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e-Marginalia: Travel Beyond the Margin
Does this sound familiar? You return from vacation and the first thing you do is call or email your best friend. You are brimming with exciting news, practically bursting to give a full report on the adventure you just enjoyed. And for a couple of...
Home Travel Agent: Will I Be Able To Live On My Home-Based Travel Agent Salary?
Does travel to places like Fiji, Rome, Italy, Hong Kong, Bora Bora, Paris, London, and Australia sound like something you want to do? Would you like to stroll on secluded beaches, dine in quaint little restaurants, or wander around in ancient...
How To Save Money When Traveling
Do you know you can go on a 7-day cruise for half the price?
Or visit Europe for 15 days for only $2,000 per person including airfare, hotels, car rental and meals?
If you follow these steps, you can save more up to 50% in travel expenses....
Travel Health Insurance: Reimbursement Depends On Following The Rules
(NC)—Travelling, whether for business or pleasure, involves risk. A personal emergency may necessitate an early return, or you may need hospital treatment or air evacuation due to a medical problem. Travellers should be aware that the Ontario...
Travel Tips For Canada
What to Do Before Traveling to Canada
Generally, when people travel abroad, the incidence of violence,
crimes, and risks do happen. In fact, it happens everywhere
especially when the person is not aware of it. That is why it is
extremely...
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International Travel and Health Insurance
Embarking on Your Dream Vacation
Are your Plans Complete?
Your bags are packed, passport and papers in order and you couldn’t be in a higher state of excitement preparing for travel to that wonderful, exotic location. This is the vacation you have planned it seems forever. As you sit on the plane, you and your partner discuss for the hundredth time the scuba diving you will do, the awesome rock climbing and hikes into the rain forest. Everything is perfect!
Life seldom gets better than this.
Despite all the excitement of travel, Americans do have some concerns.
According to a survey by the Chubb Group, more than 70% of Americans surveyed said their greatest concern when traveling is suffering a medical emergency...more than double the fear of being mugged (30.7%), three times the fear of being injured in a terrorist attack (23.4%).
What happens if a medical emergency arises when traveling overseas?
Many people assume that while they are out of the U.S. or Canada they will be covered by their standard medical plan. However, most traditional health insurance plans are not designed for international travel.
According to the U.S. Department of Commerce, approximately 27 million travelers board U.S. airlines for overseas destinations and almost 26
million foreign travelers come to the U.S. each year. However, many are not prepared for a medical emergency abroad.
Most traditional health insurance plans would not cover an unexpected illness or injury during international travel. But travelers with international medical insurance would have protection for scenarios ranging from a local ambulance trip to an emergency evacuation for care at the nearest qualified medical facility. Some even offer repatriation flights out of the country where the traveler is located back to the US.
Available plans can cover individuals or groups for specific periods of time abroad and can be in effect should they be stationed abroad for an extended period of time. There are policies for corporations to insure their personnel, plans to cover missionaries who are on an outreach program and for those participating in extreme sports. International travel medical insurance should be considered for anyone traveling or living abroad.
©David M. Schmader, Solon, Ohio January, 2005
www.brownschmader.com
About the Author
David Schmader is an independent broker agent located in the Cleveland Ohio suburb of Solon, Ohio. With over 25 years of corporate finance experience he specializes in serving the individual, professional and small business markets.
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