The Real Cost of Being Uninsured While Traveling

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When traveling abroad, it’s important to understand the potential risks of not having health insurance.

Being uninsured can be a huge financial burden if you become ill or injured while traveling. In addition to medical expenses, there may be extra costs related to being hospitalized and unable to travel back home. Without travel insurance, any cancelled flights, lost luggage, or other travel-related expenses will fall on travelers to sort out and pay for by themselves.

Without health insurance, travelers are responsible for paying all medical costs out-of-pocket which can quickly add up. Medical bills from countries without socialized healthcare systems tend to be especially high and will often require that payment is made in cash up front.

Furthermore, many hospitals outside of the U.S. will not offer treatments until they have received proof of payment which means travelers must have access to large sums of money very quickly should an emergency arise.

On average, it is estimated that the cost of a major medical emergency overseas could be upwards of $10,000 or more. That’s why it’s so important for travelers to make sure they have adequate insurance in place before their journey begins.

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More Than Just Insurance

Having international health insurance can provide peace of mind knowing that any medical costs incurred while on holiday are covered. It also ensures travelers have access to quality medical care if needed and ensures they can remain abroad until fully recovered instead of having to come home sooner or incur additional costs due to extended stays.

Investing in an insurance policy offers more than just potential cost savings, it is also a backup in case of dire emergency or serious health problems. Nobody wants to be in a foreign country experiencing a health emergency or travel mishap and have no way to take care of themselves.

Get international health insurance or pay for your visits to the doctor, prescriptions, and diagnostic testing out of pocket.

Get emergency medical travel insurance or pay for an ambulance ride, emergency room care, and any life-saving surgeries by yourself.

Get travel insurance or pay to replace everything in your missing luggage on your own, pay for a trip you are unable to go on when plans change, and pay out of pocket for health emergencies.

The truth is insurance for travelers is more than just insurance–it’s a backup that keeps you safe and secure no matter where you go or what happens. The real cost of being uninsured while traveling is risking your health, your trip, and your ability to travel unencumbered.

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Traveling Without Insurance

Ultimately, it’s important to understand the real cost of being uninsured while travelling abroad. The financial risks associated with not having health insurance can be considerable and should not be taken lightly. Something as simple as a cold or as serious as a heart attack could leave you with few options if you are uninsured and living or traveling in a foreign country.

In addition to the potential financial burden of needing medical care without adequate insurance coverage, there is the cost of forgoing medical care altogether due to inability to pay for treatment. The real cost of being uninsured while traveling is putting off care, which could cause your health to worsen.

By avoiding getting proper medical care, you risk worsening health, missing out on some of the most exciting and interesting parts of your trip, and can even face life-threatening health conditions.

While some may prefer to receive medical care in their home country, there is also the high cost of transportation if you need to travel home to see a doctor or visit a specialist. An emergency flight back home is likely to be significantly more expensive than a regular flight and may require payment up front.

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Insurance Options for Travelers

When travelling abroad it’s essential to secure adequate health insurance coverage in order to protect yourself against potential medical expenses and other costs related to an unexpected illness or injury. Having the right insurance policy can give you peace of mind and help to ensure that your trip is a safe and enjoyable experience.

International health insurance is considered to be comprehensive, with plans covering most medical expenses, including hospitalization, medication, surgeries, diagnostic testing, including MRI’s and X-rays, and doctor visits.

Emergency medical travel insurance covers emergency medical expenses, such as emergency room visits, emergency treatment, repatriation, emergency evacuation, and 24/7 access to an emergency assistance medical hotline to speak with medical experts, among other benefits.

Travel-related insurance policies offer additional benefits beyond reimbursement for trip cancellation or delays such as coverage for personal belongings, lost passports, accommodations, and more, which can be a great help and can save your trip if something unexpectedly goes wrong.

It’s important to keep in mind that if you are buying international health insurance, you would also need to get travel insurance separately against unforeseen travel related events such as trip cancellation, trip interruption, and lost luggage.

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Find Insurance Coverage

The real cost of being uninsured while traveling is the risk to your health, the chance of interrupting or cutting your trip short, and potentially thousands of dollars in healthcare bills or trip fees should something unexpected occur while you are outside of your home country.

With so many potential risks while traveling abroad, it makes more sense to get international health insurance and travel insurance rather than to leave yourself exposed. Insurance plans are an easy, affordable way to avoid disaster and keep yourself healthy regardless of where your travels take you.

Take our short quiz to view helpful comparison information and view top-rated companies and benefits for your travels.

To learn more about the insurance coverage available for your needs, speak to one of Friendly Global’s experienced insurance advisors. With over 25 years of experience in the insurance industry, we know the best companies and plans. Let us help guide you to find the right plan for you.