An acquaintance of mine took a trip with his family last year and didn't buy a Travel Medical Insurance policy because his credit card had a travel insurance feature. He thought he was covered if anything happened on his trip. Boy was he wrong! A few days into their vacation my friend had an acute appendicitis attack and had to be hospitalized, problem was they were no where near a decent facility. He had to be taken to a hospital a few hundred miles away and since it was an emergency it had to be by helicopter to him there in time.
He found out that his "credit card insurance" covered none of this so he had to pay for it out of his own pocket (read credit card). To make a long story short he is fine now but he and his wife are still paying off the credit card balance for the emergency and will be for probably two more years.
How could he have avoided the financial pain of his??appendicitis attack? Actually it would have been really easy, he could have bought a Travel Medical Insurance policy to protect him and his family during their two week vacation. A good policy could have been purchased for about $70.00, with a $0 deductible and a $500,000 policy maximum, which would have covered him, his wife and child. His out of pocket expense would have been zero.
No comments:
Post a Comment