Medical Travel Insurance Plan – Know why it is important
You planned for your dream vacation to a foreign country, got everything in order, and landed there looking forward to have an amazing time. Now imagine what will happen, if some time after reaching your destination, you fall seriously ill. Obviously the next course of action will be to seek medical treatment. But the problem is, in foreign countries, medicals costs are extremely high. A sudden illness or injury due to any accident overseas will mean huge medicals bills. This medicals bill has the potential of eating up all your money that you would have kept for your normal expenses, and making a huge financial dent.
The good news for you is that, this problem can be dealt with, by simply availing an online travel insurance plan. These days, many insurance providers provide medicals travel insurance, that too at affordable premiums. Let us get to know more about medicals travel insurance.
What is a Medicals Travel Insurance Plan?
In today’s expensive world, it has become highly important to keep yourself covered against any impending emergency. Just like you buy motor insurance, it has become equally important to get travel insurance before starting your journey. Travel insurance provides the policyholder protection against exigencies like trip cancellation, loss of baggage, theft of baggage, loss of passport, flight delays, etc. By covering the cost of these unfortunate incidents, travel insurance keeps the policyholder safe and worry-free.
One of the important components of a travel insurance policy is the medical cover. Medicals insurance, as a part of travel insurance plan, means that your insurance provider will cover for your medical expenses that you incur while traveling or while you are there in the foreign country. It is an important way to save yourself from the unexpected heavy medical bills when you fall sick.
Why it is Important to Buy a Medical Travel Insurance Plan?
It has become rather imperative to buy a medical insurance plan when traveling, and the reasons for that are many:
Heavy medical cost abroad:
As stated above, in a foreign country, the charges of medical treatment are very high. This is especially true if you are traveling to countries like The United States of America or United Kingdom; the medical cost in these countries is way higher as compared to other countries. If you are going to a foreign country with a mindset of having fun and enjoyment, and you were to fall sick, not only does it bring a lot of dejection but your finances will go for a toss as well. Due to bearing a huge expense in the form of medical bills, you will be left with depleted finances. Hence, it is extremely important that you buy a travel insurance policy that includes the cost of medical expenses.
Proves to be a more inexpensive way:
It is important to understand that the premium you are going to pay for buying the medical insurance is just a small portion of your total travel expenses. And if you consider the medical cost, it has no comparison. So, it is better to be proactive and go for travel insurance.
Peace of Mind:
When you travel with medical travel insurance in hand, you are more confident, and travel with peace of mind. The possibility of getting sick in a foreign land becomes less concerning as you know that your will take care of it.
Comes with other travel insurance benefits:
Medicals cover is not the only coverage offered in a travel insurance plan. You can avail other benefits of travel insurance like:
- Trip cancellation
- Lost luggage
- Delayed baggage
- Accidental death
- Travel delays
- Flight accident
- Other losses like passport, etc.
Emergency medical travel assistance:
This service helps the policyholder to find a suitable medical facility.
Other Things to Consider while Buying Medicals Travel Insurance
Medicals travel insurance plans cover the medicals expenses due to sudden illness or injuries during your travel. You also need to make sure that your medicals travel insurance policy provides cover for a medicals emergency arising due to dental problem. Some insurance companies do not include the provision of dental care in their medicals travel insurance. And hence you cannot claim that amount when you are on an international visit. However, it is important to know that a routine dental checkup is not a part of the travel insurance coverage in medical travel insurance plans; dental trauma is.
Some travel insurance providers also cover pre-existing illnesses, but you will have to pay extra premium for this kind of coverage. Also, under a travel medical insurance policy, you are covered for both pre and post hospitalization expenses. The ambulance charges are included too.
You must also make sure that that the medical travel insurance you buy covers medicals evacuation as well. It means that your medical travel insurance policy must provide you coverage in case you are medically evacuated in an emergency situation, like from a cruise. Hence, your travel insurance should not only bear the cost of your return ticket but must also arrange for your emergency accommodation.
It is a must to carry the medical travel insurance documents with you when you travel to a different country. So that you do not have any problem in making cashless claims or getting reimbursement on time. You can buy medical travel insurance either for a single trip or for multiple trips. You can consider the latter if you have already planned your second trip within the same time-frame.
The bottom line is, finalize on a travel insurance plan once you understand its coverage in detail.