What does travel medical insurance cover?

health travel insurance

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.

Whether you are going on vacation or just for the weekend, for business or to study, or if you need to obtain a visa, travel insurance provides you with peace of mind and the assurance that you will be covered in the event of an unexpected event.

  • Medical emergencies, evacuations, and other items, such as baggage, are all covered by travel medical insurance.
  • Trip insurance (sometimes known as Trip Cancellation Insurance or 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 (“group” insurance) or independently (individual insurance).

This guarantee allows you to be compensated if you are involved in an accident, become ill, or die while traveling abroad. This assistance can take the following forms:

  • An advance: if you don’t have any money to take out, the insurer will pay your medical bills in your place.
  • Reimbursement: In this case, you pay the bill for your care, but the insurer reimburses you in full for the expense, subject to the compensation ceiling, of course.

Some contracts include a deductible, while others do not. The first euro is then used to make payment. 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.
  • If no deductible is specified in the contract, you will be reimbursed the full 200€.

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,
  • If you are traveling to a country where the cost of medical expenses is high, even very high, as is the case in Canada, the United States, or certain Asian countries,
  • 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. Even if you have a top-tier VISA Premier, MASTERCARD Gold, or AMERICAN EXPRESS gold card, the ceilings are generally lower than individual travel insurance. If you have a “traditional” bank card, the limits will undoubtedly be insufficient in the event of an incident.