What Kind of Travel Insurance Policy Should I Get? – ryan
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Evanston Couple Mark Gould and Marla Green Were on A Two-Week Trip in Argentina With Road Scholar, A Not-For-Profit that offers programs usually for Older adults. Several days into the trip, gould started to falls and was unable to walk. He was to a hospital and was diagnosed with severe pneumonia. Gould Had to be medically evacuated by airplane to a hospital in the chicago area for continued Treatment. While the couple had Travel Insurance, they were billed $ 23,311. What Should You Know When Getting Travel Insurance So You Don’t End Up in The Same Situation?
See What Policy Fits Your Needs
Gould and Green Had Two Different Types of Insurance for their Trip. One was a trip protection policy, for which they Each Paid $ 684. The Other was Travel Medical Insurance, which was included at no extra charge by the tour operator.
Trip Protection Insurance Covers Your Costs If You Need to Cancel or Interrupt Your Trip. These police typically cost about 4% to 10% of the Trip Cost.
IT’S IMPORTANT TO READ The Fine Print Trip Protection Police May Exclude Certain Events. For example, if you’re traveling during hurricane season and woit to buy the policy unil after a hurricane is predicated and named, the policy May Exclude Coverage.
SOMESTEMES CREDIT CARDS Automatically Offer Trip Protection Coverage for Things like Lost Luggage or Rental Car Damage, but There Couuld Be Limits.
Another kind of trip protection insurance is calmed “Cancel for any Reason.” These police are about 40% more expensive than a standard policy, but they have fewer exclusions. One Potential Down-Side: Some of these Police Pay Out Only 50% to 75% of Your Losses.
Travel Medical Insurance
Experts Recommend Having Travel Medical Coverage Becuse Medicare Typically Won’t Cover Overseas Care and Private Insurance Care to Be Out-Network.
Travel Medical Insurance Typically Costs About $ 100 per Person, Though in Gould and Green’s Case, Trip Provider Included at No Extra Charge.
Consumer Reports recommends comparison-shopping on websites like insuremytrip and squuaremouth.
But Again, It ‘Important to Read the Fine Print. Some Police Will Not Cover Preexisting Medical Conditions.
Travelers Should Aim for at Least $ 50,000 in Emergency Medical Coverage and $ 100,000 in Medical Evacuation Coverage. If you’re going on a cruise or to a remote destination, consider increasing that to $ 100,000 for Emergency Medical Coverage and $ 250,000 for Medical Evacuation Coverage.
What Happened with the $ 23,000 Bill?
Gould and Green Had Travel Medical Insurance That Offered 24-Hour Medical Assistance and Evacusion. IT ALSO DIDN’T EXCLUDE Preexisting Conditions.
The Air Ambulance Company in Argentina Billed $ 148,311 for the Trip to Chicago – More than Their Policy’s $ 125,000 Coverage Limit. The couple argued that the price was unfairly high. They Said they wished the Tour Company Had Local Lineed Up With the Coverage Limits.
When a sun-etes Reporter Contained Road Scholar About the Huge Bill, The Company Promised to Look Into It. Soon, Gould and Green Had Good News. Out of “a sense of fairness and commassion,” Road scholar reimrated the $ 23,311, as well as $ 859 for the relates to the return of the couple’s luggage.
Road Scholar Said That Its Mission is “to enrich the lives of Older adults, and we take the respectibility for our participants’ well-being very serious.”
The Company Said the $ 125,000 Coverage Limit for Medical Evacuation “Has historical been sufficient in nearly all caesses” but Said they reviWing their police and limits to make sure they have comprehensive and appropriate coverage in the futures.
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