When travel is a necessity, the last thing many businesses think about is travel risk management. Generally, American medical insurance is not accepted overseas, nor do Social Security, Medicare and Medicaid provide coverage for hospital or medical costs outside the United States. Employers purchase this supplemental medical coverage for their employees that their current health plan does not supply. For example, medical travel insurance will pay for medical evacuation by helicopter if traveling in a place with inadequate facilities. This cost alone could be up to $50,000.
- Accidental Death and Dismemberment
- Emergency Evacuations
If you have employees who travel internationally for business purposes, you should find out exactly what your current health plan covers, in the event the employee needs medical treatment overseas.
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