Today I want to talk with you about travel insurance.
Is it really needed or it’s a waste of money?
Whether you are traveling on vacation to Europe, Mexico or have relatives visiting you in the
United States, it is good to know how travel medical insurance will help you avoid paying
big bucks for unexpected medical expenses during the trip.
In this video I will cover frequently asked questions about travel medical insurance such
as: How much it costs, where to buy, what kind plan is the best, how to find what doctors,
hospitals and clinics are in network with the travel medical insurance plans.
I will also give you step by step instructions on how to use the insurance to get the most
benefits and give you tips on what to avoid when shopping for health insurance online.
We will also look at a side by side comparison of a few travel insurance plans and I will
explain in detail the coverage and restrictions.
I will post a link under this video where you can compare various plans and purchase
a travel insurance plan.
If you have a specific question that is not covered in this video, please comment bellow
or reach out to me directly and I will help.
I am an insurance agent and know a thing or two about insurance 
Before we begin, let me tell you this – the cost of travel insurance is relatively low,
and in most cases it makes sense to pay a little money for protections that you can
get while travelling to a new country.
Some countries actually require travelers to purchase travel insurance.
In any case, the cost SHOULD NOT be the reason preventing you from obtaining travel insurance
as the protections from certain financial risks and losses that can occur while traveling
outweigh a small fee you pay for this sort of insurance.
Travel insurance is not expensive.
The losses can be minor, like a delayed luggage, or last-minute trip cancellation or it could
be quite major like a medical emergency overseas.
You can compare travel medical insurance plans on my web site.
I work with reputable companies and there are plenty of options to choose from.
If you are shopping for travel insurance it is very important to understand from the start
what are you protecting?
Is it the risk of paying big buck for medical care in a foreign country or you just want
to be reimbursed the money you paid for your air ticket or hotel.
Keep in mind that these are 2 different things… and if you only want to get your money back
for your vacation cost, don’t even bother with buying insurance.
You can either use the credit card to buy the package and get reimbursed though the
credit card company or buy the insurance directly from the travel agency at the same time you
buy the tickets.
But if your goal is to cover bigger risks and costs related to the medical care in a
foreign country, then keep watching, I will tell you all about that!
Here are a few things you should know about travel insurance:
• Benefits vary by plan.
It’s important to choose a plan that fits your needs, your budget and your travel plans.
I recommend comprehensive travel medical insurance plans.
• Travel insurance can’t cover every possible situation.
Insurance companies offers named perils travel insurance, which means it covers only the
specific situations, events, and losses included in your plan documents, and only under the
conditions described.
So, if you are planning to go ski in the Alps, make sure that your insurance company specifically
covers this activity.
• Travel insurance is designed to cover unexpected events- not things you could easily
see coming, or things within your control.
If, for example, you wait to buy insurance for your beach trip until after a named hurricane
is hustling toward your destination, your losses wouldn’t be covered.
The same thing goes for health issues… if you try to purchase travel medical insurance
after you had an accident and broke a bone or something, you may not benefit from insurance
as this could be excluded because the accident happened before you bought insurance.
The same applies for pre-existing conditions.
You have to be careful and read the details of the policy as there are exclusions for
those who have chronic conditions.
Treatment for the pre-existing condition might be excluded, but the acute onset of pre-existing
conditions might be covered; so make sure you understand what this means.
If you have questions, please feel free to reach out.
• Also, travel medical insurance covers medical emergencies.
If you are buying insurance so you can see a doctor in another country to get diagnosis,
treatment or a second opinion- this won’t be covered.
Let’s take a look at a side by side comparison of a few travel medical insurance plans.
This comparison will help us answer such questions as:
-How much does the travel insurance cost?
-What is a deductible and how does it work?
-What is covered and what is excluded from the travel medical insurance?
-How to find medical care in network with
your insurance company?
-How to
get reimbursed in case
of
a claim?