If you’re not working full-time anymore, you may be taking
trips you didn’t previously have the time or money to take. If so, you may want
to think about travel insurance. These policies typically cover trip cancellation,
delay, or interruption. This coverage can help reimburse your costs if a trip
is cancelled or delayed due to a medical emergency, a force of nature, or other
things beyond your control.
Travel insurance is something to discuss with your insurance
agent. Some questions to consider are:
Should I buy travel
insurance for this trip?
That really depends on you. This decision will vary based on the trip you are
planning, your risk tolerance, the level of coverage you want, and your
finances. This is a good topic of discussion with you insurance professional.
How much does travel
Like any type of insurance, costs vary greatly depending on the coverage
you buy, the length of the trip, where you are going, the number and ages of
the people traveling, and of course, different insurers may charge different
Will my health
insurance cover me on a trip?
That depends your health plan and where you are going. Before you leave, especially if you are going
out of the country, call the Member Service number on the back of your
insurance card and ask if you will be covered on your planned trip.
More information on travel insurance is available from the
National Association of Insurance Commissioners’ Consumer Alert on Travel.