Did you know that the group of people in the US who travel the most are ages 65 to 80? That’s when most Americans become empty nesters and head into the long-awaited retirement zone and finally have the time and resources to start to cross things off of their bucket list. Read our blog on the top three destinations baby boomers should travel to for some inspiration.
Something to keep in mind, though, is that after age 70, it becomes more important than ever to have insurance while traveling. Most importantly, at that age, many individuals have pre-existing medical conditions that won’t be covered under normal health insurance (specifically Medica) when you’re out of the country. Plus, travel insurance offers a sense of peace of mind that is just worth it, especially when you have friends and family stateside who want to make sure you’re taken care of wherever you are in the world.
Whether you’re over 70 yourself or know a traveler you know is, it’s critical to know the facts when it comes to travel insurance before booking your next trip. Here’s what you should be looking for:
If you have the resources, comprehensive coverage is your best option. It truly does cover everything–from cancellation to medical emergencies to lost luggage–you name it, it’s likely covered with comprehensive insurance. When it comes to peace of mind, you really can’t get any better than this.
Falling ill or having an accident is tough enough when you’re at home…don’t make it harder on yourself when you’re abroad. If you opt for comprehensive coverage, your plan will cover medical expenses to some degree, but you’ll want to make sure the one you select has sufficient coverage for your specific needs–especially if you’re over the age of 70. Senior travelers tend to have more medical concerns and should seek higher coverage as a result. Put it this way…a plan that costs an extra $20 could provide hundreds of thousands of dollars of additional coverage for any medical expenses that arise. Worth it.
If you have a pre-existing medical condition, this one is crucial. Unfortunately, pre-existing conditions are not often covered in regular insurance for medical expenses. So if you have a pre-existing condition, even if it’s well-managed and hasn’t caused an issue in years, make sure you’re covered while you’re traveling–just in case. This is usually a time-sensitive benefit that must be purchased within 10-20 days from the initial trip deposit date, so make sure you purchase your travel insurance early!
If some sort of issue should arise before you leave for your trip, travel insurance will allow you to cancel without losing a chunk of change. That issue could be your own medical needs, a family emergency, a death, or anything else that comes up that keeps you from wanting or being able to travel. Then, you’ll be able to reschedule your excursion for as soon as possible without a major financial loss.
Cruises tend to be pretty popular among the retiree and empty-nester crowds, as they offer an all-inclusive and relatively stress-free way to see the world. Read our blog post on why we love Port Everglades in Fort Lauderdale. The only piece of the cruise experience that can get a little tricky is getting to the ship in the first place. Say you’re headed to Norway to get on a tour of the country’s gorgeous fjords and your flight from home is canceled. The next flight you can get on is the next day…which means that you’re going to miss the cruise’s send-off. With missed connection coverage, you’ll be able to re-arrange your travel to meet the cruise at the next port without losing any money. Check out our blog post that gives step-by-step instructions on how to obtain travel insurance.
Ready to get out there? Let’s talk about your coverage–we’ll help you make sure you get what you need. You can get in touch with us here.