|
|
|
Is Travel Insurance a waste of money - or essential?
Ask our client who was riding a bike in Bora Bora and got hit by
a truck! There were no hospitals just a clinic where no one
spoke English, only French. He broke more bones than most people
know that they have! He was prepared for travel and...
Jet Lag - 5 Pre-travel Steps to Reduce the effects of jet lag
Ask any regular long-haul flyer about their experience of flying and you will soon discover that everyone has a different "magic" formula for overcoming or avoiding jet lag.
In reality of course no magic formula exists - and there is certainly no...
Private Aircraft Charter Services the new way of business travel
Air Broker Net is a leader in Private Aircraft Charter Service, Fractional Ownership and Aircraft Management. As an exclusive Air Charter Broker Service, they work with an expansive global network of certified operators and airports. Think of them...
Travelling To South America With A Tour Group
Travelling To South America With A Tour Group South America has magnificant beautiful areas to explore and most often people are looking for a package deal that is offered by a tour group. Is a package deal the right decision for you? If you...
Turkey Travel Tips
A Traveler's Guide to Turkey
Turkey is a unique country that lies along two continents. One
part of Turkey is part of Europe, while the rest is
geographically situated in West Asia, (also called the Middle
East). Many languages are spoken in...
|
|
| |
|
|
|
|
|
|
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.
|
|
|
|
|
|