22
Mar/12

How Will Health Insurance in Ohio Change by 2014?

by under Health Insurance Ohio
Ohio Health Insurance

Ohio Health Insurance

Over the past year you may have already started to see a change in health insurance. These changes are only just beginning and are said to be taking full effect in 2014. Like most changes, some people are for the change taking place, and others are very against it. While we are not here to tell you to take a stance in either direction, we want to make sure that you are given the knowledge to make an informed decision with actual facts to back it up.

A law was passed in 2010 stating that by the year 2014 all United States citizens would be required by law to have health insurance. This law that was passed is called: “The Patient Protection and Affordable Care Act”. The way that this law will be enforced is that you will be charged a penalty at tax season if you do not have health insurance. How will the amount you owe be determined? Simple, you will pay either “$95 or 1% of your income, whichever is greater”. The amount will increase yearly and in 2016 and any years following, you will pay either “$695 or 2.5% of your annual income”.  This money will simply never be seen by you, it will just be taken out of your taxes automatically.

How can you prepare for this change? You can prepare for the changes taking place in 2014 by looking into individual health insurance today. Start looking for reliable brokers who sell individual health insurance and you will be on your way to receiving the cheapest rates for health insurance. Also, most states are going to have an exchange, where you will be able to see the rates of insurance and compare what each plan offers. Contrary to popular belief health insurance can be very affordable and will certainly cost you less than if you were paying out of pocket for all hospital and doctor visits. And what if the lowest premium is still not leaving you with enough money to buy groceries? If you qualify, the government will assist you in paying for your monthly premium.  To qualify, “you have to earn less than $14,400, but less than 400 percent of the poverty level, which in 2010 was $43,320 for a single person and $88,200 for a family of four”.

All plans offered in 2014 and on will be required to include “office visits, hospitalizations, and prescription drug coverage”. These plans will be broken up into Bronze Plans, Silver Plans, Gold Plans, Platinum Plans, and Catastrophic Plans. The plans will be offered to individuals and groups alike. Health employers as well will be required to offer health insurance to their employees or will be fined. What is interesting is that some smaller employers who have fifty employees or less may end up paying less, if they pay the fine than if they were to pay for their employees to all have health insurance.

Another important piece of information about the changes taking place in 2014 is that, up to this point pre-existing conditions would determine whether you were eligible for health insurance. Those who have pre-existing conditions will be relieved to know that starting in 2014 insurance companies will no longer be able to deny you because of pre-existing conditions. As of 2014 you will no longer be able to have health insurance “refused to you” and “expenses that are related to your pre-existing condition will not be able to be refused to you”.

Continue to keep your eye out for any new changes that may develop between now and 2014. As some will find, these changes will affect them, in other cases people may not see a difference in their health insurance plans or policies. Whatever your case may be, continue to be educated about what is changing in your country, so that you can be assured you are receiving the best benefits for you and your family.

No tags Leave a Comment more...

20
Mar/12

A Checklist to Enjoy a Hassle-free Trip

by under Travel Insurance

Travel InsuranceYou are excited about your trip abroad but worried if unexpected events could disrupt your plans. Making a travel checklist can help make your experience relatively hassle-free.

•    Being well-informed about your destination in advance keeps you confident and relaxed. Get all the information you can on the places you are visiting from the Internet, travel agencies, travel guides and tourist offices.

•    See that all your travel documents are in order. This includes your passport, visa and ticket. Some countries require that your passport is valid for at least six months when you enter. Children above a certain age (varies for different countries) require a passport. If the child traveling with you is not your own, it is advisable to carry consent forms from the parents or other responsible guardians.

•    Be aware of airline security rules and basic baggage rules which specify what you can and cannot carry in your hand baggage. Due to security threats, there are many restrictions on what you can take with you. Knowing about this in advance would make it much easier to go through airport security.

•    Make sure your hotel bookings are made in advance as it may be difficult to get reservations at the last minute in a foreign country. You can even plan itineraries and sightseeing in advance.

•    Travel budget planning is important. You don’t want to spend more than you have to. If you can estimate how much you are going to spend on food, hotel stays, shopping, travel insurance and emergencies, you would have a good idea of how much you trip would cost you before you travel.

•    Be aware of your credit card limit so that you don’t get into trouble with the law for exceeding the allotted amount. Make sure you have the phone numbers of your credit card companies.

•    Try to travel inconspicuously so that you don’t become a victim of thieves and pickpockets. Going with local customs when dressing helps. If you have any valuables, keep them in the hotel safe or in a secure bag strapped to your body, if you want to carry them around. It’s best to leave your expensive jewelry at home.

•    Tag your entire luggage (inside and out) with your name, address and telephone number, so that it can be identified if misplaced or stolen.

•    Every country has a specific list of articles which are prohibited. So find out what applies to your destination and make sure you are not carrying these articles.

Finally and most importantly: get travel insurance to enjoy peace of mind. It can cover many things – from trip and hotel cancellations or interruptions, lost baggage, and medical emergencies and evacuation and to natural disasters and acts of terrorism. Make sure you buy a travel insurance policy from a reputed provider such as IMG (International Medical Group). Rich, a Fort Worth police sergeant from Texas, USA, has this to say about Patriot Insurance from IMG which came to his daughter’s rescue during her hospitalization abroad, “I recommend that everyone traveling abroad gets insurance from IMG. I certainly will!”

, , Leave a Comment more...

17
Mar/12

Get Professional Guidance to Purchase Affordable Health Insurance Ohio

by under Health Insurance Ohio
Health Insurance Ohio

Health Insurance Ohio

The individual mandate of President Obama’s health care law requires that all Americans, with some exceptions, have minimum essential coverage by 2014.  That’s reason enough for uninsured Ohioans to start looking for comprehensive health insurance coverage. With extensive experience in the field, One Source Benefits is going all out to help individuals find the right health insurance Ohio policy.

Choice is extensive as One Source Benefits represents several leading Ohio health insurance companies such as Anthem Blue Cross Blue Shield, Medical Mutual of Ohio, United HealthOne, Humana, Assurant, AETNA, Golden Rule, and Coventry One. The prices and benefits of policies would vary with provider, but they are fixed by law, and there’s no additional fee when a policy is purchased online from the website of this experienced licensed insurance broker.

This company is a one-stop shop as Ohio residents can find health insurance to meet any kind of need from its website from individual and group plans to Ohio Medicare and short-term, student, dental, travel, and life insurance policies. It’s easy to request free quotes, compare them, and enroll in a plan. Professional guidance is always at hand as One Source Benefits is backed by a team of experts committed to ensuring customer satisfaction.

Getting comprehensive and affordable coverage is the need of the day as much as guarding against insurance scams and frauds is. Partnering with One Source Benefits for health insurance Ohio can ensure this.

Call 1-877-549-1212 to talk to a personal individual health insurance consultant or visit http://www.onesourcebenefits.com for more information.

About One Source Benefits

A family-run business with more than 22 years of experience in the insurance field, One Source Benefits is dedicated to helping Ohio individuals, families and employers find health insurance plans to suit their needs and budget. The company has a team of licensed insurance brokers who are professionals in their field and offer clients professional guidance to choose the right plan and enroll in it.

, , , Leave a Comment more...

12
Mar/12

Individual Health Insurance Ohio When You Lose Employer-based Coverage

by under Health Insurance Ohio
Health Insurance Ohio

Health Insurance Ohio

According to the U.S. Department of Health & Human Services, losing employer-sponsored insurance is a risk that everyone faces – regardless of income, employment status, age, race/ethnicity, gender, and health status1. Many employers have stopped offering health insurance, many are shifting more of the cost to their workers, and others have cut their contributions towards coverage for workers’ families.

While all 50 states saw declines in employer-sponsored coverage, here are some facts reported by the Economic Policy Institute about such employer health insurance Ohio2:

•    Ohio had the seventh-largest percentage decline in insured individuals under 65 from 2000 to 2010.
•    Ohio experienced a 12 percent decline in employer-sponsored health-insurance, with the number of Ohioans with such coverage falling to about 6.2 million in 2010 compared to 7.3 million a decade ago.

Many provisions of the 2010 health care reform act are designed to increase individual coverage, but most come into effect only in 2014.  The good news is that an individual Ohio health insurance plan can provide adequate and affordable coverage – provided you buy right.

Health Insurance Ohio – How to Shop for a Individual Plan

•    Look for alternative group coverage:  Members of industry professional groups such as bar associations, chambers of commerce, medical associations or other such organizations can purchase health insurance through them. You can get an affordable plan similar to employer-sponsored coverage, but as benefits may be fewer, you need to examine it carefully before you buy. A word of caution: make sure the insurance policy is genuine.

If you are self-employed, talk to an experienced licensed health broker based in Ohio for information on a sole proprietor plan, which offers comprehensive coverage and can be cheaper than purchasing an individual plan in the private market.

•    Get professional guidance to compare individual policies:  If you are healthy and have few or no pre-existing conditions, your best option is to go to the website of a reliable insurance agent and purchase a plan online. Your agent would guide you on comparing the premiums, benefits, deductibles, and other costs of the policies offered by leading Ohio health insurance companies.

Check your deductible – the amount that you pay yearly before the health plan reimburses your medical expenses. While a high deductible plan means a lower premium, you need to ensure that your out-of-pocket expenses are within practical limits.

If the plan you’re considering has additional deductibles for prescription drugs or doctor visits, see whether the deductible is per person or per family. With a per person deductible, every family member must satisfy the deductible amount in full before coverage begins for that member. Per family deductibles can be ‘2 members per family’ or ‘3 members per family’. If the designated number of family members fully meets the deductible, then the deductible is considered met for all family members.

•    Understand the difference between a regular health insurance policy and a short-term or temporary plan: A short-term health insurance plan is a temporary alternative to traditional individual medical insurance coverage and can cover you when you are between jobs, waiting for group coverage, just out of school and other special circumstances. Most do not provide any prescription drug coverage.

•    Consider the Ohio high-risk insurance pool and CHIP: If you have a pre-existing condition and are finding it difficult to buy a traditional plan, you can get health insurance coverage through the Ohio high-risk pool which is administered through Medical Mutual and the Ohio Department of Insurance. The program, valid till other options come into effect in 2014, will cover you for rates similar to those available for healthy Ohio residents. Your children can be enrolled in Ohio’s Children’s Health Insurance Program (CHIP).

So stop worrying if you have lost employer-sponsored insurance coverage – quality, affordable individual health insurance Ohio is available. Just make sure you get professional guidance to choose the right option.

References

1 ‘Insurance Insecurity: Families Are Losing Employer-Sponsored Insurance Coverage’, http://www.healthreform.gov/reports/insurance/index.html

2 ‘More than 1M Ohioans lost employer-sponsored insurance the last decade, February 24, 2012, http://www.vindy.com/news/2012/feb/24/more-1m-ohioans-lost-employer-sponsored-insurance-/

, Leave a Comment more...

27
Feb/12

What Does Travel Insurance Really Cover?

by under Travel Insurance, Travel Medical Insurance
Travel Insurance

Travel Insurance

You are starting to plan that family vacation to Greece that you have all been dreaming of for the past five years.  Everything seems to be going great and you feel like you have kept on track with everything that needs to be done. The mail is going to be held when you are away, the neighbors are keeping an eye on the house and feeding the dog, everyone’s passports will arrive any day in the mail, everything is almost done. Then you randomly run into a friend in the grocery store and he starts to tell you about his trip to Spain, and how grateful he was that they had purchased international travel insurance for their trip. You start to research it so that you know what it covers and what it does not.  Travel insurance covers:

1. Cancellations: It’s hard to think about your dream vacation to Greece being cancelled, but things come up unexpectedly, and if cancellations are covered you will still be able to plan your vacation for another time. There are two types of cancellations: Trip Cancellation Coverage and Trip Interruption Coverage. If you have travel insurance than you will be reimbursed for pre-paid, non-refundable expenses if your trip has to be cancelled. All of these situations are covered as well:

•    “Sickness, injury, or death of you, a family member, or a traveling companion.
•    Hurricane damaging your destination or cancels your flight.
•    If you are laid off from work or required to work.
•    Terrorist incident in your destination city.
•    Bankruptcy of your travel supplier
•    Called for jury duty”

Trip Interruption covers you if you were to cancel your trip in the middle of it for any of the reasons listed above. You may also be able to be reimbursed for any last minute flights needed to return home.

2. Medical Emergencies: It is very important to know that most insurance companies do not cover you once you leave the country. Since this is the case, it is very important that you have travel medical insurance, which will cover you for emergency medical and dental care.

3. Evacuations:  Travel insurance will cover you if you have to be evacuated out of the country for a medical emergency or if a war starts within the country you are visiting. Without insurance you may end up paying $45,000 out of pocket just for the airlift to the hospital.

4. Loss or delays while traveling: Insurance will cover baggage coverage, baggage delay coverage, and travel delay coverage. With this coverage you will be reimbursed for your personal belongings and receive money to buy essentials. It would also provide you with either a meal or a night in a hotel if your flight is delayed.

5. Phone assistance 24/7 worldwide: If you are overseas in a country that does not speak the same language, you will find phone assistance extremely important. By purchasing travel insurance you are giving yourself the option to call a “lifeline” if ever needed when traveling. The lifeline will help you:

•    “Locate the nearest adequate hospital if needed
•    Organize medical transportation
•    Arrange for treatment and overcome any language barriers
•    Organize transportation home
•    Replace prescriptions in an emergency
•    Lost baggage search; stolen luggage replacement assistance
•    Lost passport/travel documents assistance
•    Travel information including visa/passport requirements
•    Emergency telephone interpretation assistance.”

After researching all these details about travel insurance, you will probably realize that it is essential to have it for your vacation to Greece. Just as a friend told you about the insurance, continue to spread the word so that people are not left in the unfortunate situation of having to pay out of pocket for anything that goes wrong on their trip. Travel insurance is as essential for traveling as it is for medical purposes, and car accidents, here in the States. Have a safe trip!

, , Leave a Comment more...

27
Feb/12

How to Avoid the Five Loopholes of Purchasing Travel Insurance

by under Travel Insurance, Travel Medical Insurance
Travel Insurance

Travel Insurance

Think about the time you go to the doctor’s office or sign any legal document. Set right before you is a pile of papers you are told to sign and date. Some people brush over the contents of the page, but are honestly so overwhelmed by all the papers that they do not thoroughly read through the details on the page. Others know the dangers of not knowing what they are signing and read each line very carefully, to make sure that they understand what they are signing for and what the consequences are if they do not uphold or keep their side of the agreement.

Purchasing travel insurance can be similar, in that there will be small print and lots of words on the documents you have to sign. Do not let this hinder you in anyway from getting the much-needed insurance, or you may find yourself wasting a lot of money on trip cancelations and foreign medical bills. In order to avoid being caught off guard because you signed something you didn’t know you were signing, read the fine print and avoid these five loopholes with travel insurance:

1. “Not a covered reason for cancellation”: make sure you understand when a cancelled trip would be covered and when it would not. A trip would be covered for “sickness, injury, or death of you, a family member, or a traveling companion, hurricane damages your destination or cancels your flight, laid off from work or required to work, terrorist incident in your destination city, bankruptcy of your travel supplier, or if you are called for jury duty”. All reasons for covered cancellations are on a Policy Certificate. Make sure you know what this is and have read it carefully. If your reason is not on this list then you will NOT be covered. There is one way to make sure that you are covered regardless of the reason for cancelation and that is to get the “cancel for any reason” option, which you can add to any plan.

2. “Pre-Existing Conditions”: travel insurance will not cover pre-existing conditions because there is a much higher risk that they will be paying extremely high medical bills for you when you travel in another country. The only way to get insurance companies to cover you once it has already been determined that you have a condition, is to get a waiver for the condition. Insurance companies guidelines for this include: “1. You need to buy insurance soon after your first trip payment, 2. You need to be healthy when you buy insurance, and 3. You need to insure the full amount of your trip”.

3. “Covered Exclusions”: There are some very specific reasons why you would not be covered under any circumstance. Here are a few examples: “self inflicted injury, driving in a motor competition, bungee cord jumping, or any criminal acts committed by you”. These exclusions are also listed in the Policy Certificate for your convenience.

4. “Incomplete Documentation”: the appropriate paperwork must be given to the insurance company in order to be reimbursed for any injury on the trip or cancellation of a trip. Make sure you obtain any important paperwork throughout your trip, including any bills you may receive. By doing this you will be able to supply the insurance company with all the proper documentation as quickly as possible when needed.

5. Enrolling Too Late: To put it simply, you cannot purchase insurance to travel to a country that is about to break out in war. You cannot obtain insurance when something has already been predicted to happen. In order to avoid trying to get travel insurance when it is already to late, get insurance as soon as you know the trip is definitely happening.

As time consuming as it may be, read the small print before you sign for any travel insurance. By doing this you ensure that you and your family are going to have a safe trip and will not be surprised if something is not covered. Never hesitate to ask your insurance company if you have any questions or are unsure if something is going to be covered or not. Enjoy your trip!

, , Leave a Comment more...

27
Feb/12

What You Should Know About The Two Types of Travel Insurance

by under Travel Insurance, Travel Medical Insurance
Travel Insurance

Travel Insurance

Travel insurance is an essential for traveling, whether you are going on a family vacation or a business trip. When starting to look into Travel Insurance you may be a little lost and a little overwhelmed by all the choices. Though it may seem like there is a lot that goes into it, it can be quite simple if it is laid out for you. There are two types of Travel Insurance: Vacation Plans and Travel Medical Plans.

Vacation plans, as you probably know, is a great plan for those going on a vacation. You may also know them as: “Package Plans, Travel Insurance, Trip Cancellation Insurance, or Trip Insurance.” What very few people realize is that “over 95% of travel insurance sales are Vacation Plans”. A Vacation Plan is an incredible way to be covered especially if you run into any unforeseen situations. Vacation Plans cover: “canceled trips, interrupted trips, medical emergencies, emergency evacuation, delayed baggage or trips, lost baggage, and 24/7 assistance,” along with other types of coverage as well.” The second type of insurance is the Travel Medical Plan.

The Travel Medical Plan will cover you when you are on a trip out of your homeland, but will not cover cancellations like the Vacation Plan does. One thing that can be overlooked when traveling is considering if your health insurance plan, which you have in your country, will cover you once you leave your country. In some situations, you might be covered, but this is very rare. Make sure that you check with your health insurance company before purchasing a Travel Medical plan so you do not have two types of insurance that cover the same thing.  The travel medical plan will cover two things, which would otherwise be very expensive for you to pay out of pocket. It will cover: “medical expenses, and emergency evacuation”.  It is crucial to have this kind of coverage or you will possibly end up paying tens of thousands of dollars to cover your medical expenses in the destination country.

In addition to the vacation plan and the travel medical insurance plan, there are special plans that cover specific situations. You can purchase: Evacuation Plans, Travel Accident Plans, and Rental Car Plans. Evacuation plans are for medical emergencies and cover your transportation to the best hospital facility. Accident plans are primarily for injuries that result in dismemberment or loss of life. Rental car plans cover you for accidents you may have while driving a rental car. The most important thing is that you purchase either a vacation plan or travel medical insurance plan when going on a trip. Any of the three additional plans would be great to look at once you know the type of traveling you will be doing and the situations that you may run into.

, , Leave a Comment more...

27
Feb/12

The Top 10 Questions Every Traveler Asks

by under Travel Insurance, Travel Medical Insurance
Travel Insurance

Travel Insurance

When getting ready to go on a trip it is smart to start asking questions about the travelers insurance you have and how it will affect you and your family. By doing this, you will be completely prepared to go on your trip and know exactly what will and will not be covered. Because people travel frequently, there are some questions about travel insurance that get asked more often than others. I would like to inform you of the top ten questions that every traveler asks and what the answers are.

1. “Doesn’t my credit card have travel insurance?”: Although we all would wish the answer to this would be yes; unfortunately no, your credit card does not have travel insurance. If it does provide even a little bit of travel insurance, it is not going to cover you in the areas of “medical expense or evacuation coverage”.

2. “Won’t my regular health insurance cover me abroad?”: Although some health insurance companies may cover some things, while you are traveling abroad, a majority of your medical expenses will not be covered. And your major medical expense if something happened would be your evacuation which no regular health insurance company will cover.

3. “Will my cruise line refund me?”: The way that most cruise companies work is that they usually refund you up to about two weeks before you leave for the trip. Unfortunately though they will not be giving you back a full refund no matter when you cancel, and once you are only two weeks away you will receive no money back if you cancel.

4. “Are hurricanes covered?”: When purchasing your travel insurance make sure hurricanes are listed on the insurance companies “covered reason for cancellation”. A lot of times if a hurricane is already expected to take place somewhere you will not be able to buy travel insurance if you are traveling to that location.

5. “Are pre-existing conditions covered?”: To many people’s surprise, pre-existing conditions can be covered. Usually for a pre-existing condition to be covered though you have to have a waiver stating you do not have that condition any more. You must follow these guidelines: “1. Buy your plan soon after you first trip payment, 2. Insure for the full trip cost, 3. Be medically cleared for travel at the time of purchase”.

6. “What does travel insurance cost?”: The cost of travel insurance can vary a lot depending on the type of coverage you are looking for, and how many people you will be covering with the plan. One easy way to look at it though for figuring out how much your travel insurance will cost personally, is to figure it will cost about “4-8% of the trip cost”.

7. “When should I purchase my plan?”: As soon as you know that you are taking a trip and especially once you have already started putting money down for the trip, you should be purchasing travel insurance and medical evacuation insurance.

8. “How do I know I can trust the company?”: That is a great question! Make sure you do research before purchasing the insurance through the company. See how many years of experience the company has. Do they have many complaints? If they do have complaints what are they about? By doing your research and talking to others about the experiences they have had with travel insurance companies, you will begin to narrow down your search and purchase through the company you feel most comfortable with.

9. “What is the refund policy?”: Although it may cost just a very small fee “a 100% refund of premium within the Free Look Period is guaranteed by all companies”.

10. “How do I buy travel insurance?”: Buying travel insurance is quite easy and can be purchased in just a short amount of time online. After you decide which company you would like to work with, purchase a policy. Call an independent agent to make sure you are getting exactly what you want.

These ten answers should put you in a great spot to order travel insurance, since all of your main questions have been answered. Once you know which insurance company you will be working with, do not hesitate to call an agent with any more questions that you may have. By doing this you will be able to be very confident with your purchase, and be ready to have an enjoyable stress-free trip.

, , Leave a Comment more...

27
Feb/12

Crucially Important Steps After You Purchase Travel Insurance

by under Travel Insurance, Travel Medical Insurance
Travel Insurance

Travel Insurance

Congratulations, if you are interested in what to do after you have purchased travel insurance, than you must have already looked into the different travel insurance companies and purchased a plan. It is a great feeling isn’t it? Knowing that you are going on this family vacation or business trip completely insured? If anything happens you will know if you are insured for it or not, and have a travel insurance company that you can be in contact with 24/7 with any questions. So what do you do now that you have purchased your plan?

1. “Print your confirmation email”: To print off your confirmation email may seem like such an easy step. But you would not want to be caught without a hard copy of it. Proof of your purchase is a necessity, because all of your emergency contact information is listed on it. Carry this with you, wherever you are traveling.

2. “Review your policy certificate to verify your coverage”: Every travel insurance company has what they call a ‘policy certificate’. Listed on the policy certificate are all the things you will be covered for on your trip. To make sure you are completely satisfied with the plan you choose and the coverage it gives, insurance companies offer a “Free Look Period”. During a free look period, customers have a chance to look at their plans and make sure that everything is included that they would like. During this period, you can also return your plan and receive a full refund.

3. “Read the Exclusions Section”: By looking over your policy certificate as is highly suggested in point two, you will see a section called the “Exclusion Section”. You must read the Exclusion Section! If you fail to read this, you may very easily think that something is covered that is not. This can be avoided if you may sure you carefully read the exclusion section.

4. “Contact your insurance company immediately with any claims questions”: If you start to question even the smallest thing about your trip, call the travel insurance company. They have 24/7 services specifically for you and to answer ANY question, regardless of how insignificant it may seem to you. If you are paying for their services, use them.

You are probably very close to your trip at this point, and do not want to have any doubts about the travel insurance you have. Be attentive to each of these four steps listed and you will be prepared and ready for a great trip.

, , Leave a Comment more...

22
Feb/12

Examples of “Real Life” Travel Risks

by under Travel Insurance
Travel Insurance

Travel Insurance

Sometimes when preparing for a vacation or business trip we don’t want to think about the things that could happen when we are on our trip. We want to live in the fantasy that everything is going to be fine, and hopefully, it will be. Many know though that sometimes there are situations that arise that have to be dealt with, and if you do not have travelers insurance you are at risk for possibly having to spend a lot of money. I am going to inform you of seven risks you take when traveling without travelers insurance. Please do not let these risks scare you into not traveling, but just be aware of them when you do. Here are the seven risks:

1. First is the risk is someone getting sick. If someone gets sick you may not be able to go on that trip that you have been planning. Without travel insurance, that covers you when you have to cancel your trip, you may find that you have just lost thousands of dollars because of sickness in the family.

2. Second is the risk of something happening to the place you are booked to stay on your vacation. This may be because of hurricane, tornado, fire etc. but either way the money you have already put down to stay there has now been lost.

3. Third, a situation that could arise, although we hope not, is a family emergency. Say your mom was in a car accident and they do not know if she is going to make it. You may have to leave your trip early and buy a plane ticket home. This will cost you a lot of money unless you have insurance that covers trip cancellations.

4. Fourth, another unexpected situation that could take place is someone on the trip slipping and hurting themselves, which requires them to go to a foreign hospital. One thing that you must know before traveling is that most health insurance companies do not usually cover you if something happens while you are out of the country. This means that if you do not have travelers insurance you will be expected to pay the entire medical bill out of pocket.

5. Fifth, an unexpected incident would be if you would have to be airlifted for any unexpected injury. In some cases an emergency helicopter airlift can be over $45,000.

6. Sixth, one thing that can be overlooked while traveling is how confusing and time-consuming things will be if you get hurt overseas or lose your passport. Everything becomes more complex if you do not speak the language. If you have travelers insurance though, you will have a toll free number you can call at anytime that will walk you through the steps you need to take for the situation that you are in.

7. The seventh thing that may be overlooked by some before traveling is the possibility of loosing your luggage. With travelers insurance they will reimburse you for things that are lost and help you replace the items inside.

As you can see it is quite simple as to why you need travel insurance when traveling, whether it is for a short or long-term trip. It will save you and your family a lot of money and a lot of stress. Start today to search for the best travel insurance for you and your family.

, , , , Leave a Comment more...

Copyright © 2010 One Source Benefits. All rights reserved.