Going Overseas? Many Ask: Why Do I Need Travel Insurance?
There are many things to prepare when traveling overseas. For example, it’s important to make sure your passport is still good for at least six months, you have a visa if necessary, your vaccinations are up to date, you have purchased travel health insurance, and the list goes on.
This may cause you to ask, “why do I need travel insurance? I’ve never had a major medical concern when traveling overseas.” We often hear this from people inquiring about travel medical insurance.
That may be the case for travelers most of the time. But what about those who have medical conditions while traveling outside their home country? How will they pay for their medical bills? And what if an accident happens?
Read this article to discover the top five reasons why you and I need travel insurance regardless of what you plan to do while overseas.
Reason #1: Domestic Insurance Doesn’t Cover International Travel
Most U.S.-based health insurance plans only provide medical coverage within the domestic United States. Their network of medical providers is only found in the United States, so any doctor or hospital outside of the U.S. is out-of-network. Which means you pay for everything, and the insurance company pays for nothing.
Therefore, if you are sick or need medical attention at any time while traveling overseas, your domestic insurance will not cover any expenses. Also, countries with nationalized health insurance only provide coverage to their citizens and those with legal resident status. Travelers can still get medical care, but they are not protected and will have to pay out of pocket.
The only way to be protected while traveling is through purchasing travel health insurance before you leave.
Reason #2: Medical Care is Expensive Overseas
It’s true that the United States has the most expensive medical care in the world, while other countries have very affordable health care. If so, you may ask, “why do I need travel insurance?”
Medical care may be less expensive in other places, but it can still create a significant financial burden. A hospitalization could still set you back thousands of dollars. This is especially true in places like Europe and parts of Asia.
If your issue is very urgent, you may need to be medically evacuated to a place that will give you the care you need. Medical evacuation can easily cost more than $30,000! We had an evacuation take place for one of our guests from one Asian country to another, and guess what? That evacuation cost around $65,000!
How much of that $65,000 did our client have to pay for that evacuation benefit, besides the annual premium? Nothing! Not one single penny!
All evacuation benefits with Good Neighbor Insurance cost nothing if you need to use this benefit. Pretty awesome, right?
I don’t know about you, but I would rather spend my hard-earned money on enjoying my vacation than paying hospital bills.
Reason #3: Unfortunately, Accidents Happen
Most of us have never experienced an accident or medical emergency while traveling. Be thankful! Not everyone is so lucky.
We have served thousands of travelers over the years and have heard far too many tragic stories. Some people have fallen and broken a bone, gotten into a car accident, caught a serious illness, while others have been victims of robbery.
We encourage you to be as careful as possible while traveling, but there are some things that are out of our control. The safest thing we can do is stay protected through buying a travel health insurance plan.
We sincerely hope you never have to use your medical travel insurance. But if you do, isn’t it better to pull your travel medical insurance card out instead of your credit card when you need it for your overseas medical care? We believe it is.
Reason #4: Peace of Mind and a More Enjoyable Trip
There are many benefits to carrying travel health insurance. One of the greatest is your family being protected from financial ruin.
Another benefit is you and your loved ones being able to travel having peace of mind. This will allow you to be able to relax and enjoy your trip knowing you are protected. This peace is something you can have for just a small price.
Reason #5: It’s a Wise Investment
Yes, travel health insurance costs money. It isn’t free. However, it’s probably cheaper than you think.
You can purchase high-quality travel insurance with a $0 deductible and high levels of coverage for only around $2-$3 per day! That means if you travel for an entire month, you can spend less than $100 while not having to pay anything for a $250,000 hospital bill!
If you ever ask, “why do I need travel insurance?” The answer is that it’s a wise investment. If you ever need to use it, you will certainly agree.
At Good Neighbor Insurance, we have many different plan options to meet your specific needs. We can also customize certain plans to fit your situation. Get your travel plan today!
All of us at Good Neighbor Insurance wish you safe and amazing travels, wherever your next adventure takes you!
