HOW MUCH DOES TRAVEL MEDICAL INSURANCE COST?

How Much Does Travel Medical Insurance Cost?

Good news: Many travel medical policies start at less than a dollar a day. Costs can vary widely depending on factors such as coverage level, age, destination, and trip length. A full week of coverage may cost less than $5 or more than $100.

Generally, the cost of a travel medical insurance policy is lower if:

  • you choose a lower overall maximum coverage limit
  • you choose a higher deductible
  • you fall into a younger age group
  • you are traveling outside the U.S.
  • you are taking a shorter trip

How Much Does Travel Medical Insurance Cost for One Week?

For Travel Outside the USA:

The Atlas International policy from Tokio Marine HCC – MIS Group starts as low as 44 cents per day, or $3.08* for one full week of coverage.

The maximum possible premium is $12.65 per day, or $88.55** for a full week of coverage. 

*Costs based on the Atlas Travel daily rate in 2018 for a traveler in the youngest age group (14 days - 29 years) who is traveling outside the U.S. with the highest deductible ($5,000) and the lowest overall maximum coverage limit available to this age group ($50,000).

**Costs based on the Atlas Travel daily rate in 2018 for a traveler in the oldest age group (80+) who is traveling outside the U.S. with the lowest deductible ($0) and the overall maximum coverage limit available to this age group ($10,000).

For Non-U.S. Citizens Traveling to the USA:

The Atlas America policy from Tokio Marine HCC – MIS Group starts as low as 77 cents per day, or $5.39* for one full week of coverage.

The maximum possible premium for travel within the U.S. is $14.97 per day, or $104.79** for a full week of coverage. 

*Costs based on the Atlas Travel daily rate in 2018 for a traveler in the youngest age group (14 days - 29 years) who is traveling to the U.S. with the highest deductible ($5,000) and the lowest overall maximum coverage limit available to this age group ($50,000).

**Costs based on the Atlas Travel daily rate in 2018 for a traveler in the oldest age group (80+) who is traveling to the U.S. with the lowest deductible ($0) and the overall maximum coverage limit available to this age group ($10,000).

Learn More About Atlas Travel Insurance

More About How Travel Medical Insurance Costs Are Configured: The Daily Rate

Most travel medical policies charge a standard daily rate - applied per person and per day - that’s based on:

  • Your age (and the ages of any other travelers on your policy) — Your age determines which age group you fall into, which in turn influences your daily rate. As your age group increases, you’ll likely see an increase in your daily rate (and vice versa).
  • The deductible you select — This is the predetermined dollar amount of eligible expenses that you must pay before your travel medical plan will begin to cover its share of your remaining eligible expenses. As you increase your deductible, your daily rate will likely decrease (and vice versa).
  • The maximum coverage limit you choose  This is the maximum amount your policy will pay for covered expenses. As you increase your maximum coverage limit, expect your daily rate to increase (and vice versa).
  • Whether your travel includes the U.S. — Note that travel medical coverage for U.S. travel is only available to non-U.S. citizens.

This daily rate per traveler is then multiplied by the number of covered days, resulting in a total cost-per-person. Add up each cost-per-person and voilà — you’ve got the price* of your travel medical plan!

Understand that the daily rate will vary from plan to plan, so be sure to compare coverages — not just prices. Because the daily rate is applied per person and per day, expect shorter trips and policies with fewer members to cost less, and longer trips and policies with several members to cost more.

Learn how to choose the best travel medical insurance policy for you.

*Additional surplus lines, taxes, and fees may apply to Florida residents and/or individuals traveling to Florida.

A Practical Cost Example

Take Tokio Marine HCC - MIS Group’s Atlas Travel insurance, for example. This plan offers deductibles between $0 and $5,000 and maximum coverage limits between $10,000 and $2,000,000.

Daily rates for members are broken down into the following age groups:

  • 14 days - 29 years old
  • 30 - 39
  • 40 - 49
  • 50 - 59
  • 60 - 64
  • 65 - 69
  • 70 - 79
  • 80+

Say you’re a 32-year-old traveler from the U.S. heading to Ireland on a 10-day vacation. You choose a $100 deductible and a $1,000,000 coverage maximum. Based on your deductible, age group (30-39), and coverage maximum, an Atlas Travel policy would assign you a daily rate of $1.67.

Since you’re seeking coverage for 10 days, your total cost would be $16.70 ($1.67 per day x 10 days).

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