How Much Policy Maximum is Good for Travel Medical Insurance

How Much Policy Maximum is Good for Travel Medical Insurance

What is a Policy Maximum for Travel Medical Insurance?

Policy maximum is the maximum limit that the insurance company will be liable to pay for covered services. Depending on the type of policy you choose, policy maximum can work differently.

Per Policy Period Type: The policy maximum applies to the whole policy period.
Per Incident Type: The policy maximum applies to each incident, i.e.- each sickness or injury.

How Much Policy Maximum Do I Need for Travel Medical Insurance?

This depends on the visitor’s travel plans, overall health, age and budget. Some of the important factors to consider while choosing policy maximum include:

  1. Where you are visiting: if you are visiting more expensive places like the USA or Europe, where health care cost is high, you should consider buying a higher policy maximum coverage.
  2. Duration of the trip: the longer your trip, the higher policy maximum you should consider. If you’re traveling for only a few days, then having a million dollar policy maximum does not make much sense.
  3. Types of activities: if you are going on a road trip, taking a cruise, or are planning to take part in adventure activities like skiing, camping or hiking, you should consider buying a higher coverage, as the chances of falling sick or getting into an accident are higher.

Age Restrictions and Availability of Coverage

Insurance companies consider age as one of the major factors for health insurance. As a result, seniors don’t usually have many options for policy maximums available. The following table summarizes policy maximum Travel and visitor insurance coverage typically available for different age groups:

Age Group Available Policy maximum Approximate  Price Range (for 30days) US$
14-69 Up to $1 Million $36 to $342
70-79 Up to $100,000 $61 to $487
80-84 Up to $50,000 $142 to $511
85-99 Up to $20,000 $176 to $610

Understanding Your Travel Health Insurance Benefits:

It is important to understand the benefits associated with your plan. For fixed schedule based insurance, the policy maximum is just the overall limit but, there are internal limits to every covered service and treatment too.

For guidance on how high of a policy maximum you should choose while buying a travel health insurance or visitor insurance policy, email us at support@visitorscoverage.com.



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