I agree with others it usually better to purchase insurance from a third-party insurer. A few points to consider:
--Many older Americans do not realize that basic Medicare coverage is almost non-existent for overseas health care. Check your coverage if you plan to rely on it.
--Many people rely on their credit card's coverage but don't check to see what it actually covers. Some are more limited or may not have what you really need to cover.
--If you take more than 2 or 3 trips per year, you should consider a multi-trip annual plan. Surprisingly affordable versus buying coverage for each trip.
--Think hard about what you want covered and get a plan designed to do that. Many travel advisors can help you choose the best plan for you.
--Cancel for any reason coverage is very expensive and rarely covers 100% of your loss.
--Things plans often cover you may want to consider:
- Do you need pre-existing conditions covered?
- Do you want emergency evacuation coverage?
- Do you want to cover the possible financial default of the travel supplier?
- Do you want to cover emergency medical care during your trip?
- Is AD&D important to you?
- Do you want coverage if called to jury duty or you must cancel due to your job?
- Do you want coverage in the event of serious illness or death of a close family member?
- Do you want coverage if you have an accident on the way to the airport?
These are just a few!
Travel insurance--boring but important
