Most travel medical insurance plans can be purchased for the exact number of days you are traveling for, with a minimum of 5 days. Therefore, the longer you are traveling for, the cost of insurance would be higher.
Naturally, as the person gets older, there are more chances of they getting sick. Therefore, older the traveler, the cost of travel insurance would be higher.
Most travel insurance companies have the age brackets like 30-39 years, 40-49 years, 50-59 years, 60-64 years and so on.
Deductible is the amount you will have to first pay before the insurance company generally pays for eligible medical expenses. Therefore, higher the deductible, lower the cost of travel medical insurance. Various deductible options such as $0, $100, $250, $500, $1,000 and more are generally available.
Policy maximum is the maximum amount of money that the insurance company will pay for eligible medical expenses. Therefore, higher the policy maximum, higher the cost of travel medical insurance. Various policy maximum options such as $50,000, $100,000, $500,000 and more are available, depending upon the age of the traveler.
A few travel medical insurance plans offer additional optional coverages such as hazardous sports rider, accidental death – increased benefit rider and so on. Depending upon what riders traveler chooses, the cost of travel medical insurance will increase.
While it is always recommended to purchase travel health insurance when traveling to a foreign country, there are a few situations where the travel medical insurance is mandatory by law.
If you are traveling to one or more Schengen countries (numerous countries in Europe), and if you need Schengen visa or if you will be staying for over 90 days, you will need Schengen Visa Insurance.
Exchange visitors to the US traveling on J visa require J Visa Health Insurance.
Since the start of COVID-19 pandemic, numerous countries require sufficient travel medical insurance before they allow travelers to enter their country. Such a list keeps changing.
When traveling to certain remote destinations or when traveling as part of an organized group tours, work and travel programs or missionary trips, travel medical insurance may be required.
If traveler were to get unexpectedly sick or injured while traveling abroad, they would be covered for eligible medical expense.
If traveler were to get an injury to your sound natural teeth while traveling, they might get a limited coverage.
If traveler were to get seriously sick or get into a major injury or an accident, the local hospital may not have the adequate healthcare available. In such cases, travel medical insurance can provide the transportation to the nearest place where such healthcare can be provided. Such transportation is usually in an air ambulance.
In an unfortunate situation of the traveler passing away while abroad, travel medical insurance can make arrangements to bring the body back to the country of residence, and in some cases, provide the coverage for local burial or cremation.
While traveling abroad, if the traveler’s eligible family member were to get seriously sick or die, or if the traveler’s primary residence would experience substantial damage such as in fire or flood, travel medical insurance can help cover the additional expenses incurred making the travel arrangements in getting back home earlier.
Depending upon the insurance plan, the traveler may get the coverage for loss of checked luggage, and more.
If the traveler were to pass away in an accident while traveling abroad, their beneficiary would get a certain sum of money.
