Lot of my clients, who have known me for over 20 years, will read this blog. They have stayed with me, many have become good friends because I am always objective in my advice. For me, clients come ahead of any brand I represent. It will remain so.
So here is some relevant advice in the area of selecting the right medical travel insurance while travelling abroad. Especially for senior citizens or the Elderly.
Understanding Medical Travel Insurance
Travel insurance covers all financial costs in case one were to face an emergency during travel. It costs very little but if the need were to arise it saves a lot. So always make sure that you purchase travel insurance for your parents or Elders travelling to your resident country be it Singapore, USA, UK, Dubai or anywhere else in the world.
Almost all travel insurance products end up excluding one situation or the other, which one can cover by paying an additional premium.
In case of medical emergency expenses in a foreign land and hospitalisation can be prohibitively expensive.
Travel insurance plans cover your parents for all medical eventualities including:
If you have bought the right product and chosen the brand well usually there's a quick disbursement of claims. It is important to note that a travel insurance policy may or may not include pre-existing medical conditions and every policy will vary according to the travel insurance company and the insured person.
So when you purchase a policy you need to know what is covered under your policy.
Some travel insurance may cover you generally, but with pre-existing conditions excluded. This is obviously preferred if your existing condition causes you significant problems or leaves you at risk. Other travel insurance policies will cover pre-existing conditions if you buy coverage within a short time after booking your travel.
What all is covered?
Here is a quick look into what all is covered in medical travel insurance products. Needless to add that you have to carry out a very specific product review to know what is “specifically” covered.
Let me go beyond medical travel insurance and cover some more ground on other relevant areas, which require coverage during international travel. Afterall often Elders travel on their own.
It is important for us to know what’s not included?
Even if you are willing to forgo all other types of international travel insurance, no one should ignore medical evacuation coverage.
A medical evacuation is often a chartered trip for a patient who is not well enough to return home by other means to better facilities or to their home country.
Though the need is rare, its costs can be devastating to savings. On-balance, the cost of coverage for it is not terribly great. It typically involves traveling with medical personnel looking after you throughout return home, along with any needed equipment, medications, etc.
You can easily get the global travel insurance with all the above said features, as low as SGD 5 per day for a coverage of USD 1 Lakhs for a period of 30 days (Including US & Canada)