Travel Medical Insurance
March 8th, 2009. Published under Insurance. No Comments.
Many people do not understand the importance of travel medical insurance. We do not plan for things to happen, but they can! So if you plan to go on vacation, work or study abroad you should purchase travel insurance for your length of stay.
Many people question whether it is worth the money to purchase a travel medical plan. It is a very wise investment indeed. First of all these type of plans are inexpensive. Second, the risks are just not worth taking.
Travel medical plans are typically rich in benefits that travelers would be happy about. besides the obvious benefits of covering illness and injury they also have benefits such as luggage insurance, emergency evacuation and accidental death and dismemberment coverage.
Travel insurance is very inexpensive compared to your traditional health insurance plan. A good rule of thumb is 4% of the cost6 of the trip. It will depend on factors such as age, length of stay, additional benefits and destination.
It is important for all people to get a travel medical plan if they plan to travel abroad but even more important if you have Medicare. Medicare will not pay any expenses for medical outside of the US. Most health insurance carriers will not have a international network either.
I have heard the stories of people that traveled without insurance. They are sad and scary enough that I would never do it myself! Travel medical will give you peace of mind and possibly save you thousands of dollars worth of medical care.
Most travel medical plans have a 24 hour hotline and website as a added bonus to make your travels even more enjoyable. They can help you find medical car, file claims and even inform you about the hazards you will be facing in a foreign country.
So as you can see purchasing a travel medical plan is a wise investment. It may well be the smallest investment with the greatest saving. It is there to protect your well being, finances and health. And the peace of mind is worth every penny.