The world is getting smaller. Airplanes connect virtually every city on the planet. People are taking advantage and heading out to explore. In 2016 alone, Americans spent a total of $246 billion on international travel.
But what if something goes wrong on your trip? What if you get sick or fall and break a leg?
It may surprise you to know that your regular medical insurance may not cover you in another country.
That’s why international medical insurance is so important.
International Medical Insurance
What is international medical insurance? This type of insurance comes with travel insurance policies. Its purpose is to pay for any medical expenses you incur while out of the country.
International medical insurance does not pay for long-term medical care. If you fall ill while out of the country this insurance will cover you for a specific period.
As soon as you are well enough to travel you must return to the US. As soon as you enter the country, coverage ceases.
What Does It Cover?
International medical insurance often comes with travel insurance plans. When shopping around, find out what the plan that interests you will cover.
Common coverages include:
- Flight cancellations and other trip-related cancellations
- Lost luggage
- Lost personal belongings
- Emergency medical care
Be sure to find out what’s included so there’s no surprises later. You don’t want to be thinking you’re covered only to discover that you aren’t when you need it.
Group and Student Plans
What’s a good way to save money on international medical insurance? Individual plans are almost always the most expensive. Check to see if you are eligible for a group or student plan.
Companies will have different requirements for group size and the plans they offer. But many will offer a discount if the minimum required number of people sign up together.
This is also a great way to ensure that everybody in your group has adequate travel insurance coverage.
Many universities require their students to buy travel insurance before traveling with them. Some schools make it easy and offer a plan that the student can buy through the university.
This plan is often at a discounted price.
Not all universities have this option. In that case, you will have to research companies on your own. When you talk to the insurance representative be sure to ask what discounts they offer for students.
There are many online resources that help with finding good travel insurance. A great place to start is with The US Travel Insurance Association. Online comparison tools make it easy to find the right plan for your needs.
Life happens. Insurance is the best way to make sure it doesn’t knock you down. A fun trip can turn into a nightmare if something goes wrong.
Not every traveler buys travel insurance. But if something goes wrong you could end up using all your reserves and then some.
The peace of mind is invaluable.
For more information, don’t hesitate to contact us.