Travel is great fun for seniors but it can also be a risky venture, especially if you’re over 75. if you have medical conditions or even if you have no health conditions, you should carry travellers Insurance for whatever country you are going to visit. This type of insurance will protect you against financial loss, but more importantly, it gives you full medical coverage in the country you plan on visiting.
Why is travel insurance more expensive when you reach the age of 75? Like other health insurance and life insurance options, the price is calculated based on your risk. Older Travelers represent a higher risk of health issues, so the cost of travel insurance will also rise as you get older. But this does not mean there are no affordable options for seniors over 75. This guide will help show you the best way to get a travel insurance deal.
Do I Really Need Travel Insurance?
Your current health insurance plan in Canada will not cover health costs in other countries. This is a major issue if you happen to have a health issue while travelling. It is critical that you carry quality coverage for any unforeseen travel problem. Even experienced travellers and people in fantastic shape need travellers health insurance. It is coverage to protect your health, your finances and your peace of mind in situations that could be potentially dangerous.
Don’t risk your finances or life by travelling uninsured especially when you’re over the age of 75. Choose a comprehensive travel insurance plan that includes emergency medical benefits, Transportation, trip cancellation and trip interruption benefits.
How To Find Affordable Travel Insurance
Never assume that there is not a travel insurance option out there for you. Get multiple quotes to find a plan that meets your budget.
Compare different travel insurance plans. Consider the coverage and the limitations then compare this to the cost of the plan but don’t choose a company based on the cost alone. You want to find an affordable travel insurance policy, but you also want it to come from a reliable provider, one who will make payment in the event of a medical emergency.
What to Look For
Insurance is big business and everyone wants to get in the game. What this means for you is that you will have a huge number of choices which can be confusing.
One important thing to keep in mind is that the limitations of the policy will be in the fine print. It’s here that you will see which insurance plans give you the coverage you need, and which only offer superficial coverage.
Make sure that a travel insurance plan offers a high coverage limit on medical expenses. A reliable company will offer up to $100,000 in medical coverage. More expensive policies can give you a coverage limit of up to $1,000,000 USD. High coverage limit is important, especially if you have serious conditions like heart issues, injury or a medical emergency. You want to make sure that all of your hospital bills and emergency transportation costs are covered, so avoid buying the cheap $20,000 coverage policy. This will not give you the type of coverage you need for your possible medical issues.
Make sure that your travel insurance policy offers an additional medical evacuation back to Canada. No matter where you are, you want medical evacuation. Imagine you are hiking in the woods, and you break your leg, you don’t want your friend to cuddle the evacuation costs.
It’s important that you double-check the travel insurance company to ensure that it covers any flight you may need back home. An additional option if your travel insurance company does not cover emergency flight evacuation is to get a transport membership program like Medjet.
A quality travel insurance plan will always include these provisions:
Coverage in most countries
Coverage for a sudden injury
Emergency care coverage
Coverage for lost travel plan expenses
Coverage for lost or stolen possessions
Never assume that travel insurance policies are out of your reach. Get quotes and learn about the benefits of multiple plans. This way you can get the best travel insurance policy for your trip even if you are 75 or older.