If you or your employees fly internationally for business, you may want to invest in a foreign travel insurance policy. While covered with world travel insurance, you can rest assured that you and your employees can access affordable healthcare while abroad.

When you have foreign travel personal insurance, you’ll likely only need to pay a deducible or co-pay while seeking treatment in an international hospital or physician’s office. You can choose the level of coverage as well and opt for only emergency medical care.

1. Find travel insurance for foreign visitors. Determine which companies offer international travel insurance.

2. Pick the type and period of coverage for your travel abroad health insurance. You’ll want to determine maximum benefits and timeframe of active coverage.

3. Take out a world travel insurance policy. Pass along the benefit details to employees that will gain coverage under this account.

Action Steps
The best contacts and resources to help you get it done

Determine coverage inclusions of abroad travel insurance

Eligibility and special conditions will differ between each foreign travel insurance company. When you first begin to research policies, you'll need to inquire about age, location and time restrictions posed on the policy. Also if you plan to engage in hazardous activities while abroad, you may not have the ability to collect benefits.

I recommend: Read through the foreign travel insurance inclusions posted by Travel Insured International. The company provides coverage amount as well as eligibility requirements. Download the pdf file for additional benefits information. Go over the business travel insurance from Travelex Insurance Services to see whether you can receive benefits.

Locate low cost world wide travel insurance

Since foreign travel insurance is a supplemental type of insurance, you're not going to want to spend a lot of money for a policy. Shop around in order to find the lowest quoted price on abroad travel insurance with substantial benefits.

I recommend: You’ll find affordable international travel insurance made available by AIG Travel Guard. Put in some basic information about your location and destination to receive fast quotes on policies. Choose one of the plans from the New York International Group if you want an affordable and reliable foreign travel medical insurance plan.

Choose your health insurance for foreign travel policy

After receiving quotes, your insurance broker will likely give you multiple world travel insurance options. Decide on whether you want to include options, such as major medical, emergency dental, prescription benefits, evacuation, and medical return. The more options that you include, the higher your premium or deductible amount you will need to pay.

I recommend: On WorldwideMedical, you’ll find multiple policy types open to foreign travelers. The most basic plan will cover emergency medical care while more in depth policies include trip cancellation insurance as well. You’ll have a choice between long term and short term coverage from International Medical Group if you decide to take out one of their policies.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  The maximum time of coverage for most foreign travel medical insurance policies is 12 months. After that period, you can look into renewal options in order to extend the coverage.