As the number of travelers continues to grow, the types of travel insurance have also multiplied. Initial 2011 analysis by the World Tourism Organization, estimated international tourist arrivals grew by 5% during the first month of 2011 and the total number of international tourists surpassed 124 million tourists in 2010.1In response to the needs of different types of travelers, the travel industry has responded with several major types of travel insurance:
Also known as international health insurance, these plans cover medical expenses from doctors, clinics, and hospitals for eligible injuries and illness that happen while you travel. Travel health insurance covers eligible health problems that occur after you depart from your home country until you return.
Typically, medical evacuation insurance includes coverage for air evacuation, transportation to the nearest adequate medical facility and the cost of eligible medical treatment because of the life-threatening injury or illness. The Atlas Travel® health insurance plan includes medical evacuation coverage as a standard benefit.
This type of plan covers your financial expenses if you have to cancel or interrupt your planned travel, but infrequently includes medical coverage. Some reasons for cancellation may be considered non-refundable or partially non-refundable with trip cancellation insurance. In many cases, you can purchase trip cancellation insurance while booking your transportation itinerary.
The most apparent discrepancy between travel insurance and travel health insurance is that traditional travel insurance may not cover the costs of your medical care while abroad.2 Another confusing semantic issue for consumers is travel medical insurance and travel health insurance refer to the same type of product, short-term health insurance for sicknesses and accidents that happen outside your home country, like our Atlas Travel health insurance plan. Knowing the semantic issues and coverage differences between travel insurance types can help consumers purchase a plan to address their coverage needs.
HCC Medical Insurance Services, LLC (HCCMIS) is a service company that is a subsidiary of HCC Insurance Holdings Inc. HCCMIS is regulated by the State of Indiana in our capacity as Third Party Administrator. HCCMIS 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 HCC Underwriting Agency Ltd.