Travel insurance is a helpful investment to make before taking a trip and can be especially useful when traveling abroad. There are different types of trip protection plans available, but for those who are trying to save money on expenses, purchasing a medical only trip insurance plan can be the best option.
What is Medical Only Travel Insurance?
Medical only insurance means that the policy only covers medical expenses while traveling. It will not cover things that are covered under comprehensive policies like issues with travel plans or financial protection if a reservation needs to be canceled. These plans will also not cover lost or stolen luggage or property.
What to Look for in a Plan?
Medical travel policies have different coverage and deductibles available. When purchasing a policy, it’s important to not only consider the price of the premium, but also the other costs associated with using the policy if something happens and you need medical care. One should also carefully consider the maximum payout of the plan. It’s important to be familiar with exactly what is covered under the plan when it comes to things like emergency care, medical evacuation and emergency travel assistance.
Who Can Get Travel Protection for Medical Expenses?
Medical trip insurance is available for those who are traveling for a short holiday trip as well as those who plan on spending longer periods of time away. It’s important to look for a policy that covers the entire planned travel time as there is a price difference in polices depending on the coverage time period. Some policies may have age restrictions and may also take into account preexisting conditions. Plans may be higher for those with certain conditions, or these conditions may even exclude some applicants from receiving any type of travel medical coverage.
Travel protection that is solely for medical expenses is usually cheaper than a comprehensive plan that covers medical expenses and other travel issues. It can work well for those who are traveling for a short vacation or for the long-term traveler who needs medical protection while staying abroad for extended periods of time. It’s essential to be familiar with exactly what the chosen plan covers so as not to be surprised by unexpected medical costs. When purchasing a plan, applicants need to consider the costs of the premiums, along with the deductibles, to find the plan that best fits one’s financial situation.