What does Travel Medical Insurance Cover?

health travel insurance

JjJ…Since no one is immune to a health problem or an accident while traveling, purchasing travel medical insurance is strongly advised before traveling. Especially when you’re a large number, if not thousands, of kilometers away from home. The smallest medical or unforeseen concern can quickly escalate into massive proportions and become very expensive!

Travel insurance is a contract that protects you in the event of an unexpected event during your trip abroad. Loss of luggage, accident, illness, or damage caused by others is just a few of the events that could ruin your stay. We strongly advise you to purchase travel insurance to be prepared for any eventuality. The guarantees differ depending on the contract, and it is not always easy to navigate the market’s many offers.

Travel insurance gives you peace of mind and assurance that you will be covered in case of an unexpected event if you go on vacation or a weekend trip, for business or to study, or to obtain a visa.

  • Medical emergencies, evacuations, and other items, such as baggage, are all covered by travel medical insurance.
  • Trip insurance (sometimes known as Trip Cancellation Insurance. Just Travel Insurance) covers cancellations, interruptions, luggage, delays, medical, evacuation, and other expenses.

Coverage of medical insurance during travel

Coverage of medical and hospitalization costs abroad is a basic guarantee shared by all travel insurance policies, whether purchased through a tour operator (travel medical insurance) or independently (individual insurance).

You can be compensated if you are involved in an accident, become ill, or die while traveling abroad through this guarantee. This guarantee can provide you with the following forms of assistance:

  • An advance: If you have no money to pay for medical bills, your insurer will cover the cost for you.
  • Reimbursement: This means that you pay for the care upfront, and then the insurance company pays you back. This type of arrangement is known as a “reimbursement policy, and it is a great way to ensure that you are not overspending on health care costs.

Some contracts include a deductible, while others do not. Payment is then made with the first euro.. Assume you need to spend €200 on a doctor in Canada or the United States:

  • If the deductible for a medical consultation is €50, your insurer will only reimburse you €150.
  • You will be reimbursed the full 200 if no deductible is specified in the contract.

This coverage for medical and hospitalization expenses is necessary.

This is why all insurers include it in their policies, even the most basic ones. It is even more beneficial:

  • If you are going to a foreign country where there are health risks,
  • it is important to purchase travel health insurance. This type of insurance provides coverage for medical costs, including hospitalization, emergency services, and evacuation, as well as coverage for lost or stolen items. It is important to read the fine print of your policy to understand what is and is not covered, as well as any limitations or exclusions that may apply. Ultimately, travel medical insurance can provide peace of mind and financial protection when traveling abroad
  • If you intend to rent a car in another country.

Pay close attention to the compensation limits specified in the contract. Overall, they range between €75,000 and €300,000 per insured person, depending on the policy. Naturally, the higher the ceiling, the better the coverage.

Some bank cards also cover medical expenses incurred while traveling abroad. This means that if you have a medical emergency while traveling, you could be held responsible for the costs. Therefore, it is important to consider getting an individual travel insurance policy, as it can provide coverage for medical expenses, flight cancellations, and other unexpected costs.. If you have a “traditional” bank card, the limits will undoubtedly be insufficient in the event of an incident.