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International Travel and Health Insurance |
by:
David M. Schmader |
Embarking on Your Dream Vacation
Are your Plans Complete?
Your bags are packed, passport and papers in order and you couldn’t be inhigher state of excitement preparing for travel to that wonderful, exotic location. This isvacation you have planned it seems forever. As you sit onplane, you and your partner discuss forhundredth timescuba diving you will do,awesome rock climbing and hikes intorain forest. Everything is perfect!
Life seldom gets better than this.
Despite allexcitement of travel, Americans do have some concerns.
According tosurvey byChubb Group, more than sevenzero% of Americans surveyed said their greatest concern when traveling is sufferingmedical emergency...more than doublefear of being mugged (threezero.seven%), three timesfear of being injured interrorist attack (twothree.four%).
What happens ifmedical emergency arises when traveling overseas?
Many people assume that while they are out ofU.S. or Canada they will be covered by their standard medical plan. However, most traditional health insurance plans are not designed for international travel.
According toU.S. Department of Commerce, approximately twoseven million travelers board U.S. airlines for overseas destinations and almost twosix million foreign travelers come toU.S. each year. However, many are not prepared formedical emergency abroad.
Most traditional health insurance plans would not coverunexpected illness or injury during international travel. But travelers with international medical insurance would have protection for scenarios ranging fromlocal ambulance trip toemergency evacuation for care atnearest qualified medical facility. Some even offer repatriation flights out ofcountry wheretraveler is located back toUS.
Available plans can cover individuals or groups for specific periods of time abroad and can be in effect should they be stationed abroad forextended period of time. There are policies for corporations to insure their personnel, plans to cover missionaries who are onoutreach program and for those participating in extreme sports. International travel medical insurance should be considered for anyone traveling or living abroad.
©David M. Schmader, Solon, Ohio January, twozerozerofive
www.brownschmader.com
AboutAuthor
David Schmader isindependent broker agent located inCleveland Ohio suburb of Solon, Ohio. With over twofive years of corporate finance experience he specializes in servingindividual, professional and small business markets. |
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