6 Best Travel Medical Insurance Providers

Posted by on in Insurance

Whether you're planning a relaxing beach getaway, foodie-themed city escape, or a safari adventure, you always run the risk of your international trip being cancelled or interrupted by illness.

Travel medical insurance provides peace of mind by (typically) covering overseas medical treatments, hospitalizations and medical evacuations, as well as trip reimbursements if you have to go home early.

Most policies also offer 24-hour assistance, coverage for terrorism incidents, and reimbursements for lost or stolen luggage. Always read the fine print to ensure you encounter no surprises when you try to make a claim.

Here's an overview of travel medical insurance coverage available from six major insurers:

HCC Medical Insurance Services logo

Tokio Marine HCC - Medical Insurance Services Group

Featured benefits: Atlas Travel gives clients the ability to build a custom plan, including setting a deductible and maximum amount of coverage.

Company rating: A+ (A.M. Best)

Sample policy price: A 14-day policy for a 30-year-old traveling from the U.S. to France would start at about $17.55 for $50,000 in coverage, with no deductible.

Special features: Policies include up to $100,000 in coverage per certificate period for crisis response situations like kidnap and ransom.

Limitations: Coverage for medical expenses related to pre-existing conditions and routine medical examinations are excluded.

Allianz logo

Allianz

Featured benefits: Coverage is available for trips from 5 days to 364 days, or a full year of travel, for amounts of $50,000 to $1 million.

Company rating: A+ (A.M. Best)

Sample policy price: A 14-day policy for a 30-year-old traveling from the U.S. to France would start at about $36 for $50,000 in coverage, with no deductible.

Special features: Some plans will reimburse up to 150 percent of the cost of a trip, if it's interrupted.

Limitations: Coverage for pre-existing conditions may be excluded from some policies.

IMG Global logoIMG Global

Featured benefits: Coverage is offered for trips from 5 days to 2 years, or through a policy covering a year's worth of travel.

Company rating: A (A.M. Best)

Sample policy price: A 14-day policy for a 30-year-old traveling from the U.S. to France would start at $17.81 for $50,000 in coverage, with no deductible.

Special features: A policy for travelers 65 and older includes coverage for the “sudden recurrence" of pre-existing conditions.

Limitations: Vacation plans are only available to travelers who are U.S. citizens or who have bought their trips in the U.S.

Seven Corners logo

Seven Corners

Featured benefits: Coverage is available for trips from 5 days to 364 days, for amounts of $50,000 to $1 million.

Company rating: A+ (A.M. Best)

Sample policy price: A 14-day policy for a 30-year-old traveling from the U.S. to France would cost about $21.57 for $50,000 in coverage, with no deductible.

Special features: Terrorism coverage of $50,000 is included, as is $5,000 worth of "Follow Me Home" to continue care once you return home.

Limitations: Certain plans place limits on coverage for pre-existing conditions.

Travel Guard logoTravel Guard

Featured benefits: Three levels of plans address the most common travel-related issues, including the interruption of a trip due to illness, medical emergencies, and medical evacuations.

Company rating: B- (A.M. Best)

Sample policy price: A 14-day policy for travel from the U.S. to France would start at about $61 for $100,000 in coverage, with no deductible.

Special features: Concierge services cover such things as golf tee times, wireless device assistance, and sports or theater tickets.

Limitations: Policies do not cover cancellations for work reasons.

World Nomads logo

World Nomads

Featured benefits: Geared towards independent adventure travelers, policies allow for coverage to be purchased or extended once a trip has started.

Company rating: B- (A.M. Best)

Sample policy price: A 14-day policy for travel from the U.S. to France would start at $89 for $100,000 in coverage, with no deductible.

Special features: The policies typically cover more than 100 “adventure" sports, including glacier hiking and surfing.

Limitations: There are fewer coverage options than offered by most other competitors.

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Tokio Marine HCC - Medical Insurance Services Group (MIS Group) is a service company and a member of the Tokio Marine HCC group of companies. We are regulated by the State of Indiana in our capacity as Third Party Administrator. Tokio Marine HCC - MIS Group has authority to enter into contracts of insurance on behalf of the Lloyd's underwriting members of Lloyd's Syndicate 4141, which is managed by Tokio Marine HCC – International Group.