Policy Types

Short-Term Insurance for Travelers

Headed on an extended trip oversees?  Have you considered purchasing a short-term insurance policy before you go so you are covered for unexpected medical expenses while you are on your trip?

Can Short-Term Insurance Ensure You're Prepared for Anything?

You're finally treating yourself to that nice, long, European tour that you've been dreaming about for years. You'll be traveling by boat, plane, and train, and hitting as many different countries as you possibly can in three weeks' time. There's plenty of exciting new travel challenges that lie ahead, but are you prepared for everything? If you'd like to safeguard yourself against the unexpected, consider purchasing short-term insurance for travelers. There are a variety of types of short-term insurance policies. For the purpose of this article, short-term insurance refers to short-term health insurance.

What is short-term insurance?

In its most basic form, a short-term insurance or single trip insurance policy simply provides coverage for unexpected medical expenses that you incur outside of your home country, and may also include some amount of evacuation insurance, as well as flight and baggage insurance, or some degree of trip cancellation and interruption insurance for the full duration of your trip. A more comprehensive short-term insurance policy for travelers will include all of the above. Short-term policies usually last anywhere between 31 and 180 days, which makes them ideal for long trips or short-term stays abroad. There's quite a variety of additional, supplemental short-term coverage options available for travelers, including accident insurance, identity theft insurance, and accidental death and dismemberment insurance. There are even special types of coverage for people who regularly participate in adventure sports.

Do I really need short-term insurance?

Before your purchase a short-term insurance policy, you should find out if and to what extent you're already covered under other insurance policies. If you're traveling for work, you might already be covered under a company healthcare or travel insurance policy, so be certain to check with your employer before you travel. You should also check with your health insurance provider to find out what kind of coverage you have, if any, when you travel outside of the U.S.

Be aware that some short-term insurance policies for travelers will require you to pay for some expenses out of pocket and then wait to be reimbursed. If that's not something you can actually afford, it's important that you find a policy that will pay such expenses directly. Relatively young and healthy travelers should have no problem finding an affordable short-term insurance policy, but travelers over the age of 65 should expect to pay more for coverage. Moreover, since Medicare doesn't extend coverage overseas, it might be a worthwhile expense. If you plan to travel abroad several times during the course of one year, a multi-trip insurance policy will probably be a more cost-effective option for you.

If you feel you could be better prepared for the unexpected, be sure to visit our Protective Learning Center, for a wealth of advice about life insurance coverage options, money management, and asset protection.

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