Jeffrey Wade
Travel medical insurance is a type of insurance that provides coverage for medical expenses incurred while travelling. It can be purchased as a standalone plan or as part of a comprehensive travel insurance package. This type of insurance is ideal for those who want emergency medical coverage while travelling but do not need additional benefits such as trip cancellation or delay coverage. Various companies offer travel medical insurance, including Allianz Global Assistance, Travelex Insurance Services, Generali Global Insurance, InsureMyTrip, UnitedHealthcare, and IMG. These plans can vary in terms of coverage limits, with some offering coverage from $50,000 to $2,000,000. It is important to carefully review the different policies and choose one that best suits your needs and travel plans.
| Characteristics | Values |
|---|---|
| Companies offering medical trip insurance | Allianz Global Assistance, NerdWallet, Travelex Insurance Services, InsureMyTrip, UnitedHealthcare, IMG |
| Type of coverage | Comprehensive travel insurance plans or standalone plans |
| Coverage limit | Typically ranges from $50,000 to $2,000,000 |
| Coverage area | Outside of the insured's home country |
| Coverage duration | Single-trip or multi-trip |
| Other benefits | Trip cancellation, trip delay, rental car coverage, accidental death and dismemberment, dental coverage, baggage loss, etc. |
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What You'll Learn
International travel medical insurance
When considering international travel medical insurance, it is essential to review your current health insurance plan to understand the extent of your coverage while abroad. Some health insurance plans may offer limited international coverage, but it is crucial to confirm the details. Additionally, certain countries may require travellers to purchase travel health insurance as a condition of entry, so it is important to check the requirements of your destination country.
There are several reputable companies that offer international travel medical insurance plans. These include:
- Allianz Global Assistance: They offer the OneTrip Emergency Medical Plan, which provides emergency medical coverage and other benefits for travellers.
- IMG: They provide a range of plans, such as Patriot Lite, Patriot Plus, and Patriot Platinum, offering worldwide coverage, international claims specialists, and 24/7 emergency assistance. IMG also caters to specific groups like international vacationers, relatives visiting from overseas, and international students.
- GeoBlue: As an independent licensee of the Blue Cross Blue Shield Association, GeoBlue offers international travel health insurance plans with features like 24/7 access to assistance companies and coverage for medical evacuations.
- UnitedHealthcare Global: Their SafeTrip travel protection plans include medical coverage, trip cancellation, evacuation, and other customisable coverage options.
- Travelex Insurance Services: They offer single-trip travel insurance plans (Essential, Advantage, and Ultimate) that include medical benefits, trip cancellation, and interruption protections.
- Seven Corners: They provide comprehensive Trip Protection plans (Basic and Choice/Elite) with varying levels of medical coverage, trip cancellation, and other protections.
When selecting an international travel medical insurance plan, it is important to consider your specific needs and preferences. Some key factors to consider include the duration of your trip, the countries you will be visiting, any pre-existing medical conditions, and the level of coverage required (single-trip or multi-trip coverage). Additionally, review the benefits and exclusions of each plan carefully to ensure it aligns with your requirements.
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Single-trip insurance
Several companies offer single-trip insurance plans, including Travelex Insurance Services, Travel Guard, and Allianz Global Assistance. Travelex offers three single-trip insurance plans: Essential, Advantage, and Ultimate, all of which include trip cancellation and interruption protections, as well as medical benefits. The Ultimate plan offers the most comprehensive medical coverage, with high limits for emergency medical expenses and evacuation, and an optional upgrade for additional coverage.
Travel Guard offers single-trip insurance plans with similar benefits, including trip cancellation, interruption, and medical expense coverage, as well as 24/7 emergency travel assistance. Their plans are also customizable, allowing travellers to add on features such as rental vehicle damage coverage.
Allianz Global Assistance's OneTrip Basic Plan offers trip cancellation benefits, trip interruption coverage, emergency medical coverage, travel delay protection, and lost/stolen or damaged baggage coverage. They also offer a OneTrip Emergency Medical Plan, which includes emergency medical coverage and more.
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Multi-trip insurance
If you're a frequent traveller, multi-trip insurance is a cost-effective way to ensure you're covered for a year's worth of adventures. Multi-trip insurance, also known as annual travel insurance, covers you for any number of trips within a 12-month period, starting from the day after your purchase date.
When considering multi-trip insurance, it's crucial to compare the benefits offered by different providers to ensure you get the coverage you need. Some plans may compromise on medical coverage limits to offer cancellation coverage, while others offer high medical coverage limits but don't include cancellation coverage. It's also worth noting that US health insurance is not widely accepted abroad, so opting for higher medical coverage limits is recommended.
Some reputable companies offering multi-trip insurance include Allianz Global Assistance, Multitrip.com, Trawick International, and GeoBlue. These providers offer various plans with different benefits, such as emergency medical care, trip cancellation and interruption coverage, lost/stolen or delayed baggage coverage, and more. When choosing a plan, it's essential to consider your travel plans, the number of trips you take, and the level of coverage you require.
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Medical-only travel insurance
When travelling, it is always a good idea to have some form of medical insurance. This is especially true if you are travelling in a country with expensive healthcare, in remote areas, or will be participating in higher-risk activities. If you are only concerned with emergency medical benefits and don't need trip cancellation, trip delay, rental car coverage or other comprehensive benefits, then a medical-only travel insurance plan should be sufficient.
There are a variety of companies that offer medical-only travel insurance plans, including Allianz Global Assistance, InsureMyTrip, and Travel Guard. These plans typically include coverage for medically necessary transportation to the nearest hospital or appropriate facility following an illness or injury during your trip, as well as reimbursement for lost, damaged, or stolen baggage and personal effects. Some plans may also include coverage for pre-existing medical conditions, but this is not always the case. It's important to carefully review the terms and conditions of any plan before purchasing.
The cost of medical-only travel insurance can vary depending on the provider and the level of coverage. Policies can range from $50,000 to $2,000,000 in coverage, with the cost typically being around 7% of your overall trip cost. It's important to consider your own health insurance plan's coverage while travelling, as well as the length of your trip, when determining how much additional coverage you may need.
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Comprehensive travel insurance
Some comprehensive plans offer additional benefits, such as rental car damage coverage or financial default protection. Many plans also offer optional add-ons for an extra premium, such as the ability to cancel for any reason or a pre-existing condition waiver. These add-ons may be time-sensitive and must be purchased within a certain timeframe of your first trip payment. Comprehensive plans can also vary in their coverage limits, so it is essential to compare different plans to find the best one that suits your budget and specific travel needs.
For example, the TripProtector Preferred plan from TripProtector offers coverage for medical costs incurred due to accidents or sickness, including doctor visits and prescription drugs. It also provides coverage for accidental death and dismemberment, as well as pet medical expenses. Similarly, Generali Global Insurance offers Standard, Preferred, and Premium plans, with the Premium option being the most comprehensive, offering coverage for pre-existing conditions if certain stipulations are met.
Another example is the Travelex Insurance Services' Ultimate plan, which offers robust travel medical coverage, including high limits for emergency medical expenses and evacuation. It also provides an optional upgrade for an additional $250,000 in medical coverage. Lastly, Seven Corners' Trip Protection Choice plan offers comprehensive coverage, including primary medical coverage, trip cancellation and delay protection, lost or delayed luggage coverage, accidental death and dismemberment coverage, and even COVID-19-related travel disruption protection.
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Frequently asked questions
There are several companies that offer medical-only trip insurance, including:
- Travelex Insurance Services
- Allianz Global Assistance
- IMG
- InsureMyTrip
- UnitedHealthcare
- NerdWallet
Medical-only trip insurance typically covers emergency medical expenses, including evacuation and repatriation of remains. Some plans may also include coverage for pre-existing medical conditions, trip cancellations, trip delays, and lost or delayed luggage.
The cost of medical-only trip insurance varies depending on the company and the level of coverage you choose. Policies typically offer coverage ranging from $50,000 to $2,000,000. The cost is usually calculated as a percentage of your overall trip cost, typically around 7%.
When choosing a medical-only trip insurance plan, consider the following:
- The countries you will be visiting and whether your destination requires a specific type of insurance (such as a Schengen Visa)
- The length of your trip and whether you need single-trip or multi-trip coverage
- Your existing health insurance coverage and whether it extends to international travel
- Your specific needs and concerns, such as pre-existing medical conditions or high-risk activities
