Travel Insurance…Older People

Mature Couple on Vacation

You have worked hard your entire life, and you’ve put away a little money.  You are blessed to be in reasonably good health.  Now it’s time for you and your partner to enjoy the fruits of your labor.  The goal was to take a trip or two each year without the pressure and time constraints experienced as members of the work force.  But, along came Covid-19 to disrupt all of those plans.  The entire world was on lockdown for the better part of two years.  As the pandemic shows signs of a retreat, everybody is anxious to come out of hiding with retired people leading the charge.  The improvements to travel insurance should encourage people, and especially those older people who are beginning to make travel plans once again.

Step One

Decide on a destination.  It is important to know the requirements and restrictions of your desired destination.  Do you want to travel within the country or is international travel your goal?  What would happen if you suddenly became ill, had an accident or contracted Covid-19 while away from home.  Each destination has its own set of requirements that must be met or adhered to before returning home, should you fall ill while on vacation or during your visit.

Steps

Step Two

Make plans to purchase travel insurance.  Travel insurance protects an upcoming trip against interruptions, cancellations, flight delays, lost luggage, and limited medical coverage.  It is important to know exactly what coverage is provided and what is excluded before completing the purchase.  It is imperative that any travel insurance policy purchased has coverage for Covid-19 especially for international travel.  The rules are pretty simple for

traveling back to the U.S.  You have to either take a rapid test a day before your return trip or show documentation that you’ve recovered from Covid-19 in the past 90 days.  If you get infected while on vacation or can’t get a test in time, you will be extending your stay and that could prove to be very expensive.  Also, pay close attention to what may not be covered such as:

  • Extreme activities that involve the risk of death
  • Playing professional sports
  • Learning to fly a plane
  • Medical travel
  • Dental treatment
  • Pregnancy

Step Three

Set aside emergency funds and or a credit card with an ample unused limit.  The fact that you’ve purchased a travel insurance policy is great.  However, if the unexpected should happen, you may have to cover some of those unexpected costs in the short run while going through the claim process to be reimbursed for any covered costs.  Some of those costs could include, but not be limited to:

  • Sickness
  • Lost Luggage
  • Theft of Belongings
  • Rebooking a Flight
  • Hotel Stay
  • Meals
  • Emergency Evacuation
  • Disaster related Expenses
  • Medical Expenses

Step Four

Emergency Contact and Assistance Coverage.  Before going on this much anticipated and well deserved trip, have an emergency contact plan in place.  If the unexpected were to happen, a small team of reliable contacts will prove beneficial in keeping things together until you are back to normal.  I should also mention, many travel insurance policies provide Assistance Coverage.  This is a phone number reachable from anywhere in the world, at any time of day or night. Make sure your plan extends coverage to the country to which you intend to travel.

Conclusion

There is an old but wise saying that states “If you fail to plan, you plan to fail”.  I say this as a reminder for all fellow travelers and especially to my older fellow travelers that now is as good a time as any to put those travel plans back in play.  However, please be sure to employ these few simple steps to make sure you have a fun filled, safe and enjoyable travel experience.

I look forward to reading your comments and don’t forget to share this article with friends and family.

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