Travel Insurance Reviews – Healthcare Overseas
Will Your Current Health or Medical Insurance Cover You When You Travel Overseas?
In my travel insurance reviews I like to discuss current topics, so here we go, today’s topic is Health Care (In relation to Travel Insurance). Health Insurance is a touchy subject these days. In fact, today President Obama after a meeting with health care officials declared that our current health care situation is critical. What does this mean? Here are some quick stats.
- Over half of ALL Americans Do Not have health insurance to begin with.
- Most have Health insurance plans that as a byproduct can cause them to go into bankruptcy.
- Healthcare Savings Plans (with a high deductible health insurance plan) can actually save you money here in the United States, but are essentially useless outside of the country.
- Employer Sponsored Health Care are charging more and offering less coverage.
Now let’s just assume that is you are able to travel overseas, you can afford health insurance. Now let me ask you another question (Remember, nowhere on this site am I trying to sell you travel insurance). Do you think it is better overseas?
Not really, because if you plan on traveling it is an absolute need to have specific insurance to cover you. Here are some of the reasons:
- Most employer sponsored health insurance will not provide coverage overseas. (Check your policy)
- Almost 100% of all HMO Health Insurance plan will not cover you when traveling abroad.
- Depending on the country, government health care programs (Like Medicare) will not cover you even in an emergency.
- Getting decent health care can be difficult at best, depending on where you are going.
- Some hospitals don’t take credit cards to cover treatment. Even if they do, will you credit limit be high enough to cover you? DO you really want to put thousands of dollars on your credit card?
- Some hospitals will not release you until the bill is paid in full or there is a guarantee of payment.
Those are just the major things you need to prepare. You may find it hard to believe that some people just leave all of this to fate. Don’t do that, you could pay dearly if you do.
You can buy travel insurance to cover more than just health. Liability issues are another major concern, but are not the focus of this article. I mention that so that you will be aware. It our sincere hope that these Travel Insurance Reviews help you in your decision making process. We update this site 3 to 5 days a week, so stop back again soon.
