If you’re going on holiday, it’s very wise to take out travel medical insurance in case something goes wrong. It’ll cover the costly medical bills you’ll face if you fall sick or get injured, or if you have to re-book because part of your trip is canceled. Without travel medical insurance, you have to pay for these eventualities out of your own pocket – and the costs can be extortionate.
The article will explore medical travel insurance, individual travel insurance, single trip travel insurance, and much more.
Table of Contents
- 1 What is Travel Medical Insurance?
- 2 What is Individual Travel Insurance?
- 3 What is One-Way Travel Insurance?
- 4 Travel Health Insurance for 6 Months
- 5 Best Travel Medical Insurance
- 5.1 Best Overall: Allianz Global Assistance
- 5.2 Least Expensive: Seven Corners
- 5.3 Best for Travelers with Purpose: IMG
- 5.4 Best for the Tech-Savvy Traveler: RoamRight
- 5.5 Best for the Adventurer: World Nomads
- 5.6 Best value travel insurance: Generali Travel Insurance
- 5.7 Best annual travel insurance: April International
What is Travel Medical Insurance?
Travel medical insurance is temporary medical insurance that covers you for the duration of your trip. It pays for emergency medical expenditures, emergency evacuations, and offers 24/7 support to help you.
When you leave your home country, your insurance might not cover you. That means once you leave, you are on your own.
And, even if your plan does contain emergency medical expenditures in a foreign country, they will never cover medical evacuation expenditures. Medical evacuations can be everything from an ambulance ride, an airlift from a remote location, or medical transport back home after a severe injury.
Additionally, those relying on Medicare are certainly out of luck. Medicare does not cover you abroad.
In short, you require travel medical coverage when you leave your home country.
How does Travel Medical Insurance Work?
You plan your trip abroad. You buy a travel medical plan for the dates of your trip. That’s it
You have 2 alternatives to obtain travel medical coverage:
Alternative A: You can purchase an individual Travel Medical Insurance policy. This would just cover medical emergencies, evacuation, and assistance services.
Alternative B: You can purchase comprehensive Trip Insurance. This covers revoked trips, but it also covers interruptions, baggage, delays including medical emergencies and evacuations.
How is Travel Medical Insurance different from Comprehensive Trip Insurance?
Many people fail to comprehend what kind of travel insurance they need. Your cruise line proposes you a plan. The booking website offers you a plan. A travel agent offers you a plan.
Your pick is between Travel Medical Insurance and Trip Insurance.
Travel Medical Insurance concentrates on medical emergencies. Trip Insurance concentrates on cancellation coverage. With a Travel Medical plan, the emphasis is on emergency medical and evacuation costs. If you are abroad and have a mishap or become sick, it would cover medical costs for you. Emergency dental treatment is typically included and emergency transportation (ambulance, airlift) services are also covered.
Emergency medical evacuations will get you out of a remote area and transferred to a place where you can obtain appropriate medical care. If you are killed or die on your trip, the repatriation coverage will make sure your body is correctly transferred home or to a funeral home in the vicinity.
With Trip Insurance, you are primarily worried about losing all of your pre-paid money if you need to cancel your trip. Trip Insurance covers canceling for the illness of a family member, storms, home fire, jury duty, job loss, etc. It covers cancellations for unanticipated and unforeseen reasons. It also covers disrupted trip where you need to come home early, lost or stolen bags, flight delays, baggage delays, medical, and evacuation.
When most people think of “travel insurance”, they think of cancellation coverage and not intending to lose money if they need to cancel.
Travel medical plans frequently consist of some coverage for baggage loss or interrupted trips, but the coverage limits are much smaller than with Trip Insurance so it is not deemed as primary coverage.
Travel Medical can also have Accidental Death and Dismemberment (AD&D) and/or term life benefits which are paid irrespective of any coverage you may have back home for a covered wound. This coverage can fill out your life insurance benefits and offer extra coverage for you or your family in the situation of a severe mishap.
Travel Medical insurance is cheaper compared to trip cancellation insurance With Trip Insurance, the cost depends on the trip cost that you are insuring. If you insure a $10,000 cruise, it will cost more than insuring a $250 flight. Since individual Travel Medical insurance doesn’t cover cancellations, the cost is much lower.
Medical plans are priced based on age, trip length, and the coverage amount. This typically sums up to a few dollars per day, so it is a very budget-friendly way to get hold of emergency medical coverage abroad. So, If you are receiving trip insurance to cover your whole trip (cancellation, baggage, delays, etc), you will also get hold of travel medical coverage. If you don’t want cancellation coverage and are leaving your home country, you should obtain a Travel Medical insurance plan.
What does Travel Medical Insurance cover?
Travel Medical insurance covers the following. This same coverage is in comprehensive Trip Insurance, but with the supplement of Cancellation Coverage.
- Reimbursement for unanticipated medical costs due to emergency medical care.
- Reimbursement for unanticipated dental costs due to an accident.
- Advance payments to medical facilities and assist get emergency medical transportation when you are wounded.
- Coordination of and payment for emergency medical evacuation services, including medical care providers to attend to you until you arrive at a proper medical care facility.
- Travel accident advantages like Accidental Death & Dismemberment (AD&D) to assist take care of you or your family if you are critically injured or killed while traveling.
- Emergency travel assistance services to help you find a local and suitable medical facility to care for your medical needs and those of your family.
Examples of Why Would You Need Emergency Medical Coverage
- You’re on a long business trip and get food poisoning.
- You trip on a rocky street and break a tooth.
- You are traveling ahead of your church missionary group to arrange housing and get in a traffic accident.
- You are traveling in a foreign country with your children and get wounded in a fall.
- You want the guarantee of having travel medical assistance services to support you in an emergency.
How much does Travel Medical Insurance Cost?
Since travel medical insurance does not offer trip cancellation and other package-like advantages, the cost of the plan is often quite cost-effective.
A typical single trip travel medical plan can vary from $40-$80 for a comparatively short overseas trip. In general, the premium amount for a travel medical plan depends on:
- The length of the trip
- The age of the traveler
- The medical and evacuation coverage limits
While some travel medical plans will cover a few package-like advantages, the typical travel medical plan does not cover trip cancellation, trip interruption, baggage loss, travel delays and other advantages normally linked with package plans. Travel medical plans are intended for the overseas traveler looking for medical insurance protection outside their home coverage network.
What is Individual Travel Insurance?
Travel insurance intended for a single individual is referred to as individual travel insurance. It covers you from travel-associated emergencies.
While selecting individual travel insurance, you can also opt from either of the two based on your travel rate.
Single Trip Travel Insurance
- Offers coverage for the duration of a single trip
- It would be perfect for you if you travel once in a while
- All your medical and non-medical problems during travel are covered
- You can choose this insurance each time you desire to travel
Multi-Trip Travel Insurance
- Offers extended coverage for around a year
- It would be appropriate for you if you are a regular flier for multiple trips
- You don’t have to sign up for insurance every single time you travel in the year
- Covers all medical and non-medical emergencies
Advantages of Individual Travel Insurance
You may not be able to keep unanticipated circumstances at bay. Traveling to a foreign land includes a lot of risks. But you can surely safeguard yourself from financial shortfalls when they do arise.
- A simple and cost-effective option for individual travelers who travel without family.
- Medical cover up to an ample amount.
- Travel advantages such as coverage of trip delays, stolen bags, and canceled flights.
- Get reimbursement to return to your homeland when emergency hits.
- Gain swift disbursement of claims.
- New and innovative packages as per your needs.
Inclusions and Exclusions of Individual Travel Insurance
Plans of different insurers differ from one another. Eventually, you need to consider a plan that is as per your usage and suits your budget.
People frequently end up purchasing a policy that covers many things but ends up paying more. You can prevent this by choosing customized plans. If you are traveling alone, then purchasing an individual travel insurance policy makes sense.
The general age limit differs from one insurer to another:
- Single trip individual travel insurance is 6 months – 70 years
- Multi-trip individual travel insurance is 18 years – 70 years
Based on the plan you choose, some common inclusions.
- Medical Benefits such as in-patient care and out-patient care.
- Cashless services for medical expenditures abroad.
- Emergency transportation and medical repatriation.
- Personal Accident and Accidental death and disability.
- Compensation for Baggage loss cover, trip delay, trip cancellation, delay of baggage.
- Added advantages such as coverage for personal liability and loss of passport are also occasionally a part of your plan.
- Hijack distress allowance triggered due to hijacking for more than a specified number of hours while on the trip.
- Covers expenditures caused if you were refused to board an aircraft due to overbooking.
- Compensation for emergency accommodation if you were unable to stay in the accommodation formerly booked because of a natural disaster.
Be sure to read the policy wordings meticulously to comprehend the exclusions of your plan.
- Full or Partial Coverage of Pre-existing diseases are typically not covered. But in some policies do offer compensation for pre-existing diseases, up to a certain percentage of the medical cover. Though, for that, the specific disease requires to be present in the list of pre-existing diseases stated in the policy document.
- Delay of baggage that arises in less than 24 hours.
- Losses that are suffered due to local/civil protest.
- Flights missed due to riots/strikes/civil wars.
- Injuries caused by adventure sports, if you are a sports enthusiast.
What is One-Way Travel Insurance?
If you’re traveling abroad and not coming back for a while, but still need your outgoing trip to be covered, a one-way travel insurance policy could be just what you need.
One-way travel insurance will cover you right until you get to your final destination, even if you’re making a few stopovers on the way.
Can You Get One-way Travel Insurance?
Of course, you can! Being insured for a one-way trip suggests you will get insured for only traveling one way, while most standard policies are for round trips.
Difference Between One-way Travel and Annual Travel Cover
One-way travel insurance can be utilized by those emigrating to a country that doesn’t require insurance for a rounded trip. One-way travel insurance has a tendency to come with a time limit, so if you’re seeking longer-term cover or you’re preparing on making multiple trips, the annual policy might be a better choice for you.
Travel Health Insurance for 6 Months
If you are going on a long holiday; backpacking around the world, on a gap year or even taking a career break, then 6 Month Travel Insurance Policy is ideal for you.
The Backpacker Travel Insurance is open for anyone up to the age of 69 for Standard and Premier Policies and up to the age of 50 for the Budget Policy.
Our 6-month travel insurance Policy is very accommodating and can be customized for independent travel, adventurous sports, and activities, or even winter skiing. It can also be prolonged after you have left if you choose to extend your trip.
Moreover, you are able to purchase this Policy even after you have left home and already traveling.
Key Features of 6 Month Travel Insurance Cover often includes.
- Cover for sports and activities.
- Emergency Medical and Repatriation Expenses
- Emergency Dental Cover.
- Cover duration of up to 24 months.
- Baggage and Personal Effect
- Gadgets & Valuable Cover
- One Way Travel.
- No return ticket requirement.
- Free Home visits.
- Policy Extensions whilst still traveling.
- Winter Sports Cover.
- Loss of Passport & Visa replacement costs.
- Money-back 14-day cooling-off period if you decide to cancel prior to departure.
Best Travel Medical Insurance
When the unexpected includes an accident or illness, travel medical insurance is there to save you. You just need to sign up for it. Here are some of the best choices for travel health insurance.
Best Overall: Allianz Global Assistance
Allianz Global Assistance provides insurance to around 40 million customers yearly. Allianz promotes affordable plans, direct advantages, and easy claims processing. Over 80% of user surveys give Allianz a 5-star rating.
The single trip medical insurance from Allianz incorporates emergency medical, emergency medical transportation, travel mishap coverage, and 24-hour hotline help. Previous ailment coverage is additionally available. Dissimilar to other travel medical insurance, this plan additionally covers nonmedical costs, as well, like travel delays, missed connections, and lost/stolen/damaged baggage.
Extra advantages include a concierge service that assists you with customized destination data and is responsible for securing restaurant reservations, event tickets, and even tee times.
Least Expensive: Seven Corners
Not all domestic health insurance plans follow you as you travel around the world, however, Seven Corners helps you in case you’re in a vehicle or boat mishap, harmed, debilitated, or even contract an infectious disease like malaria, yellow fever, typhoid, or Zika. Seven Corners reminds travelers that regardless of whether a nation they’re making a trip to has nationalized medical services, nonresidents are not entitled to nationalized health care.
That implies that in case you’re simply visiting a country with nationalized medical care, you’re still responsible for your medical care needs. Nationalized medical services just apply to residents of that nation. Seven Corners offers different plans for a wide range of travelers and excursions. The company even offers a “follow-me-home” feature that proceeds with your medical care after your trip ends.
Seven Corners caters to students studying abroad so it offers some of the minimal rates for travelers.
Best for Travelers with Purpose: IMG
IMG is aware that individuals travel for multiple reasons. It offers numerous plans with varying trip insurance medical coverage in case you’re traveling abroad for a short period of time or long term. In the event that your travel plans extend beyond conventional touring and veer into studying abroad or mission-oriented trips, IMG offers numerous plans customized according to the purpose and the length of your excursion.
Helpful to those 65 years and older, IMG has plans specially customized for senior travelers. Many travel health plans don’t cover prior conditions. But, IMG makes coverage for the “sudden recurrence” of previous conditions available.
Best for the Tech-Savvy Traveler: RoamRight
You’ll appreciate each part of your travel significantly more with a little peace of mind and financial security. RoamRight offers numerous options for trip insurance medical coverage so you can zero in on what you’re doing instead of stressing over the “what-ifs.” Additional advantages from RoamRight incorporate AD&D, dental, emergency mishap and sickness, emergency medical evacuation and repatriation of remains.
RoamRight can likewise assist you with finding doctors, hospitals, or other medical care. Policy enrollment additionally includes full access to the RoamRight application that can assist you with information related to travel, look for medical assistance and buy medication.
Best for the Adventurer: World Nomads
World Nomads offers coverage for around 200 activities, including 40 extreme activities. You’ll discover coverage past a standard disease or errant stumble. But, even World Nomads has its limits. Policies cover adventurous, not dangerous, behavior. Travel medical insurance doesn’t accommodate things like in case if you’re under the influence of drugs or alcohol or if you get on a motorbike without a helmet or a license.
A conscientious adventurer can anticipate coverage for hospitalization, outpatient treatment for medical emergencies, prescribed medicines, X-rays, and transport home (if medically necessary).
Best value travel insurance: Generali Travel Insurance
Generali was previously known as CSA Travel Protection and has a good variety of policies for domestic and international travel. In general, quoted premiums come in lower than the market average. These policies come with extra value as some of the caps are much higher than Generali’s competitors, especially the basic lost luggage and medical cost reimbursement levels.
Typical entry-level coverage: Generali’s Standard Travel medical Insurance Plan covers:
- 100% of costs for trip cancellations
- Emergency medical and dental costs up to $50,000
- Baggage loss up to $1,000
- 24-hour emergency assistance is included.
A single, week-long domestic trip with a cost of roughly $2,000 for a single man, aged 50, with no previously existing conditions was quoted at $95.
However, one common point made about Generali’s claim procedures is that the requirements for customers are more stringent than similar policies offered by other companies. Pre-existing conditions require premium policies, and unlike some competitors, children under 17 are not covered for free.
Best annual travel insurance: April International
If you are someone who takes three or four trips per year, it’s better to look into insurance policies that cover you annually rather than buying insurance for each individual trip. These policies are usually more expensive but can pay for themselves quickly if you’re a regular traveler. April’s policies generally cover a wide range of possible disruptions, both natural and manmade.
Typical entry-level coverage: April’s Multi-Trip Travel Preferred policy is customizable, but benefits often include:
- Trip cancellation coverage up to $5,000
- Emergency Medical Expenses up to $50,000
- Baggage & Personal Effects coverage up to $1,000
- Upgraded options include coverage for missed ports of call and travel delays as well as damage to rental vehicles.
A multi-trip annual policy for a single man, aged 50, with no pre-existing conditions, was quoted at $135 without any upgrades.
However, annual travel insurance policies normally offer much lower caps on various scenarios, such as missed connections. April’s annual travel insurance policies are not available in Florida, Minnesota, Missouri, New York, or Washington.
Regardless of whether your trip was a last-minute decision or something else, travel medical insurance will protect you when you are injured or sick. It’s as significant as finding the ideal place to stay. Travel medical coverage is something that you may not require but could prove to be extremely important if you need it.
For instance, if you forget to pack a bathing suit for the seashore or shoes for the strolling visit, a lot of shops can help you out. However, if you forget to buy travel medical insurance before you leave, at that point you’re on the verge of incurring some significant costs.