Typical International Insurance Questions and Answers
For more specific questions and details answers, please visit our Discussion Board for International Insurance.
What products are available?
Traveling abroad comes with risks, both financial and medical. Although planning for every possible contingency is impossible, travelers can reduce the risks and/or the cost of a medical emergency by considering the purchase of 3 types of insurance for their trip: Travel (or Trip) Insurance, Travel Health Insurance, and Global Medical plans. These insurance policies can be purchased before a trip to provide coverage in the event of an illness or injury and may be of particular importance to travelers with chronic medical conditions. Basic accident or travel insurance may even be required for travelers to certain destinations.
What are the Benefits of Travel Insurance
Travel Insurance protects the financial investment in a trip, including lost baggage and trip cancellation. Travelers may be more likely to avoid travel when sick if they know their financial investment in the trip is protected. Depending on the policy, this type of insurance may or may not cover medical expenses abroad, so travelers need to carefully research the coverage offered to determine if additional travel health and medical evacuation insurance is needed.
When Should I Upgrade to a Travel Medical Plan?
When traveling internationally your private health insurance coverage may not fully meet your health needs while you’re in another country. Some policies may restrict the coverage available to you outside of the U.S. and a Travel Medical policy helps supplement your current coverage while you are outside of your home country.
Travel Health plans provide medical coverage for travelers for a short period of time. Most people purchase these plans when they leave the country for international trips during business, holiday or vacation. Short-term travel health plans may not be renewable.
Why Buy Global Medical or International Health Insurance?
For individuals, expatriates, families or groups who will be abroad for an extended period of time (typically 2 years or more), a Global Medical Plan may be the best option. Typically, these are annually renewable plans covering the insured individual for a period of 12 months (or one year). These plans are comparable to the standard medical plans you might receive from your employer.