Plan Then Go

Travel Insurance Basics

Travel insurance isn’t the most exciting part of trip planning, but it might be the most important. One medical emergency abroad can cost more than every vacation you’ve ever taken — combined.

What Travel Insurance Actually Covers

A good comprehensive travel insurance policy typically covers four main areas:

  • Trip cancellation/interruption — reimburses non-refundable costs if you need to cancel or cut your trip short

  • Medical emergencies — covers doctor visits, hospital stays, and medical evacuation abroad

  • Baggage loss/delay — compensates you if luggage is lost, stolen, or significantly delayed

  • Travel delays — covers meals and accommodation for significant flight delays

Why It Matters More After 50

As we age, the likelihood of needing medical care increases, and many countries don’t accept foreign health insurance. A hospital stay in Europe can cost $5,000–$15,000 per day, and medical evacuation (flying you home for treatment) can exceed $100,000. Medicare does not cover you outside the United States.

Travel insurance for travelers over 50 may cost slightly more, but the coverage is more valuable than ever. Look for policies that cover pre-existing conditions — many do if you purchase within 14–21 days of your first trip deposit.

How to Choose the Right Policy

Compare policies on sites like InsureMyTrip or Squaremouth, which let you filter by coverage type, age, and destination. Key things to look for:

  • Medical coverage of at least $100,000 (preferably $250,000+)

  • Medical evacuation coverage of at least $250,000

  • Pre-existing condition coverage (with timely purchase)

  • “Cancel for any reason” upgrade (if available) for maximum flexibility

  • 24/7 emergency assistance hotline

💡 Pro Tip

Buy travel insurance as soon as you make your first non-refundable booking. Many time-sensitive benefits (like pre-existing condition waivers) start ticking from that first payment date, not from when you purchase the policy.

Annual vs. Per-Trip Policies

If you travel more than two or three times a year, an annual multi-trip policy can save you money and hassle. You’re covered for every trip during the policy year without having to purchase separate insurance each time. Just verify the per-trip duration limits match your travel style.

Your Next Step

Get a free quote for your next trip on InsureMyTrip.com. Compare at least three policies side by side, paying close attention to medical coverage limits and pre-existing condition terms.