YOU ASK:

What does it mean when an insurance company offers a “worldwide travel medical insurance”?

WE ANSWER:

As the name suggests, "worldwide travel medical insurance" protects your travel and all-travel related expenses, as well as medical expenses that you may incur when you are anywhere in the world.

This is what you will need if you are into traveling extensively. However, the insurance company would also like to know where you plan to go. There may be different rates for different places or countries you plan to visit.

The advantage of travel medical insurance that has worldwide cover is that it is able to provide convenience and emergency assistance to you anywhere you go. There are even some companies that provide direct payments to the hospitals and doctors so that you don't need to pay out of pocket when you accept medical treatment.

What's more, it usually has deals for emergency medical evacuation when there is a need to transport you out of the country you are visiting and back to your home country.

Worldwide travel medical insurance can provide you with the standard travel insurance benefits no matter which corner of the world you go. To fully determine what the plan has to offer, be sure to check the policy, its terms and provisions.

The benefits usually include:

  • Hospital indemnity (where you are paid a certain amount for every day you are hospitalized)
  • Accidental death and dismemberment
  • Lost or delayed baggage
  • Trip cancellation or delay
  • Emergency evacuation
  • Pre-existing conditions (if you opt to add any to your coverage)

For the medical benefits, you can avail of

  • Indemnity for inpatient and outpatient hospital charges
  • Fees by doctors, including anesthesiologists, surgeons, radiologists and other medical practitioners
  • Diagnostic fees, including laboratory and ultrasound charges
  • Prescription drugs for the duration of your treatment
  • Emergency transport by an ambulance

As is usual for travel insurance with medical cover, you should remember that pre-existing conditions are not covered, unless you specify that it should be included and corresponding premiums are paid.

In some plans, worldwide travel medical insurance can also cover complications due to pregnancy, as long as the woman has not yet reached her 26th week of pregnancy. There are also plans that pay for emergency dental and emergency reunion (when there is a need to transport a loved one to the country you are visiting in the event that you are admitted to the hospital).

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