Travel Insurance and the Cost of Medical Care Abroad

One of the great things about living in Australia is its world-class healthcare system. It also has what's called a Reciprocal Health Agreement with countries such as the United Kingdom and New Zealand. This means that any Australian traveling to these countries will get full coverage on their medical expenses in practitioners and public hospitals.

However, Australian healthcare is only limited within the country and the countries with which it has Reciprocal Health Agreements. So if you're going to travel to a different destination overseas, it helps to apply for travel insurance before you leave. Otherwise, you might end up getting medical care at your own expense.

If you're in the United States for example, you will likely end up paying a lot of money if you get hospitalised or if you get involved in an accident. There are several reasons for this. For one, the US charges non-residents more if they seek medical assistance. Also, the country doesn't have a public health care system. These two reasons alone would most definitely increase your costs should you need medical help.

Southeast Asian countries such as Indonesia and Thailand are also popular tourist destinations among Australians due to the proximity of these countries. While you might think that just because these countries offer more affordable health care than most Western countries, consider all the things that could happen to you and how much they might cost you. If you're adventurous with food, for example, you might eat something that could cause anything from an upset stomach to a severe allergic reaction. Plus, since these countries are in the tropics, you are also at risk of contracting diseases such as malaria and dengue. While, the medical expenses might be lower in these countries, it's still better not to spend anything if you're covered with travel insurance.

Also keep in mind that hospitalisation isn't the end of the story when you get sick or meet an accident abroad. You still need to go back to Australia. And this could cost you additional expenses as well.

Of course, everyone wants to enjoy their holiday and not think about bad things that could happen to them. However, keep in mind that it still pays to be prepared. That is why we at Rate Detective strongly recommend that you apply for travel insurance before you go on your trip. Our qualified advisors are ready to help you find the right policy for your needs. They will also provide you with rate comparisons of Australia's top insurers so that you can be sure that you made the right choice. Contact us today for more details!

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Published on April 4-th, 2013 in Travel Insurance
Damon Rasheed is the CEO of Rate Detective, an Australian financial service comparison sites specialising in Life Insurance, Income Protection Insurance and home loans. Damon holds a Master's Degree in Economics from the University of Melbourne and has been involved in many start-up internet businesses.

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