The Difference Between International Health Insurance and Travel Insurance (2024)

FAQs

The Difference Between International Health Insurance and Travel Insurance? ›

International health insurance is designed to provide a comprehensive level of health care to those relocating from their home country for a sustained period of time, whereas travel insurance provides cover for emergency treatment while you are in another country for a shorter space of time.

Travel medical insurance is different from your health insurance because travel medical insurance is a supplemental policy that helps protect you while you're traveling. It's only valid for the length of your trip and is meant to supplement your health insurance when you're out of network.

U.S. health insurance plans typically do not cover regular and routine medical care required overseas. This means your health insurance won't pay for care if you need to visit a doctor for a prescription medicine, or if you need treatment for a condition that is not considered an emergency.

What Does International Insurance Mean? International insurance provides coverage for people who are traveling internationally. It can be especially important for people who are traveling for a significant period of time.

The comprehensive policy usually covers delays, cancellation due to sickness or death, lost luggage and some emergency medical costs.

You'll need to safeguard your medical health if you're heading abroad, whether it's permanently or for a short trip. When it comes to travel vs health insurance, the former suits people heading on holiday, while the latter is for expats working and living abroad. Both insurance types cover different needs.

Most travel insurance policies won't pay out if you're negligent while under the influence of alcohol or drugs, and have an accident or have property stolen.

Health Care Resources for Travelers

The nearest US embassy or consulate can help travelers locate medical services and notify your friends, family, or employer of an emergency. They are available for emergencies 24 hours a day, 7 days a week, overseas and in Washington, DC (888-407-4747 or 202-501-4444).

How much does international health insurance cost? The annual cost of an international medical insurance plan will range from as low as $500, with limited benefits, to as much as $8,000 for a comprehensive global medical insurance policy, including coverage in the USA. The average cost is $5,500 per year.

What are the disadvantages of travel insurance? ›

Cost: Travel insurance will add to the overall cost of your trip. Some may choose to forgo it to save money, especially on shorter or less expensive trips. Exclusions and Limitations: Policies may have various exclusions and limitations, so it's essential to read the fine print.

International Health Insurance – Long-term Health insurance for immigrants, expatriates, and global nomads living abroad for a year or more. Travel Medical Insurance – Covers medical expenses as well as other risks when traveling overseas for less than a year.

Claims due to known, foreseeable, or expected events, epidemics, government prohibitions, warnings, or travel advisories or fear of travel are generally not covered (coverage can vary by state.)

Conditions which may not be covered

Conditions like terminal illness, the need for oxygen, pending surgery, chronic lung disease, cardiovascular disease, specific types of cancer, congestive heart failure, and recurring pain are generally excluded from coverage.

How much travel medical insurance do you need? Squaremouth, a travel insurance comparison site, recommends buying at least $50,000 in emergency medical coverage for international travel. For travelers going on a cruise or to a remote destination, the site recommends at least $100,000 in coverage.

The average cost of travel insurance is about 3% to 5% of a trip's total value, according to quotes gathered by our research team across different travel insurance providers for various traveler profiles.

Cost: Travel insurance will add to the overall cost of your trip. Some may choose to forgo it to save money, especially on shorter or less expensive trips. Exclusions and Limitations: Policies may have various exclusions and limitations, so it's essential to read the fine print.

Travel insurance isn't required to visit Europe if you're an American citizen. However, some travelers are required to obtain a Schengen visa and medical travel insurance if they plan to visit any countries that are part of the Schengen Agreement, or stay in the area for more than 90 days.

Check Your Health Insurance – Are You Covered Abroad? Understand what medical services your health insurance will cover overseas before traveling. Carry your insurance card and a claim form if your policy covers you outside the United States.