Tips on Travel Insurance Inside or Outside the U.S.
Traveling can be unpredictable; even more so for two classes of travelers: seniors and those with a disability. Thankfully, there are insurance specialist providers that offer travel insurance or travel assistance for those with mobility issues or a history of disease. You might want one if you travel far from home frequently or when traveling outside the U.S.
Travel assistance or travel insurance?
- Travel assistance provides support services in case of an emergency while traveling. They are relatively affordable, plus you pay a set rate not based on the cost of your trip.
- Travel insurance provides monetary compensation for losses that occur while traveling. It includes coverage for unexpected risks and financial losses, including cancellations, medical emergencies, missed transportation connections; lost, stolen or damaged baggage and more.
You should know
- Since Medicare does not provide coverage while outside of the U.S., check with your existing medical insurance to see if you are covered.
- Senior citizens and travelers with pre-existing medical conditions are required to buy specific travel insurance plans (which costs a little more).
- You can purchase optional riders for special concerns not covered under the plan.
- Travelers who choose a travel medical plan won’t have some of the package plan benefits, like trip cancellation coverage, but the plan cost can be a low as dollars per day.
- To receive the most benefit, purchase the travel policy within 7 to 30 days (varies by company and plan) of your Initial Trip Payment Date. If the insurance is purchased within that period, the pre-existing medical condition exclusion is usually waived.
AM Best Ratings
Look for an insurance company with AM Best’s ratings and analysis. You’ll want a company that is rated A+ (superior) or A (Excellent).
If you’re a newbie to travel insurance, get educated at www.travelinsurancerating.org (“Avoid the pitfalls” is a must read.)
This mobility safety update has been brought to you by NMEDA – the National Mobility Equipment Dealers Association. Need some information on how to make your vehicle wheelchair accessible or upgraded with the latest and most convenient features? Contact a NMEDA dealer in your local area. Your local NMEDA member is an expert in mobility equipment and accessibility!