Research tells us that more retirees are traveling than ever before. The AARP shares in the 2017 Travel Research Survey that “most Boomers (99%) will take at least one leisure trip in 2017, with an average of five or more trips expected throughout the year.” There continues to be a steady trend that Baby Boomers and older age groups will travel abroad as well, as opposed to staying in the continental United States. How much do you really know, however, about health care when traveling?
Both retirement and travel should be fun! The key to you and your senior loved ones having fun, however, is preparation. Unfortunately, a healthcare crisis can happen at any time. In most instances, traditional Medicare will not pay for your health care needs overseas. Let us share our insights with you on how to best protect yourself as a senior when you travel overseas.
1. Carefully review your health care coverage before you travel.
Traditional Medicare only provides healthcare coverage in the United States and its territories. Therefore, if you’re traveling to tropical destinations such as Puerto Rico, Guam, or the Virgin Islands, Medicare coverage will basically be the same. If you’re traveling outside the United States, however, you may not have any healthcare coverage. Before you leave, it is critical to read through your Medicare plan policy to know what is covered and what is not.
2. Travel with enough medicine to be covered for a longer duration of time.
Most Americans today take at least one prescription medicine. When packing for a trip, it may seem logical to pack just enough medicine to cover the duration of the trip. Best practice when traveling, however, is to pack enough medicine for at least one week beyond your scheduled travel days. You never know when airlines, cruise ships or your travel plans can be significantly delayed or how difficult it will be to have your emergency medicine order shipped to you.
3. Purchase a travel health care insurance policy.
One of the best ways to protect yourself while traveling is to purchase a travel health care insurance policy. Travel health care insurance policies are designed to provide for a gap in your existing coverage. Foreign doctors, hospitals and expedited medicine shipments can all be a part of the coverage. Be sure to read the policy before purchasing it and make sure none of the activities you are considering taking part in are excluded from coverage.
4. Look into emergency evacuation coverage.
In extreme medical situations, you may need to be transported back to the United States by ambulance. This can be extremely costly and not covered in any way by your health care plan. You may want to consider foreign transport or ambulance insurance when you are traveling abroad to make sure every contingency is covered.
Whether you are traveling abroad or staying close to home, when it comes to elder care planning preparation is key! Don’t wait to speak with a member of our legal team about the planning you and your loved ones need today.