How Much Does Travel and Medical Insurance Cost?

You’re wise to inquire about travel and medical insurance cost before flying the first time. If you have looked into your personal medical insurance situation and found that your insurance plan doesn’t cover travel outside of the country or to certain parts of our country, you definitely need to buy some medical travel insurance before you get on a flight. Be prepared for any eventuality, so a tragic accident or death won’t leave your family in a financial bind.

I’m going to assume when you ask “How much does travel and medical insurance cost?”, that you are talking about a one-time trip. So those interested in reading a similar question about the cost of annual travel insurance or the cost of backpacker travel insurance, be sure to read my answers to those questions on other pages.

Travel and Medical Insurance Quotes

As far as travel medical insurance costs, these range all over the place, depending on the amount of coverage you need. But you can buy a solid travel and medical insurance plan for starting at $50, so it’s definitely something anyone should look into. Let me give you a comparison of some of the leading travel medical companies’ prices.

World Nomads Medical and Travel Insurance

World Nomads medical & travel insurance for a 1-week trip out of the country costs $55 for a single individual under 61 years of age. This covers from $50,000 to $5 million in medical expenses (depending on circumstances), up to $500,000 in emergency evacuation (depending on country of residence), up to $12,000 to repatriate your body, emergency reunion fee for a friend to escort you home, accidental death & dismemberment costs up to $10,000 (for funerals), up to $10,000 for trip cancellation, up to $5,000 for trip interruption, adventures sports injuries and lost baggage up to $3,000.

International Medical Group Patriot America Insurance

International Medical Group Patriot America insurance plans range all over the place, and have the interesting option of a deductible. You can also buy a traditional travel & medical insurance plan without the deductible. Here’s the breakdown of the numbers for 1 person on a 7-9 day trip out of the country. Deductible amounts are printed along the top of the column, adjacent to coverage limits.

Coverage Limit $2,500 $1,000 $500 $250 $100 $0
$1,000,000 $68.05 $71.35 $74.64 $77.94 $81.23 $86.17
$500,000 $64.66 $67.46 $70.27 $73.08 $75.89 $80.10
$100,000 $60.88 $63.14 $65.41 $67.68 $69.95 $73.34
$50,000 $58.22 $60.12 $62.02 $63.90 $65.80 $68.63

travel-insurance-cost

This coverage offers you between $50,000 and $2,000,000, depending on your age. It also gives between $15,000 and $25,000 evacuation coverage, emergency evacuation coordinated through the plan administrator, $15,000 maximum emergency reunion coverage, $25,000 of AD&D fees, with an option up to $400,000, $5,000 for trip interruption, between $50 to $250 for each lost bag of luggage and a terrorism rider for 25% of your premium.

Travel and Medical Insurance Cost Estimates

I hope this will give you enough information to calculate travel and medical insurance cost estimates. You can get good medical and travel insurance for a 1-trip price of between $50 and $90. My recommendation would be to buy insurance without a deductible. If you get into some kind of trouble on your trip, the last thing you want is to be thinking about paying a $2,500 deductible. Consider that the difference in the plan with the $2,500 deductible and no deductible is about $18 or $19 for the maximum coverage; then consider if it’s worth your peace of mind to pay that extra $18. Believe me, it is.

The upshot is that no one should take to the air without medical travel insurance. The costs of insuring yourself for one lone trip is minimal, and the coverage you get is maximum. If your normal insurance doesn’t cover these costs, buying medical and travel insurance is essential.

Happy Traveling.

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