 Spread those wings! | "What do you want to do when you retire?" The answer to the above question is often one word: travel. Many people want to have adventures and create memories the world over and what better time than after retiring. |
Traveling is fun, but it also takes a lot of thinking and planning. Where will you go? Where will you stay? How will you get there? What will you do for food? If international, will your phone work? What activities are you doing? Will they be dangerous? What if something happens and you get sick or hurt?
For that last question, we have a helpful solution: travel insurance.
For that last question, we have a helpful solution: travel insurance.
What is travel insurance? It is simply insurance coverage to help reduce risk of loss associated with traveling.
What's covered? Trip cancelations or interruptions, baggage and personal effects coverage, major medical coverage, accidental death during a flight, or flight accident. Details for these categories will vary per policy.
How long does coverage last? Coverage can be bought as per-trip coverage, multi-trip coverage, or an annual policy.
Travel insurance is important, especially if you're going on an international trip. You can cover accidents, sicknesses, coverage for a ticket and more. Here are some tips for seniors on travel as you plan your getaways in your retirement years:
- Choose destinations that suit your interests and your active levels.
- Check your health insurance and your Medicare Supplement Insurance policies. Are there any covered travel benefits? Do they provide international emergency coverage? Is there medical evacuation coverage?
- Bring medications with you, just in case. It's wise to order a 90 day supply in advance.
- Carry a medical information card with you - your personal details, medications you take, basic medical history. You never know when that will be needed.
- Carry a mini emergency medical kit/first aid kit with you.
- Think about having a pre-trip medical exam, find out if, and what, shots may be required when traveling internationally. See if there are any health risks for traveling there.
- Find a trusted agent to help you with buying travel insurance.
Sources:
- Travel Insurance, Investopedia
- "10 Important Tips for Traveling Seniors", April 1, 2013, Damian Tysdal, Travel Insurance Review
What's covered? Trip cancelations or interruptions, baggage and personal effects coverage, major medical coverage, accidental death during a flight, or flight accident. Details for these categories will vary per policy.
How long does coverage last? Coverage can be bought as per-trip coverage, multi-trip coverage, or an annual policy.
Travel insurance is important, especially if you're going on an international trip. You can cover accidents, sicknesses, coverage for a ticket and more. Here are some tips for seniors on travel as you plan your getaways in your retirement years:
- Choose destinations that suit your interests and your active levels.
- Check your health insurance and your Medicare Supplement Insurance policies. Are there any covered travel benefits? Do they provide international emergency coverage? Is there medical evacuation coverage?
- Bring medications with you, just in case. It's wise to order a 90 day supply in advance.
- Carry a medical information card with you - your personal details, medications you take, basic medical history. You never know when that will be needed.
- Carry a mini emergency medical kit/first aid kit with you.
- Think about having a pre-trip medical exam, find out if, and what, shots may be required when traveling internationally. See if there are any health risks for traveling there.
- Find a trusted agent to help you with buying travel insurance.
Sources:
- Travel Insurance, Investopedia
- "10 Important Tips for Traveling Seniors", April 1, 2013, Damian Tysdal, Travel Insurance Review
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