Medical travel insurance covers unexpected illnesses and emergencies that would otherwise cost you thousands of dollars. A consultation with a physician, ambulance ride to the emergency room, medical treatment, and hospitalization in the US can quickly rack up a bill in the thousands of dollars. If you don’t have insurance, you’re out of luck, and will have to foot the bill. Medical travel insurance is a necessity for long-term trips to the US.
Depending on your needs, medical travel insurance can cost anywhere from $40 per person per year to millions of dollars. Policy maximums vary, but you should look for a policy that covers the time you’ll spend in the US. For example, if you’re going on a vacation to the beach, you’re not likely to need medical care. If you’re traveling for business, a more comprehensive policy can be double the cost of a short trip.
The cost of medical travel insurance increases as you get older. It’s because older travelers are more likely to experience medical problems and seek medical attention while on vacation. Therefore, the higher the premiums, the higher the costs. The same principle applies to deductible amounts. The higher the deductible, the higher the costs you’ll pay if you have an emergency. If your trip is shorter, lower the deductible.
In addition to medical travel insurance, homeowners insurance and renters’ insurance can also cover the expenses of accidents and sickness. Travel medical insurance also includes terrorism and hazardous activities. The policy is designed for those who travel outside their country. A PPO network doctor has a relationship with the insurance company. For more comprehensive coverage, consider a comprehensive plan. A medical travel insurance plan provides 80/20 coverage. Term life benefits are included, but it may be wise to add them on top of a standard travel medical insurance plan. If you plan to take an extended vacation, it’s a good idea to buy the insurance ahead of time.