Medical evacuation insurance provides coverage in an emergency, especially when you require immediate evacuation for medical treatment. The insurance policy will ease transportation costs to the nearest health facility, often by an air ambulance or helicopter.
Although medical evacuation insurance is vital for anyone, it offers many benefits to people who travel to and from remote areas. What is the cost of medical evacuation insurance? Let’s find out in today’s post.
Cost of Medical Evacuation Insurance?
Research shows that medical evacuation insurance has an average cost of $200 per year. Your insurance policy will cover all medical trips for 12 months. Likewise, a single-trip medevac insurance plan costs $45 to $70, depending on the insurance provider.
Make sure your insurance company covers you if the health condition is life-threatening. Choose an insurance agency that approves all types of medical and emergency evacuations.
Medical evacuation coverage allows you to get treatment in a hospital with all the necessary equipment and tools. You won’t have to pay the expenses out of your pocket. Medical evacuation insurance covers you even if you require the most appropriate treatment center than the nearest facility.
While this would have cost tens of thousands of dollars, you can avoid the expenses through medical evacuation coverage. The average cost of medical evacuation insurance is between $200 and $300, depending on various factors, such as your age, individual or family plan, single-trip, annual insurance, trip length, and optional coverage.
Emergency evacuation is another type of medical insurance covering people threatened with environmental problems, natural disasters, hurricanes, etc. Remember, this type of insurance may or may not cover illnesses or injuries. The cover protects you by ensuring you are evacuated from the location of risk.
Every situation is different, meaning the cost of emergency evacuation with or without medical reasons depends on your location, available resources, the severity of the problem, and the location of the nearest facility. Emergency evacuation is very expensive, especially if you need to travel back to the U.S from abroad.
For instance, if you need evacuation from Mexico, it will cost $15,000 to $20,000. Likewise, the cost is 100,000 for South American countries, 50,000-100,000 for European nations, 90,000 to 150,000 for Russia, and over 220,000 for the Middle East, Australia, and Asia.
Because emergency evacuations can cost a lot of money, we recommend you have insurance coverage. It will lower the cost to $300 to $500 per trip or annually, depending on the type of plan you choose.
There are three primary types of evacuations: medical, emergency, and political evacuation. All these evacuations have different coverage options within the insurance plans. Most companies that offer comprehensive programs include medical and emergency evacuation coverage in the premiums.
If you have a basic insurance plan, the provider may require you to add medical evacuation insurance separately. Therefore, it is essential to do your research, determine the costs, and compare the findings to choose a plan that best fits your needs.