When making a determination as to how much insurance for international student 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.
One of the most expensive medical costs for visitor medical insurance is hospital stays. This cost may start at $2,500 per day and higher. However, this estimate is only for general hospital stays and no intensive care treatment. Stays as brief as a few days could easily cost a patient $35,000 or more.
This $35,000 cost would not include any treatments or surgeries which one may go through during the hospital stay. A heart surgery would cost over $100,000. This is a fairly rare occurrence for people on vacation, however, such things can occur. History indicates that such event indeed occur.
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.
Major conditions such as heart attacks and strokes will increase medical bills to tens of thousands of dollars in expenses. The necessary treatments for these conditions, when combined with a hospital stay, can easily lead to financial ruin.
For younger visitors, start with a figure of $500,000 in coverage. This ensures that a international student 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.
Older travelers or those with health problems present more of a challenge. Senior plans typically place coverage limits at $100,000. Thus, seniors should invest in the maximum coverage available for their group. Occasionally, travelers in the 70+ age group may be limited to a total of $50,000 in coverage.
The amount of coverage that is recommended varies upon a person?s age and health status. One should be realistic about the high costs of medical care, and be sure to plan accordingly.
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