WorldMed Insurance Review
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This travel insurance plan is perfect for…
- Travel abroad- This is a plan designed to provide medical expense and emergency medical evacuation coverage to individuals traveling outside their home country
- Adventure travelers- This plan provides the option to add Hazardous Activity coverage, which is excluded in many plans
Overview of WorldMed Insurance from Travel Insurance Services:
- Provides up to $100,000-$1,000,000 of accident coverage, depending on plan
- Two plans provide high limit combined accident and sickness medical benefit; the Lite pan has lower limits and separate accident and sickness benefits to keep the costs down.
- Provides $250 of lost baggage coverage
- Up to $100,000 of emergency medical evacuation coverage
This plan is a flexible, basic medical and emergency medical evacuation insurance for those traveling or living abroad. It is designed for anyone traveling outside her or his home country. It provides for medical and evacuation coverage with variable limits and reasonable rates designed especially for longer trips. The plan is customizable, and you can select your deductible. Optional hazardous activity coverage is available for adventurous travelers.
Three plans are available under the WorldMed Insurance umbrella: Plan A, Plan B, and the Lite plan, and in addition to a list of plan features, these plans each have different rates of coverage for one specific benefit – the accident and sickness benefit, as listed here:
- Plan A – Accident and sickness coverage ends at $500,000.
- Plan B – Accident and sickness coverage ends at $1,000,000
- Lite Plan – Provides either accident OR sickness coverage at $100,000 and $5,000 respectively
Accident and sickness benefits apply within the insured’s home country.
The Travel Insurance Services (travelinsure.com) website provides a quick and easy rate calculator based on your selected deductible, age, travel dates, and destination, so your path to a useful quote is quick and easy.
Where to buy this policy:
1. Compare Quotes from all companies- If you are still undecided but would like to start with some quotes, the best way is to use a comparison website (similar to using Expedia or Travelocity for airline tickets). There are several, but we recommend a comparison site called Squaremouth.com to get instant quotes and purchase online. Squaremouth.com only works with reputable companies, and you can get instant quotes and purchase instantly online with a credit card.
What is the coverage with WorldMed Insurance?
Emergency Medical Assistance (Accident and Sickness)
This coverage provides emergency medical coverage if you become ill or are injured while traveling and need medical attention. This is the only benefit where the plan limits are based on your choice of plan. All other benefit limits are the same for all three plans. This plan provides up to:
- $500,000 (Plan A)
- $1,000,000 (Plan B)
- $100,000 in accident only for Lite, or $5,000 in sickness only for Lite
After the deductible is paid, the policy pays 80% of the first $5,000 for medical expenses incurred, then the policy pays 100% up to the plan maximum. For the Lite Plan, there is no co-insurance, so the plan pays 100% up to the policy maximum.
Emergency Medical Evacuation
This coverage provides reimbursement for the cost to transport you or other covered members of your party to a medical facility to receive care. This plan provides up to $100,000 in evacuation expenses.
Accidental death and dismemberment provides up to $25,000.
Emergency Medical Reunion
This coverage provides reimbursement for the cost of transporting one individual to the location where the injured is hospitalized. This plan provides up to $10,000 in reimbursable expenses for a bedside visit to the insured.
Emergency Travelers Assistance
This coverage ensures you that a 24-hour support line is available in case of need to verify for hospital coverage, locate local medical assistance, arranging communication between patient and family and physicians, arrange medical transportation or evacuation or repatriation of remains, legal referrals, and much more. This is your support line for all this and more.
Loss of Baggage and personal effects
This coverage provides reimbursement for lost, stolen, or damaged baggage and personal effects up to $250, not to exceed $50 per article.
Trip Interruption
This coverage provides reimbursement for non-refundable costs or deposits related to your trip if it is interrupted after it starts. The plan will reimburse the insured for the cost of travel, minus the used portion. This benefit is limited to the cost of a one-way economy airfare or ground transportation and is subject to a maximum of $5,000 per confirmation.
Optional benefits include:
Hazardous activity coverage for motorcycling, scuba diving, snow and water skiing, mountain climbing, sky diving and many other fun, but potentially, hazardous adventure sports and activities you may decide to engage in on your trip.
Where to buy this policy:
1. Compare Quotes from all companies- If you are still undecided but would like to start with some quotes, the best way is to use a comparison website (similar to using Expedia or Travelocity for airline tickets). There are several, but we recommend a comparison site called Squaremouth.com to get instant quotes and purchase online. Squaremouth.com only works with reputable companies, and you can get instant quotes and purchase instantly online with a credit card.
