Best travel health insurance for Seniors
Senior international travelers
Seniors represent one of the fastest-growing segments of the travel market. In the U.S. alone, more than 35% of all leisure travelers are aged 60 or older. Europe is a top choice for senior travelers, with countries like Italy, France, and the UK being popular due to their rich history, culture, and accessible infrastructure.
Japan, Australia, and Thailand have also seen a rise in senior tourism. While international travel is popular, a significant portion of senior travelers still prefer domestic travel, especially in larger countries like the U.S., Australia, and Canada.
Seniors, especially retirees, tend to spend more on travel than younger generations, with an average annual travel spend of approximately $6,600 for travelers aged 50 and above. Seniors tend to stay longer at their destinations compared to younger travelers, with many trips lasting 10 days or more. Many Seniors travel more frequently, taking advantage of greater flexibility with time and finances in retirement. Some take two or more major trips annually.
For senior travelers embarking on international trips, there are several important tips to ensure a safe, comfortable, and enjoyable experience. According to the U.S. Travel Insurance Association, Seniors are more likely to purchase travel insurance, with 70% of all travel insurance buyers being 50 or older.
Cruises are particularly popular among older adults, with approximately 50% of cruise passengers over the age of 50. Senior travelers often prefer guided group tours, which provide ease of planning, safety, and structure. These tours are commonly chosen for destinations where language or cultural barriers might be challenging. Many Seniors seek travel experiences that offer cultural enrichment, history, and education. Destinations with museums, historic sites, and art galleries are highly favored.
Importance of Best international travel medical insurance for Seniors
International travel insurance for Seniors is very important due to their unique health, mobility, and travel needs. Seniors should prioritize obtaining travel insurance for international trips because most of them are likely to experience medical issues while traveling, including heart conditions, respiratory problems, or accidents. International travel insurance can cover unexpected medical emergencies, hospital stays, and ambulance services.
Many Seniors have pre-existing medical conditions that might flare up during their trip. Comprehensive travel insurance policies for Seniors often include coverage for such conditions, ensuring that medical treatment is covered if necessary. Medical treatment in foreign countries, especially in regions like the U.S. or Europe, can be expensive.
Travel insurance covers these costs, which would otherwise be an out-of-pocket burden. Sometimes Seniors may have to cancel or cut short their trip due to health concerns, family emergencies, or other unforeseen events. Travel insurance reimburses non-refundable expenses in the case of trip cancellation or interruption, offering financial protection.
Benefits of Cheapest travel insurance for Seniors in USA
In the event of a severe illness or injury, Seniors may need to be transported to the nearest medical facility or even back home for treatment. Medical evacuation can be extremely expensive, but travel insurance typically covers these costs, ensuring Seniors get the best care available. If necessary, travel insurance can arrange for repatriation (returning the traveler home in case of a serious medical emergency) or, in worst-case scenarios, handling of mortal remains. Seniors often travel with essential items such as medications, mobility aids (e.g., canes, walkers), or special equipment. Travel insurance covers lost, stolen, or delayed baggage, allowing travelers to replace necessary items while abroad.
Many travel insurance policies offer 24/7 global assistance, providing Seniors with access to emergency medical, legal, and logistical help. This can be especially reassuring when traveling in countries where language barriers or unfamiliar healthcare systems might be a concern. Many insurance providers offer plans specifically tailored to Seniors that take into account common age-related risks and conditions. While the cost may be slightly higher than for younger travelers, the peace of mind and financial protection offered by these plans is invaluable.
For Seniors, international travel insurance offers vital protection against the many potential risks of traveling abroad, including health emergencies, trip disruptions, and lost belongings. Given the increased likelihood of medical issues and the potential costs involved, having travel insurance is an essential part of trip preparation for senior travelers, ensuring safety, financial protection, and peace of mind while exploring the world.
Seniors travel medical insurance cost
The cost for best travel insurance for USA visitors has reduced disposal income with a major portion of the income going to health care deductibles, co-payments and co-insurance. The cost of a routine physician's visit is on average as high as $176. An echocardiogram can cost around $1K in Massachusetts and around $3K in New Jersey depending on the provider. The cost of common ailments like Diabetes Mellitus with Hyperglycemia admitted to an emergency room would cost around $2,500 -$5K. Stroke resulting in ICU for about 10 days would cost $120K, Heart attack treatment with medical bills for ambulance, hospital emergency room, ICU, EKG and MRI heart scans and continuing care from cardiologists would cost about $20K, The average treatment cost of acute kidney failure in the USA was over $22K.
While there's no simple explanation for the high costs, an important contributing factor is the high administrative expenses in healthcare and given the litigious nature of US society, the cost of medical-malpractice legal expenses. Employing numerous billing clerks by both hospitals and physicians, as well as by private insurance companies is a requirement in the US insurance system. In addition to that, the system's reliance on advanced technology, costly labor and the steep price of malpractice insurance in the US also contributes to the overall expenses.
Given the fact of high health care cost, one simply cannot afford to be uninsured while visiting the US. Another important point to note is that in US hospitals the cost for any treatment is much lower if you have insurance and the hospital is part of the PPO network when compared to getting the same treatment without any insurance. This is beyond the actual insurance coverage itself, so simply having visitors insurance reduces the bill substantially. For all these reasons, it is vital for visitors to buy travel health insurance while visiting the US.
The visitor health insurance cost or the cost for the best travel insurance for USA visitors ranges from $16 to $150 a month The price varies based on the age of the visitor, medical maximum coverage, deductible for the plan, visitors coverage type (Fixed vs comprehensive coverage), and the visitors insurance coverage for pre-existing conditions. For an average traveler, there are cheap travel insurance plans at less than a dollar a day.
What is the best American travel insurance cost for seniors 2024?
Average cost of American travel insurance for Seniors-
A comprehensive travel insurance plans provide exhaustive coverage for health expenses up to the policy medical maximum amount. In contrast to fixed benefit plans there are no limits for each benefit.
Insurance Plans Plan Maximum Deductible Provider Network Cost * Patriot America Plus IMG $50K $250 United HealthCare $173 Safe Travels USA Comprehensive Trawick International $50K $250 First HealthCare $224 Atlas America WorldTrips $50K $250 United HealthCare $200 Diplomat America Global Underwriters $50K $250 No PPO $262 Patriot Platinum IMG $1M $250 United HealthCare $379 Safe Travels USA Trawick International $50K $250 First HealthCare $160 Atlas Premium WorldTrips $50K $250 United HealthCare $249 * Approximate cost of travel insurance for Seniors aged 65-years or parents for a duration of 1 month.
-
A fixed benefit travel insurance plan is the cheapest travel insurance because it has a fixed limit of coverage for different medical benefits.
Insurance Plans Plan Maximum Deductible Provider Network Cost * Safe Travels Advantage Trawick International $25K $0 First Healthcare $38 Safe Travels Elite Trawick International $25K $0 First HealthCare $50 Visitors Care IMG $25K $0 United HealthCare $50 INF Standard X INF $50K $250 United HealthCare $76 * Approximate cost of travel insurance for Seniors aged 65-years or parents for a duration of 1 month.
International travel insurance for US Seniors with Medicare Coverage
International travel insurance for Medicare Seniors is important and US senior citizens must be well informed about the international travel insurance coverage limitations of Medicare while outside the US.
As Medicare is an US federal health insurance program for senior citizens over 65 years, it will not offer medical coverage outside the US except when they are on cruise with the waters connecting the US states.
This is offered by the Medicare Part B (medical insurance) plan. In case you are in a foreign country and need coverage for inpatient hospital expenses, doctor visits, ambulance services, or dialysis, Medicare may pay for the expenses under these conditions.
- If you get admitted to a foreign hospital which is closer than a US hospital that can treat your emergency medical condition.
- If you get admitted to a Canadian hospital which can treat your medical emergency while travelling between Alaska and any other state and you are crossing Canada.
- If you get admitted to a hospital nearest to where you are staying which can treat you under emergency medical condition.
US Seniors who rely on Medicare and travel internationally should buy supplemental travel medical insurance.
Medicare supplemental travel insurance for US Seniors
Globehopper insurance
Globehopper insurance offered by International Medical Group (IMG) is a travel health insurance is avaiable for US citizens and US permanent residents 65 years and older Qualified for Medicare, actively enrolled in Medicare Parts A & B and enrolled in a Medigap Plan or Medicare Advantage Plan, This plan is secondary to Medicare, a Medigap and/or a Medicare Advantage Plan and provides coverage for medical expenses outside the U.S. only.
The GlobeHopper Senior plan is available either as the GlobeHopper Single-Trip plan for single trips with coverage from 5 days to 365 days, or as the GlobeHopper Multi-trip plan which covers a period of 12 months with a maximum of 30 days for each overseas trip.
The GlobeHopper Senior plan is very popular as it provides coverage up to $1 million for travelers less than 79 years and $100K for travelers more than 80 years old. The plan includes $2,500 cover for sudden unexpected recurrence of an existing medical ailment and $25K for emergency medical evacuation.
Intermedical insurance
Intermedical insurance from Travel Insure is an affordable international travel health insurance for US citizens. It offers coverage for medical and evacuation expenses for short trips. It is available up to 12 months.
Worldmed insurance
Worldmed insurance from Travel Insure is an renewable long term international travel health insurance for US citizens. It offers coverage for medical and evacuation expenses. It is renewable up to 3 years.
Travel insurance cost for US Seniors
The cost of travel insurance for US citizens can vary depending on several factors like the age, trip duration, the coverage maximum, and any additional add-ons or options you select. On average, travel insurance costs for a US citizens can range from $50 to $200 for a week-long trip, which is between 5% to 8% of the trip cost. It is recommended to compare US citizens travel insurance quotes from different insurance providers on American Visitor Insurance.
Trip Cancellation Insurance
Trip insurance cost is based on several factors such as the age, trip length and trip cost. There are cheap trip insurance plans starting at $43 per month.
| Plan Name | Trip Cancellation | Cost # |
|---|---|---|
| Safe Travels Flex Trawick International | 100% of Trip Cost (Up to a Max. of $45K) | $43 |
| Safe Travels Protect Trawick International | 100% of Trip Cost (Up to a Max. of $14k) | $53 |
| iTravelInsured Travel Lite IMG | 100% of Trip Cost | $68 |
| Trip Protection Basic Seven Corners | 100% of Trip Cost (Up to a Max. of $20k) | $70 |
| iTravelInsured Choice IMG | 100% of Trip Cost | $73 |
| SafeTravels Armor Trawick International | 100% of Trip Cost (Up to a Max. of $100k) | $88 |
| Trip Protector Preferred HTH worldwide | 100% of Trip Cost (Up to a Max. of $50k) | $100 |
| iTravelInsured Travel LX IMG | 100% of Trip Cost | $139 |
# Approximate cost of Trip insurance plans is for a 65-year-old traveler, 15 days trip length and $1K trip cost.
Trip cancellation travel insurance for Seniors
Travel insurance for Trip cancellation is very useful for Seniors as it provides protection for the non-refundable cost of the trip as well as the health of the older traveler. The non-refundable expenses usually includes cost of hotel bookings, air tickets, rail and cruise ticket expenses... Travel insurance insurance can also include coverage for sports equipment like Golf or Ski equipment and car rental, however these are sometime add-on benefits and not part of the basic plan.
Depending on the type of trip protection insurance for Seniors, coverage can include protection from unexpected expenses such as damaged, stolen, lost or delayed baggage. While some trip protection plans require that the trip is cancelled for an approved reason other plans are available with 'cancel for any reason' benefit. However one must buy the 'cancel for any reason' as an add on option.
Click here to read more »International Seniors travel insurance for Cancel for any reason
There are different reasons why one would cancel their trip. Trip cancellation insurance has a list of legitimate reasons for cancelling a trip which are covered under the trip cancellation benefit. The “cancel for any reason” benefit is an add-on benefit and would offer coverage for canceling the journey for any reason and it will refund up to 75% of the non-refundable trip expenses. Some examples of this are -
- Someone falls sick or injured and is unable to go the trip as planned.
- Epidemics like Coronavirus, Ebola or H1N1 that is spreading rapidly.
- Natural disaster like hurricane, earthquake or volcanic eruption.
- Office work that can prevent you going on the trip due to unexpected meetings.
- Any other personal reason.
International Travel Insurance for Seniors have optional benefit for “cancel for any reason” must however be bought within 21 days of initial trip payment.
Click here to read more »