What is the average cost of travel medical insurance?
Many travel medical policies start at less than a dollar a day. Costs can vary widely depending on factors such as coverage level, age, destination, and trip length. A full week of coverage may cost less than $4 or more than $100.
For example, SquareMouth recommends international travelers get around $50,000 in Emergency Medical coverage and $100,000 for cruises or travel to remote areas. Carefully review the full details of your travel insurance policy. To find a basic plan that's affordable, search SquareMouth now.
If you read any of our other articles, you'll remember that we always offer a simple recommendation for Medical Insurance. Overseas travelers should have these minimum levels of protection: Medical Insurance Coverage - $100,000. Medical Evacuation Coverage - $250,000.
The average national monthly health insurance cost for one person on an Affordable Care Act (ACA) plan without premium tax credits in 2024 is $477.
How much does international health insurance cost? The annual cost of an international medical insurance plan will range from as low as $500, with limited benefits, to as much as $8,000 for a comprehensive global medical insurance policy, including coverage in the USA. The average cost is $5,500 per year.
Travel medical insurance is offered either as part of comprehensive travel insurance plans, or may be purchased as a stand-alone plan. If you have a comprehensive plan, you may also be covered by other travel-related coverages, such as trip cancellation or interruption.
Based on our comprehensive review, the companies offering the best travel medical insurance are Faye, IMG, Travelex, AIG Travel Guard and Allianz. Travel medical insurance is a specialized type of coverage that helps pay for medical bills and emergency evacuations if you're hurt or become sick while traveling.
Make sure you have a plan to get care overseas, in case you need it. Consider buying additional insurance that covers health care and emergency evacuation, especially if you will be traveling to remote areas. Enroll with the Department of State's Smart Traveler Enrollment ProgramExternal Link (STEP).
Travel insurance typically costs between 4 and 10% of the overall price tag for your trip. The cost can vary: Plans with higher limits and more optional coverage cost more. A plan with a CFAR benefit can cost up to 40% more.
| Company | BBB Rating | Recommended Plan |
|---|---|---|
| Travelex GET QUOTE | A+ | Travel Select |
| Berkshire Hathaway Travel Protection GET QUOTE | A+ | LuxuryCare® |
| Nationwide Travel Insurance GET QUOTE | A+ | Luxury Cruise |
| Generali Global Assistance GET QUOTE | A+ | Premium |
Is travel healthcare worth it?
So, is travel nursing worth it? Yes! With more money, flexibility, career options, travel perks, and personal growth, it's still one of the most exciting nursing opportunities in 2024.
Special care if you become ill or injured while traveling
Contact the nearest U.S. Embassy or Consulate for a list of local healthcare providers and medical facilities. If your illness is serious, consular officers can help you find medical assistance. If you want, they can inform your family and friends.
Is $200 a month expensive for health insurance in California? No, health insurance that costs $200 per month is a good deal in California. Silver plans typically cost $469 per month for a 21-year-old or $600 per month for a 40-year-old.
A 21-year-old pays slightly under $400 monthly on average for an ACA plan, while a 60-year-old pays $1,079 on average.
Platinum health insurance is the most expensive type of health care coverage you can purchase. You pay low out-of-pocket expenses for appointments and services, but high monthly premiums. Plans typically feature a small deductible or no deductible and cheap copays or coinsurance.
Without this coverage, you are responsible for any medical expenses. The average cost of travel insurance is between 5% and 10% of the total price of your trip. This can be worth it for the medical benefits alone when traveling in Europe.
| COST OF TRIP | AVERAGE TRAVEL INSURANCE COST | % OF TRIP EXPENSE |
|---|---|---|
| $10,000 | $512 | 5% |
| $20,000 | $1,204 | 6% |
| $30,000 | $1,848 | 6% |
| $50,000 | $3,091 | 6% |
Buying the travel insurance is usually worth it if: Your non-refundable trip costs are much more than you can afford to lose. You are traveling internationally. You are traveling to a remote area with limited health care facilities.
International health insurance is designed to provide a comprehensive level of health care to those relocating from their home country for a sustained period of time, whereas travel insurance provides cover for emergency treatment while you are in another country for a shorter space of time.
Most travel insurance policies won't pay out if you're negligent while under the influence of alcohol or drugs, and have an accident or have property stolen.
What are the two basic types of travel insurance?
What type of travel insurance do I need? There are two main types of travel insurance: trip protection plans and travel medical plans.
- Faye: Our top pick.
- Travelex Insurance: Our pick for families.
- Nationwide Travel Insurance: Our pick for cruise travel.
- Tin Leg Travel Insurance: Our pick for customizable coverage.
- Berkshire Hathaway Travel Protection: Our pick for luxury travelers.
While there are no AARP travel insurance products or discounts available for seniors, members can use the AARP website for trips and tricks on how to plan for international travel and information regarding how to choose the right insurance plan for older travelers.
| Company | Average Plan Cost | Cheapest Plan |
|---|---|---|
| Trawick International Compare Plans | $212 | Safe Travels Voyager |
| Travelex Compare Plans | $212 | Travel basic |
| Seven Corners Travel Insurance Compare Plans | $216 | Trip Protection Basic |
| Generali Global Assistance Compare Plans | $255 | Standard Plan |
Be aware that you will likely have to pay out of pocket for any medical treatment, even if your insurance company provides international health care coverage. A visit to the emergency room can be free or cost only a nominal fee, or it can be expensive, depending on where you are and what treatment you need.
