International travel insurance for Medicare recipients

Travel insurance for senior citizens with Medicare

Medicare, which is the US government funded health insurance program for eligible senior US citizens and permanent residents aged 65 and older, generally does not cover healthcare expenses outside of the United States. US seniors who rely on Medicare and travel internationally should buy supplemental travel medical insurance. Here are some options and factors to consider for international travel medicare insurance:

Travel Medical Insurance: Given the very limited coverage by Medicare and the emergency coverage by the Medigap and Medicare Advantage plans, US senior travelers should purchase international travel medical insurance or travel health insurance. Overseas travel health insurance policies are designed to cover medical emergencies while abroad, including doctor visits, hospitalization, prescription medications, and medical evacuation. They are a cost-effective way to supplement Medicare coverage during international trips.

Medigap Plans: Medigap (Medicare Supplement) plans are private US insurance policies that can fill gaps in Medicare coverage. Some Medigap plans offer limited coverage for foreign travel emergencies, but they typically have a deductible and only cover up to 80% of eligible foreign healthcare expenses.

Medicare Advantage Plans: Some Medicare Advantage plans (Part C) may offer coverage for emergency care while traveling abroad. However, the coverage is often limited to emergencies, and there may be cost-sharing requirements.

Medicare Part D Coverage: If you rely on Medicare Part D for prescription drug coverage, be aware of how your prescription medication needs will be addressed while traveling internationally.

Pre-existing Conditions: Be aware that coverage for pre-existing conditions varies among international travel health insurance plans. Some plans may offer coverage for pre-existing conditions, while others may have exclusions or waiting periods.

Provider Networks: Check if the international travel insurance plan has a network of healthcare providers or if it provides reimbursement for out-of-network services.

Policy Limits: Review the travel insurance policy limits, including maximum coverage amounts.

Duration of Coverage: Ensure that the international travel insurance plan provides coverage for the entire duration of your trip or stay abroad.