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Informative Articles

Desiya.com Redefining Hospitality Industry And Business Travel In India
India has evolved as an economic powerhouse and is now the fourth largest economy in the world. With globalization, there has been a mad rush among the corporate world to grab the Indian market and reap the benefits of cheap labor that India has to...

Eating Well on a Travel Budget
When you're traveling it can be difficult to find good food at reasonable prices especially if you happen to be staying in a big city that has an established food and restaurant culture. When you're faced with a budget, you want to try and maximize...

How To Travel The World For Free
It sounds like a dream doesn't it? Hopping onto a plane and taking a flight to the destination of your choice. Imagine collecting your flight tickets to New York, London, Goa - or wherever takes your fancy - and not having to pay a cent for...

Inexpensive Travel
Inexpensive travel can be accomplished in two basic ways. First, get the best deals on the specific things you want. This approach is very limited though. For example, if you find the lowest price on the best hotel in Honolulu at the height of the...

Travel Cambodia - Phnom Penh, Angkor Wat, Sihanoukville
Cambodia is a land on the mend. From 1977 through 1980, the Khmer Rouge ruled the country, fanatics bent on genocide. Millions were killed and the period was put to film in the movie, "The Killing Fields." Fortunately, those days are over and the...

 
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.