Is Medical Insurance Necessary For the Traveler?

You may be tempted to go traveling without insurance if you haven’t been to a doctor for ages and are reasonably healthy. Workers Compensation Settlements My advice is: don’t do it. If you did have some kind of major accident, you could be in big trouble without insurance.
For most travelers who are reasonably healthy, you can look at insurance as asset protection more than anything else. If something big were to happen, you could be in the poor house for the rest of your lives as you try to pay for an air ambulance or a major medical procedure. The risk simply isn’t worth the few dollars you may save.
It won’t be hard to find a company to sell you insurance – just do a quick internet search. However, be sure to read the fine print and know exactly what your policy covers. Some policies will only cover you in certain countries or will have high deductibles. Depending on your plans, you may need to find a company that will cover that activity.
We’ve opted for a high-deductible travelers’ policy through IMG. The stipulations are that we are outside of the USA for at least six months each year, and we could not pick it up until the day we planned to leave the country. But, when we do return to the US on vacation, we will still be covered there.
Our insurance plan is only a back-up. We don’t use it on a regular basis – in fact we’ve never yet filed a claim. We pay our medical costs out of pocket and will only request coverage for a major Broken Clavicle Insurance Settlement illness or accident. Given the fact that medical costs are very reasonable in more parts of the world, it would take quite a while to rack up enough bills to surpass our $5000 deductible!
Although most procedures are reasonably priced in most countries, an air ambulance could easily set you back up to $100,000. In other words, one fluke accident or medical situation could place you in the poor house for the rest of your life if you don’t have insurance. Pure and simple – the risk simply isn’t worth it.

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