How Much Visitor Insurance Coverage Do You Need?

By DerrikKyle on May 6, 2010, 10:28 am

When making a determination as to how much visitor medical insurance coverage one needs, it must be taken into account that there is no way to accurately estimate the costs of any medical treatment that may be required. It is best to make a generous estimate.Given the high prices of hospital stays—which often are as much as $2,500 per day—it makes sense to estimate high. If intensive care stays are needed to treat an injury or illness, the cost will be much higher. These stays can easily run in the range of $35,000.The $35,000 sounds astronomical, but it doesn’t include the costs of surgery. An emergency heart surgery may run over $100,000. That heart surgery may never be needed, of course, but unexpected and impossible are not mutually exclusive terms and the financial burdens of such an emergency can be immense.Being in a foreign land can magnify the dangers of life-threatening situations, making a trip home to receive treatment out of the question. Travel itself induces stress upon the body and doctors will likely not let a patient in such a situation endure a long trip home which can cause additional complications.Emergency medical conditions such as heart attack and stroke most often range in tens of thousands of dollars for treatment. Adding a hospital stay to this figure, the costs become far too much for most people to handle, and they add up quickly.For younger visitors, start with a figure of $500,000 in coverage. This ensures that a visitor medical insurance policy is adequate to cover any unexpected emergencies that may arise. The odds of expensive conditions are smaller with young people, but the chance is there.For older persons, the amount of available insurance is generally less. Most have a ceiling of $100,000 in coverage. That maximum should be purchased. Those over 70 years of age may have a lower ceiling of around $50,000 due to their advanced age and the complications it can lend to any emergent condition.The recommended rates of coverage vary according to age and existing health condition. The costs of medical care are notoriously high and one should make an effort to protect themselves from these costs.

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