;
  • Exposing yourself and your loved ones to sub-standard medical care that may further exacerbate your pain and suffering and putting your life at risk;
  • Emergency situations that develop due to act of war, terrorism or natural disaster.

Unfortunately, the above calamities are real in the world that we all live in today. From the financial point of view, it is not wise and illogical for an individual to assume all these risks. Furthermore, some of these risks are far beyond financial and in the case of an emergency it could mean live or death.

In short, whether you travel for business or pleasure, international travel involves risk. You may arrive at your destination to find that your luggage with personal items has disappeared. A personal emergency may necessitate your early return to your Home Country. A medical emergency may require hospitalization or even air evacuation. In most cases, your existing insurance will not provide adequate protection for these and other risks. Without appropriate travel insurance, you may be exposed to significant financial risks.

Fortunately, with a quality International Travel Medical Insurance plan, the above risks can be mitigated cost effectively. For example, you can get U$1,000,000 International Travel Medical Insurance coverage at as low as $1.50 per day. This is probably less than the cost of a bottle of mineral water!

So, do you need an International Travel Medical Insurance to cover you and your loved ones? The answer is obviously!

 

Go see the world, but don’t leave home without a good International Travel Medical Insurance!

How To Find The Best International Travel Medical Insurance

The typical domestic travel insurance plans are not designed to function well with hospitals and doctors overseas, which can add to your frustration if you have problems while traveling. Your greatest financial risk while traveling outside of your home country is the possibility of having any health or medical problems. And international travel for business or pleasure keeps growing at a fast pace and is not going to change in the near future.

To reiterate, the most serious problem that international travelers face when on the move is the possibility of having a medical problem in a foreign country. The right international travel medical insurance goes a long way in taking care of the problem. International travel health insurance offers temporary medical or health insurance for US citizens and foreign nationals when traveling anywhere outside their home country.

When you get ready to choose a plan, first assess the requirements, the risks involved, the costs and various options that are available, and then make a compromise wherever necessary. When you do eventually travel, in case any emergency medical treatment is needed, have all the expenses listed in itemized bills to make a claim in the US. There are a few group insurance plans that are fairly cheap, and if you’re with a tour group or a visiting business delegation you could save quite a bit of money with group travel health insurance.

The time frame on your insurance policy needs to be restricted to the actual time that you’re out of the country; the shorter duration will certainly reduce the cost. Make sure that the insurance covers hospitalization, doctor bills and medications. When you go with a reputable insurance company, it will take the financial worry of horrendous medical expenses out of your travel.

Many of the international insurance companies have a multi-lingual staff and on-site medical staff that are available 24 hours a day, seven days a week for their policyholders for consultation and medical emergencies. There are international travel medical insurance plans readily available with a wide range of costs and benefits, and with different conditions available through several insurance companies.

Evaluating and treating someone who has met with an accident or become ill in an isolated place can be expensive. Choosing the right plan obviously involves taking some risks, but people who do so are rewarded because the cost of their travel insurance also becomes cheaper. Make sure that the coverage is in place before you go abroad.

Medical costs all around the world are skyrocketing, due mostly to the advances in specialized equipment and the cost of advanced medicines and also training specialists in a number of fields. Make sure to keep handy the addresses and phone numbers of the persons who are to be notified in the event you have to make a claim. Some international travel medical insurance plans don’t accept hazardous trips that include mountain climbing or skating.

If you already have travel insurance, check to make sure that it covers any major medical expenses, most do not. Whether you need coverage for a vacation or your relatives are visiting you from the old country, you want to make sure you have the proper coverage for any unforeseen major medical expenses.

Today you can easily get low cost or cheap international travel medical insurance quotes online. Make sure that evacuation coverage is included in your plan, because that can be a monumental expense. You don’t want to have to get someone out of a difficult location such as a cruise ship, mountain top or African safari without insurance because it can be costly. International travel health insurance is an important travel necessity for individuals and families when they live or travel outside their home country.