XML Financial Group Blog

Medicare coverage when traveling: What to know.

Written by XML Financial Group | Jul 24, 2024 12:30:00 PM

Traveling during your 'golden years' can be exciting and enriching. You finally have the time to take more extended vacations and kick back and relax. Someting you may not have been able to do while still working. You likely spent weeks or even months planning. However, one important part of planning travel can be ensuring medical coverage.

 

Medical emergencies can happen anywhere, and Medicare coverage doesn't typically extend outside the U.S. except in specific situations outlined by Medicare.gov. To qualify for Medicare Parts A and B, you must be in a U.S. port or no more than six hours away from one when you get the services. In most cases, it's worth considering purchasing travel insurance. When deciding on a policy, ensure that you understand its limitations on prolonged care. Travel insurance is typically designed for short-term emergency medical treatment to facilitate your return home. So, it's essential to understand everything that is and isn't covered in case an emergency should arise for you or your loved ones.

 

Before your next trip, assess your health risks, review your insurance coverage, and consider any potential gaps. Being prepared ensures that unexpected medical emergencies and the costs associated with care or return to the United States don't make an already unexpected situation even more frustrating.

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This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”).  XML is not responsible for any actions taken related to this information.