Is senior travel insurance worth the money? As you’re finalizing your travel plans for the holidays, think about how travel insurance could protect you financially from many of the risks associated with traveling. When injury, sickness, accidents, a missed flight or lost luggage causes you trouble, you won’t have to pay out-of-pocket. If you aren’t prepared to take on the financial risks associated with any of these scenarios, it’s worth it to add travel insurance to your itinerary.
Seniors Have Specific Needs
As an older adult, you may have unique health concerns that may make traveling a bit more complex. For example, you may take a daily medication that’s extremely expensive, and you may not be able to obtain it affordably outside of the country. If your luggage is lost, along with your entire prescription, travel insurance will reimburse you for the expense of filling your prescription at your destination.
Also, did you know Medicare doesn’t cover your healthcare when you’re outside of the country? Travel insurance can include medical coverage that protects you in the event of an accident or illness. You can get the hospital or outpatient care you need without going home with high medical bills.
Find a Senior Travel Insurance Plan That Fits
Make sure you select a senior travel insurance that takes your specific needs into account. For instance, many plans don’t cover pre-existing medical conditions. That means if you were receiving treatment for a medical condition in the 120 days before you purchased the plan, your plan won’t cover any medical treatment related to this condition. Also, keep in mind that some travel insurance plans won’t cover medical costs that accrue from participation in high-risk activities like skydiving.
In addition, if you’re carrying valuable property like expensive jewelry in your suitcase, make sure the cash value doesn’t exceed your travel insurance plan limits. Get receipts for the value of each item and factor them into the total coverage allowance you select.
Talk to an Insurance Advisor Now
You should buy senior travel insurance at least two weeks before you embark on your trip. This will ensure you have coverage if you have to delay your plans due to medical issues or illness. The total cost of your plan will depend on the cost of your travel itinerary and the extent of coverage you prefer. Get a personalized quote today from the team at My Senior Health Plan and enjoy peace of mind knowing you’re 100 percent covered for your holiday trip.