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Even into our 70s, we’ll have plenty of travel insurance options, and coverage can still be affordable. So even if you have Medicare, a Medicare supplement, or other health insurance policy, there can still be plenty of gaps in coverage when you’re traveling abroad. You may also elect to add coverage such as cancel for any reason insurance (CFAR), a waiver for preexisting conditions, or car rental insurance. If you’re 65 years of age or older and thinking about purchasing travel insurance, don’t pull the trigger without reviewing the information in today’s article on travel insurance options for seniors. You need a plan that’s affordable; that protects you from common travel mishaps; and that’s straightforward and easy to understand. Travel insurance for seniors typically costs around 7% to 9% of your total prepaid, nonrefundable trip expenses.
Factors we considered when picking the best cruise insurance companies
The following are some things to consider if you’re a senior considering purchasing traveling insurance. According to the participants in our study over the age of 54, 60% purchased CFAR coverage, and 19% purchased Interruption for any reason (IFAR) coverage. With wide availability, regardless of age, it’s not only a prudent economic move, but it’s also a move that delivers peace of mind before and during your trip.
Preexisting Conditions
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Keep in mind that while annual coverage is typically cheaper than buying multiple individual plans, these plans often have lower limits for emergency medical expenses. Consider what’s most important to you in a travel insurance policy before deciding on a single-trip or annual travel insurance plan. World Nomads Travel Insurance is a great choice for active senior citizens under 70 who want comprehensive travel insurance. The key difference between World Nomads and many other providers is that it covers 200+ adventurous activities like scuba diving, mountain biking, surfing, skiing, and even bungee jumping. In addition, World Nomads' trip cancellation and emergency medical coverage includes COVID-19-related issues.
Best for expensive trips: HTH Worldwide
When your baggage is delayed for more than 12 hours, you can be reimbursed up to $150 a day ($750 maximum) for any necessary personal items you purchase. The Explorer Plan is World Nomads' premium travel insurance plan and covers a longer list of activities than the Standard Plan. You can review the list of covered activities here and decide if the more affordable Standard Plan works for you. When you choose to apply (and are approved) for a new credit card through our site, we may receive compensation from our partners, and this may impact how or where these products appear. Please view our advertising policy and product review methodology for more information.
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It covers trip cancellation and interruption, medical expenses, medical evacuation, and adventure sports with some exclusions, such as diving and adventure races. Travel insurance for seniors typically excludes coverage for pre-existing conditions, but you can get pre-existing conditions covered with a pre-existing medical condition exclusion waiver. You can generally only get this waiver within 14 to 21 days of making your initial trip deposit and only if you insure the full nonrefundable costs for your trip. A solid travel insurance policy can safeguard your trip investment if delays and emergencies derail your trip. You’ll also want a policy that provides robust travel medical expenses and coverage for pre-existing conditions. Trip cancellation insurance and trip interruption coverage can reimburse prepaid, non-refundable travel expenses if your trip is canceled or interrupted for a reason listed under your policy.
Does Medicare cover me when I’m traveling outside of the U.S.?
This plan provides $100,000 per person for emergency medical expenses and $500,000 per person for emergency medical evacuation. You will also get non-medical evacuation coverage of $25,000 per person, which covers transportation if you have to move to a safe location due to a natural disaster or civil/political unrest. Comparing cruise travel insurance policies is the way to find the best cruise insurance for seniors.
Nationwide Travel Insurance offers many of the standard benefits you might see with a travel insurance policy. This can include things like trip cancellation coverage, so you can recover pre-paid costs or trip interruption in the event your vacation is interrupted by an unexpected event. Nationwide is one of the few travel insurance providers to offer cruise-specific coverage, based on our research, with its policies featuring several inclusions benefitting older travelers. Trip interruption coverage includes up to 200% of your trip cost, and you can qualify for a pre-existing conditions waiver up to 21 days after your initial deposit. While medical limits are lower than most competitors, Nationwide’s general and cruise-specific coverages present a viable option for older travelers.
The Best Travel Insurance Plans for Seniors
TravelSafe’s Classic plan provides the highest limits for missed connection and evacuation benefits among top-rated plans. It also has very good trip interruption and hurricane and weather coverage at a competitive price. But the actual trip cost isn’t taken into consideration for trip cancellation and interruption coverage.
International Medical Group
You can choose between the Trip Protection Basic or Trip Protection Choice plans, with the higher-tier Choice plan costing more but providing more coverage. Trip cancellation insurance reimburses you 100% for the pre-paid and non-refundable deposits you lose if you have to cancel for a reason covered by the policy. Our analysis has found that WorldTrips, Nationwide and TravelSafe Insurance are the best cruise insurance companies. Some policies cover children for free as long as they’re under a certain age and accompanied by an adult. For example, the Allianz One Trip Premier plans cover children age 17 and under if they’re traveling with a parent or grandparent. Bookmark these resources to help you make smart money moves as you shop for cruise travel insurance.
For our test trip, Allianz Global Assistance’s basic plan cost $106, slightly below average. We searched for quotes from several companies for a seven-day trip in February 2023 from the U.S. to Mexico. The traveler was 35 years old, from Georgia, and planned to spend $2,500 total on the whole trip, including airfare. Any good travel insurance should cover cruises in addition to travel by air or car. If you answer yes to any of the above questions, it could be worth gathering quotes from multiple providers and comparing costs. This way, you can find a plan that suits your needs and budget while providing you with peace of mind.
Here are some examples of travel insurance plans that might be a fit for travelers age 65-69. While CFAR insurance allows you to cancel your trip for any reason, including COVID-19-related issues, the coverage will not reimburse 100% of your costs. The coverage can only be purchased when you purchase your travel insurance or for a short window following the purchase. Cancel for any reason insurance (CFAR), when added to a travel insurance policy, will allow you to cancel your trip for any reason you deem necessary. The easiest way to compare policies is via insurance comparison sites such as SquareMouth, InsureMyTrip, or TravelInsurance.com. Travel comparison sites make it easy to compare travel insurance policy pricing and coverage options for all ages.
If your shore excursions are pricey, insure the nonrefundable deposits for the excursions and the cruise. If your excursions are included in the cruise cost, you would simply insure the cruise trip cost. Some problems are not covered by travel insurance for pre-existing conditions, such as Alzheimer’s disease, anxiety, dementia, depression, or any illness or injury related to alcohol or drug abuse.
The other two plans — Gold and Platinum — cost more but offer more protection. They both include 150% coverage for trip interruption, 100% for trip cancellation and a preexisting conditions exclusion waiver. We recommend AllTrips Premier for older travelers because of its flexibility. This plan offers four tiered levels of trip cancellation/interruption benefits, so you can choose the coverage level that best fits your travel plans. You can also choose to include your household members in the plan—perfect for traveling spouses or families.
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