With the summer travel season upon us, Mary Policky, Vice President Employee Benefits recently offered a short course on the various types of travel insurance options. Trip Cancellation, Travel Medical and Medical Evacuation all cover specific travel-related hazards. Depending on the travelers’ destination, health and other criteria, she may wish to purchase any combination of the following coverages:
Some of the most exciting trips require large deposits made far in advance. But sometimes life intervenes, and the trip of a lifetime must be canceled. These plans provide coverage for trip cancellation/interruption, baggage loss and delay, medical/dental expenses, emergency medical transportation, legal expenses, personal liability, hijack, kidnap and detention. The premium for this policy is based on the age of the travelers and cost of trip. It is important to remember that you must bind coverage within 15 days of trip deposit to get full cancellation refund.
Travel Medical Coverage
Standard health insurance policies do not cover medical expenses incurred out of the country. A sudden illness or accident could leave you with thousands of dollars in medical bills. Travel Medical provides coverage for medical expenses, emergency medical transportation as well as a small benefit for baggage loss and trip interruption. The premium for this policy is based on age of traveler and the travel time.
Emergency Medical Evacuation Coverage
While Travel Medical plans may cover the cost of a hospitalization in another country, they will not transport a person somewhere else unless it is medically necessary. Evacuation plans will provide an air ambulance transport to any appropriate medical facility of the traveler’s choice, allowing him to recover at a hospital close to home, surrounded by friends and family.
Evacuation plans also provide for evacuation and repatriation in cases of political instability or natural disaster; interpretation services, transport of mortal remains, and other emergency services. These plans are priced for annual membership, and they will be in effect for any travel more than 150 miles from home. There are no pre-existing condition requirements provided the traveler is under age 75.
Whether traveling across the country or around the world, reviewing these travel options and choosing the ones you need will help you depart with piece of mind.