Choosing the best medical insurance policy often depends on what you are looking for. If you are a retiree who wants to travel, you are often looking for plans that don’t last that long but continuously provide coverage no matter where you end up. If you plan on going to a new country to live for a few months, you want to know that you are covered in the event that something should happen. There also isn’t a one-size fits all approach to health insurance coverage. However, many retirees are looking at things like temporary health insurance, abroad medical insurance policies, traveler’s medical insurance and other types of policies that have great benefits for people who like to jetset around the world. For a closer look at these policies and how they can help you, just see the guide below. Above all, follow these tips:
- Pick a plan that works with your destination
- Get coverage for accidents or illnesses
- Research hospitals and doctors located where you’re going
Get Check-Up and Screenings Before You Go
One way to make sure that you’re ready for traveling abroad for a longer period of time is if you get a screening before you go and check with your doctor about any health problems you may have. Many problems can be avoided if taken care of before your trip so that you don’t have to worry about coverage when you are out of the country. You still want to get short-term insurance coverage for when you are away as a way to protect against any accidents or illnesses that may trouble you while traveling.
Hospital Insurance Plan
There are private hospitals and medical facilities in every country that allow for temporary health insurance plans. These hospital plans can cover your treatment specifically in that hospital or at affiliated hospitals. If you do travel outside of that country, you may not be covered. That’s why it’s important to look for hospital insurance policies that may span a network of hospitals and provide temporary coverage. You definitely don’t want to be caught and have to pay out-of-pocket for any medical coverage that you need before
It’s important to look for hospital insurance policies that may span a network of hospitals and provide temporary coverage.
Most of these plans have a very low cost as well. For about $50, you can get a hospital-only coverage for your trip to Berlin. This provides you with total coverage including trips for regular and specialist visits while you are away. It also covers emergency room services, dieticians, ambulance costs, x-rays, lab work, nursing care, house calls and private room hospital stays.
Short-Term Healthcare Plan
STHP or temporary health insurance plans are great for individuals who are traveling and need coverage for a specific amount of time. You can find these plans offered by private health insurance companies in the US who provide it to travelers who are going abroad for short periods of time. In some cases, the coverage will go up to 12 months. These are very budget-friendly plans that are typically around $50 a month. However, they do not allow you to get coverage if you have a pre-existing condition.
These plans are best for retirees who are under 70 years of age, who are traveling for a month or two months, and who want to cover basic and some special medicare costs. For example, emergency room services are covered with these plans, but any work for conditions that you may have had before you want on your trip may not be covered.
In-Country Medical Insurance Policy
If you are planning to go to one country for your travels, then it may make sense to get in-country medical insurance instead as your short-term insurance plan. These are paid hospital insurance plans that allow you to visit the doctor in the country you are visiting. These are best for retirees who plan to stay overseas for longer periods of time or even become permanent residents. Another option for these types of retiree travelers is international medical insurance policies.
First, local medical insurance policies where you are traveling may be great if you don’t have any pre=existing conditions and you are not older than 63 years of age. Your coverage allows you to go wherever you want in that country and still be able to see a doctor. However, it won’t allow you to travel outside of the country. Local insurance medical policies for travelers is actually less expensive than international medical insurance.
International Medical Insurance Policy
If you decide to go with short-term health insurance plans, you should make sure that it is an international medical insurance policy that you can take with you to other parts of the world. These plans offer the most benefits because you can travel to any country and receive medical care. This is the best option as well if you want to live abroad permanently or for a longer period than 12 months.
These retiree health insurance plans also have more comprehensive coverage and don’t require you to limit your hospital visits to one doctor or one facility. You are covered wherever you go during the time that you have the policy.
Travel insurance may be another option if you aren’t going overseas full time and are only staying for a month or so. This type of insurance covers some medical, but it also covers luggage and other personal belongings. If you are staying in a country for a shorter period of time, this is likely your cheapest and best option, but it doesn’t provide you coverage for major health complications. However, it can be added on to a short-term health insurance policy so that you are able to have more coverage.
Employer Insurance or Business Health Insurance
For business travelers who have employer insurance, you should already be covered even if you are a retiree. While you may have to check with a company to see if you are still covered, most companies continue to provide coverage for retirees.
Finding the best short-term health insurance plan is key to allowing you to travel wherever you want to go when you are retired. Whether you are headed just across the Atlantic or to an island in the Caribbean, you should always make sure that you have medical coverage to protect you in case of any incident or illness.