Travel Medical Insurance Demand Grows Nearly 70%: Business Traveler USA
The Schengen countries and much of the Caribbean are among the destinations currently requiring travel medical insurance
Demand for travel medical insurance continues to be strong, with one company reporting 67% more policies sold for trips planned in 2022 compared to 2019.
According to data from WorldTrips, a provider of travel medical insurance and travel protection products, demand is spurred as more destinations adopt travel insurance requirements for tourists amid the COVID pandemic. -19 is entering its third year.
As of early January 2022 (but subject to rapid change), some of the world’s most popular destinations require some form of travel medical insurance for incoming visitors. These include many Caribbean countries, such as Aruba, the Bahamas, the British Virgin Islands and Jamaica.
All 36 Schengen countries in Europe require travel insurance for stays longer than 90 days. The insurance must include a minimum of €30,000 ($34,000) of coverage and must cover emergency medical care, medical repatriation and expenses related to the traveler’s death.
Destinations in Southeast Asia include Singapore, Thailand and Laos, and in Latin America, Argentina, Chile, Costa Rica and Ecuador – including the Galapagos Islands – are on the list.
Experienced international travelers know that many regular health insurance plans offer limited coverage outside the home country of the insured, while others provide none. Travel medical insurance plans provide travelers with coverage for unexpected medical expenses while traveling.
However, not all travel insurance plans are the same. be sure to review the coverage descriptions contained for any plan, including any coverage related to eligible expenses related to COVID-19 and emergency medical evacuations.