4 reasons to consider buying travel medical insurance
Updated: Dec 22, 2019
Cost, country requirements, and language barriers are just a few factors to consider if you need travel medical insurance. Travel medical insurance is short-term coverage designed to provide emergency medical benefits in the event you become sick or injured while traveling internationally.
Travel health insurance provides coverage for key medical expenses, such as emergency medical evacuation, repatriation, emergency room visits and more.
Any reason anyone purchases insurance of any type is to protect your financial assets. While you may think you’ll save a few bucks by opting out of travel medical insurance, the cost of your claim internationally could range from a few hundred dollars to thousands of dollars, depending on the services performed. It’s also important to consider the costs of an emergency medical evacuation, which can range between $20,000 and $170,000 USD, depending on where you are located and how far you need to be transported to the nearest qualified medical facility. Can you afford these expenses? If not, you should consider purchasing a travel medical insurance policy.
It Might Be Required
Second, you may actually be required to purchase international travel medical insurance. There are a few which requires coverage while traveling internationally such as the US for students, Schengen countries, Cuba, Russia, and Antarctica. If your destination doesn't require it, it is still in your best interest to have it.
Note: Schengen countries require visa applicants to prove they have travel medical insurance to cover expenses for repatriation, urgent medical attention, emergency hospital treatment and more.
Language And Currency Barriers
You never know what type of barriers you may face while traveling in a different country. Some destinations lack access to high-quality medical care, while others pose health and safety risks for travelers. Travel to certain destinations can also introduce language and currency barriers. International travel medical coverage provides travel assistance services around the clock that offers service in any language.
Your Current Health Plan Might Not Cover You
Most people assume they will be covered by their standard medical plan or Medicare when traveling internationally, but that isn’t always the case. While traditional plans may offer adequate domestic coverage, they aren’t designed for international travel. In fact, they may offer very little coverage outside of your country of residence, and none of the emergency assistance you would require when facing an emergency abroad. Without even realizing it, you may be putting your health and finances at risk while traveling without the proper coverage.
If you're not sure whether travel medical insurance is right for you, contact KK Travel Protection today to learn more. To see what kind of traveler you are, visit our website to find out What kind of international traveler are you?