As children get ready to go back to school it can be a very emotional time for many parents, especially if your children are going away to study. Why add the stress of the possibility of unexpected medical care costs? When packing up your child to go away to school, don’t forget their medical travel insurance. Whether your child is planning to study in another province or territory or abroad, their government plan may not cover all the unexpected or routine healthcare costs, leaving them (and you) on the hook to cover the rest out of pocket. The average cost of a stay in a U.S. hospital is $13,262 [1] and the average cost of an MRI in the U.S. is $1762 [2]. Medical travel insurance for students costs less than a coffee a day. It is roughly $2.70/day if studying in a foreign country or half of that if studying in another province or territory. Purchasing insurance can provide you the peace of mind that your child is protected from the costs of unexpected illness or injury.
Medical travel plans for students can cover as much as $2 million in emergent and non-emergent medical expenses, including ambulance transportation, hospital services, medical investigations, physician services, vision and dental. As well as it can cover up to $5000 in re-imbursement of tuition if they cannot attend school.
If your child is covered under your group health plan, check the policy to see if it covers medical costs for out-of-province or out-of-country studies. It only takes 5 minutes of your time to give a licensed insurance advisor a call. Protect your child and yourself, because the focus should be on their studies not their medical bills.
1.Hospitals and Surgery Costs. Debt.org
2.What can affect the cost of an MRI? New Choice Health.