Whether at home or while traveling, an accident or mishap can happen at any time or to anyone. Given the ever-rising medical costs, it has now become a necessity to have knowledge of medical travel insurance plans. If you are going to get medical insurance, you will be surprised to know that there are two types of insurance – primary and secondary insurance.
Not everyone is familiar with different levels of care. If you are also one of those, don’t worry! In this article, you will learn about everything you need to know about Medical Travel Insurance Plans.
What Is Medical Insurance?
Medical insurance is basically an insurance coverage, which pays for the medical, dental (sometimes) and surgical expenses of a person. If you have any injury or illness, your medical bills will be reimbursed to you or your care provider will be paid directly.
1. Primary Medical Insurance
Primary medical insurance is an insurance that offers coverage to a person as a subscriber, employee, or member. Whenever you receive health care, primary medical insurance is billed first.
This type of insurance will process your claim as if you have no other insurance plans. It pays before any other insurance you might have.
2. Secondary Medical Insurance
Secondary medical insurance is a type of health insurance that covers you along with your primary insurance plan. Basically, secondary medical insurance will kick in once you have fully exhausted your primary insurance plan. This insurance will help you cover additional costs of health care.
Secondary medical insurance may pay coinsurance, deductibles, and co-payments.
Note: If you don’t own primary medical insurance, secondary medical insurance will automatically act as primary medical coverage.
Characteristics of Medical Insurance
- Medical Travel Insurance Plans center more around health care coverage than on travel-related coverage. Likewise, travel insurance plans cover medical expenses, yet predominantly cover travel-related issues such as lost luggage, trip cancellation, flight delay, lost documents, etc.
- Medical travel insurance plans are issued for a longer duration than regular travel insurance plans.
- Travel medical insurance plans are billed based on the traveler’s age, medical history, and travel length. Regular travel insurance that covers several other things like trip cancellation, flight cancellation, delay, etc. is mainly due to the trip cost. Therefore, travel medical insurance plans are relatively cost-effective than regular travel insurance plans.
Health insurance plans and medical travel insurance plans are different. If, unfortunately, you have suffered an illness or injury while on a trip, you need to pay your medical bills up front.
However, before buying an insurance plan, make sure to compare various insurance plans from different companies. In fact, you can ask for free insurance quotes from a variety of companies online.
Further, before traveling and buying the insurance plan, make sure to read the terms and conditions, so you don’t concur with any extra charges and get the best out of your plan.