Must-Know Things About Travel Insurance
4.What if you have Medicare?
If you already have Medicare, you should know that Medicare does not provide any coverage for seniors who’re traveling outside the US. Medigap only pays for emergency care outside the US only for the first 60 days. So, retirees traveling for 61 days or longer are left with only two options. You may either buy private health insurance individually or through a group or simply go without a medical coverage!
5.What about American based Health Maintenance Organizations (HMOs) and Preferred Provider Organizations (PPOs)
While HMOs generally offer emergency coverage only through networks of doctors in your own state, PPOs pay for a greater portion of your medical expenses only if you go to doctors in that are listed in their network, and again, their networks are usually only local. Bottom line is, both of them do not cover you if you’re traveling abroad.
6. What do trip cancellation insurance and interruption travel insurance usually cover?
Cancellation penalties are charged if you have to cancel a trip or cut it short for any specific reason. It maybe due to bad weather, an injury, some sort of illness, termination of employment, some default of the airline or cruise or something that results in bankruptcy, or a terrorism activity. Before buying Trip Cancellation Insurance, you need to research about the different types of nonrefundable arrangements that are available for your upcoming trip. For example, if you are going to spend a huge amount of money on a cruise that is 100% nonrefundable and if you have to cancel it for some reason, then getting trip cancellation insurance would be a wise idea for your trip.
On the other hand, if you’ve paid $5,000 for a wildlife package deal to an inaccessible part of Africa and you won’t receive any refund upon cancellation, then you might consider buying both Emergency Medical Evacuation Insurance as well as Trip Cancellation Insurance.