Travel Medical Insurance: The Reason Why Not Many People are Buying It

Travel Medical Insurance: The Reason Why Not Many People are Buying It

These days, there is insurance for absolutely everything: your life, your car, your home, your health, you name it. The underlying theme here is if there is a chance you can lose it, make sure it is protected. If you think about it, going on a trip to a foreign country can pose a number of health risks – eating unknown foods, traveling unknown paths, you can never be sure of what you might encounter. So why is it that more people don’t purchase travel medical insurance?

Travel medical insurance is its own category – separate from Trip Insurance. Trip travel insurance protects your financial investments in a trip. This may include situations like lost baggage, trip cancellations/delays, and other unforeseen losses. Travel medical insurance protects your health and wellness throughout the trip, and can cover a range of services depending on the type of insurance plan selected. It can include coverage for medical emergency costs, emergency evacuation, or treatment for any new illness contracted during your travels. Think of it as health insurance when you travel overseas, as your domestic insurance does not cover medical costs when you receive medical care outside of your home country.

Not Many People Know About Travel Medical Insurance

A lack of knowledge about travel medical insurance and assumptions about the costs may lead travelers to overlook the need. It’s rather common to think that if a situation arises in a foreign country, you will be treated at a medical facility similar to when you are at home. The costs might slip your mind, but you assume they won’t be too much. This couldn’t be further from the truth, and you could end up with a hefty medical bill on top of the traveling costs you’ve already accrued. Travel medical insurance will cover for medical mishaps that may happen, and protect you by lowering your out-of-pocket expenses. The last thing you want to worry about while on vacation is more bills!

Travelers Assume Their Domestic Health Insurance or Medicare Will Cover Overseas

Another common misconception about travel insurance is the assumption that domestic health insurance or Medicare will cover you abroad. This is not the case, as medical facilities in other countries do not have access to your insurance plans back home. A foreign healthcare facility has no ties to your personal medical insurance, and therefore cannot bill a hospital or clinic back home for a treatment that did not come from that facility.

Travelers Believe Nothing Will Happen to Their Health

Many travelers may feel that if they take precaution and have emergency supplies available, that they will be protected with their own resources. Thinking that nothing is going to happen to you is risky. While traveling, you could drink contaminated water, find yourself in the middle of a natural disaster, or slip and fall. Even a small mishap can turn into a medical emergency. It’s safe to say that anything could happen and leaving your safety in fate’s hands is never the best option.

Travel insurance might be expensive, but not investing in insurance and running into emergency situations where medical treatment is necessary will end up putting a greater hole in your wallet. While visiting a foreign country can be fun and exciting, it can also land you in unpredictable situations and not making sure that you are protected can be a big mistake. Get a quote and learn more about international travel medical insurance in order to find a plan that best fits your needs.

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