Travel Medical Insurance Deductible

What is a Travel Insurance Medical Deductible?

A travel insurance medical deductible is the dollar amount that a policyholder must pay out-of-pocket before their insurance company covers the remainder of the claimed medical expenses.

Not all travel insurance policies include a medical deductible, and those that do typically range from $50 to $250\. While rare, some travel medical plans may include higher deductibles that can exceed $2,500.

A deductible can be charged per policy, per person, per occurrence, or as a combination of the three. Deductible amounts, exclusions, and coverage limits may differ by policy.

FAQs: Travel Insurance Medical Deductible

How Does a Travel Medical Insurance Deductible Work?

A travel insurance deductible works exactly like a deductible you may find in a health insurance policy. It’s a set sum of money you must pay before you’re eligible for reimbursement through your travel insurance policy’s medical coverage. Similar to a co-pay, a deductible is a way for policyholders and insurers to share the financial responsibility of medical expenses.

For example, let’s say you’re traveling overseas with a travel insurance plan that includes a $100 per person medical deductible. During your trip, you suffer an unexpected injury and need to receive medical treatment. Under your policy’s contract, you’ll be required to pay $100 towards the cost of your medical care before your insurance covers the remainder of the bills.

Depending on your travel insurance provider’s co-insurance, you may be responsible for a small percentage of medical expenses after your deductible is met.

Do All Travel Insurance Plans Include A Medical Deductible?

No, not all travel insurance plans will make you pay a medical deductible when filing a claim. The majority of travel health insurance plans found on Squaremouth do not included medical deductibles, and will offer coverage immediately.

To check to see if a policy includes a medical deductible, you can review the policy details or reference its Certificate of Insurance at any time.

Should You Avoid Plans That Include Medical Deductibles?

No, just because a travel insurance policy includes a medical deductible does not mean that the policy is bad or offers sub-standard coverage. Even the best travel insurance companies offer plans that include deductibles.

Purchasing travel medical insurance coverage, regardless of the deductible amount, can add peace of mind and protect yourself from costly out-of-pocket expenses when planning domestic or international travel.

Ideally, your medical plan will cover all or most of the unexpected health care costs you may incur while you travel. Buying a travel insurance policy with a lower deductible, or no deductible at all, can help ease the financial burden or getting sick or injured while away from home.

Please be aware that coverage and eligibility requirements for this benefit differ by policy.

Looking for a policy with Medical Deductible coverage?

Enter your trip information on our custom quote form. Once you receive your results, select the Medical Deductible filter to find the best policy for your trip with the coverage that you need.