As summer approaches, so does vacation time. If you’re interested in international travel or already have a trip planned, here’s how to make sure you’re prepared in the event of an emergency abroad.
Vacations are expensive and unpredictable obstacles can cost even more money, whether it be missing a connecting flight, having your luggage damaged, getting into a traffic accident, or needing to go to the nearest hospital while abroad. With travel insurance, you can get many of these inconveniences covered by a policy built to best suit your needs away from home, whether traveling within the United States or internationally.
Travel insurance, such as what’s offered by Seven Corners, can cover:
- Emergency medical evacuation and return from travel location to home
- Cancellations or interruptions within the trip
- Luggage issues: lost, stolen, damaged, delayed, etc.
- Additional coverage of accidental injury expenses while traveling
With Seven Corners, travel medical insurance can cost as little as $20, depending on the kind of trip, or a full travel insurance plan can cost less than 10% of your total trip cost for domestic, international and cruise vacations. Frequent travelers have the option to purchase annual travel insurance packages for a lump sum determined by estimated trip cost and destinations.
When traveling internationally, it is important to keep in mind that the United States federal government will not assist if you find yourself or a loved one in a medical emergency in another country since Medicare and Medicaid do not cover medical expenses accrued overseas. According to the CDC, an emergency medical evacuation from another country could cost more than $100,000 without travel medical insurance. Even in a country with nationalized healthcare, the CDC warns that you could be subject to many out-of-pocket medical expenses as there is no guarantee that a non-citizen of that country would have access to such benefits.
The employee benefits team at Schauer Group can help you determine if your current health insurance will provide coverage when traveling abroad and can help with securing additional travel insurance if needed. If you have any further questions, please reach out to your Schauer Group representative.
