Medical Insurance Comparison Of The Most Trusted Companies And Their Features
There are a lot of different types of policies when it comes to travel insurance. There are single trip travel insurance policies, annual travel insurance policies, and then it becomes more specialized with considerations such as age, activity, and the country which you are travelling to. The major difference with single trip policies is that they tend to be a little less expensive.
When planning your holiday, one of the most important elements of your travel insurance will be medical coverage.
Overseas Medical Insurance Comparison: Covering the Basics
Whatever policy you decide will suit you, your family and your travel plans, it is important to ensure that the basic or core parts of the policy are what you and your family need. You need to take the time to perform a proper medical insurance comparison.
Medical Insurance Comparison
Emergency Medical care, this means that regardless of where you are in the world, you will be covered for emergency medical care. Be sure to check both the deductible you are going to be expected to pay and the amount that you are covered for. The amounts always seem to look like a lot of money until you consider that the average cost in the USA for a hip operation, is around $30,000. This is just the immediate emergency costs to operate, and on top of that there is the daily hospital rate, test costs, the costs of medications, nursing and one of the most expensive but also most essential costs are the repatriation costs back to your home of origin. The latter is going to cost in the region of $80-100, 000. Take a rough cost of $200,000 for the medical expenses. Then those travelling with you may have to extend their stay, arrange new flights home, contact people at home, even little things like they may need more toiletries. The costs could be around (for 1 week) $2 or 3,000 dollars. So if you take this as an average of what just this could cost, if your medical coverage is a top limit of $500,000, if you end up having to stay for any amount of time because you cannot be moved right away, how long would it be before you start having to find your own money for medical expenses? Not very long, will it?
This is one of those things that we don’t realize until it is too late. So when you are looking around for overseas travel insurance, think long and hard just what you want your deductible to be. Then think about what your minimum coverage needs to be.
Medical insurance comparison is very important. You should also make sure that you get 24 hour assistance. Accidents rarely happen from nine to five, so you might need help at anytime day or night. It may be wise to also check if you will be able to get hold of someone who speaks the local language if you do not. You need to be able to speak the language fluently, not just be able to ask the way to the station.
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