What is Travel Medical Insurance?
Travel medical insurance is a type of international insurance for travelers who are leaving their home country designed to cover emergency health care costs and evacuations incurred while traveling or vacationing abroad.
Depending on the company selling it, it is sometimes called International Medical Insurance, International Travel Insurance, or Worldwide Medical Insurance.
Is Travel Medical Necessary?
It is worth getting because travel medical insurance is what will provide you with medical coverage when you get sick or injured, reimburse you when your camera breaks, your flight is canceled, if lose a bag, or something is stolen.
How is Travel Medical different from other types of insurance?
These plans are for travelers leaving their home country that are concerned with coverage abroad. Many insurance plans don’t cover you once you leave the US, and an accident or illness abroad would not be covered.
It has some trip insurance benefits in some plans
Some medical plans offer a few trip insurance-like benefits such as minimal trip interruption coverage, coverage for lost or delayed baggage and even trip delays.
This is a nice additional benefit, but if you are looking for true trip insurance benefits you should look at that type of plan.
What does is cover?
The following coverage is typically found in a Travel Medical insurance plan.
- Reimbursement for unexpected medical and dental costs due to emergency medical care due to an accident.
- Coordination of and payment for emergency medical evacuation services, including medical care providers to attend to you until you reach an appropriate medical care facility.
- Reimbursement for Baggage Loss/Delay in the event that your luggage is lost, delayed, or stolen.
- Flight Delay/Cancellation pays for accommodations, meals, and new travel arrangements once you’ve been delayed a certain amount of time
- Travel Document Protection help you replace a passport or other travel documents when they’re lost or stolen.
- Travel Cancelation/ Interruption coverage in case you need to change your travel arrangements.
What are the types of Travel Medical Insurance plans?
Travel medical plans come in three types:
- Single trip travel medical (the most commonly purchased) – this is coverage for a single trip up to six months. It covers the length of the vacation and is paid for up front.
- Multi-trip travel medical – this coverage is for multiple trips and often purchased in 3, 6, and 12-month segments.
- Long-term major medical – this is continuous medical coverage for the long term traveler and typically paid on a monthly basis. These plans can often be renewed.
How much does Travel Medical Insurance cost?
A typical single trip travel medical plan can range from $100-$200 for a relatively short trip. In general, the premium amount for a travel medical plan is based on:
- The length of the trip
- The age of the traveler
- The medical and evacuation coverage limits
While some travel medical plans will cover a few package-like benefits, the typical travel medical plan does not cover trip cancellation, trip interruption, baggage loss, travel delays and other benefits typically associated with package plans. Travel medical plans are meant for the overseas traveler seeking medical insurance protection outside their home coverage network.
How to buy Travel medical Insurance?
You have two options for buying travel insurance – the best option is to compare plans from all companies, get quotes, and purchase your travel insurance plan:
- Compare plans from all companies: Compare travel insurance plans from all companies, get quotes, and buy online.
- Quote and buy direct: Review the travel insurance companies and plans and purchase directly from the company.
Travel Insurance Companies and Comparison Sites?
Here are several established travel insurance companies and comparison sites from which you can consider buying a policy (these are ONLY RESOURCE, not recommendations):
Be sure to read all terms and conditions carefully to be sure the policy provides the types of coverage you’re looking for and is valid in Mexico. And don’t be afraid to ask an expert there to help you choose a policy.