Travel Insurance for Seniors: Frequently Asked Questions

When I was a young backpacker, I didn’t think much about travel insurance. I browsed a couple plans, bought one, and went on my way. I mean, I probably I wasn’t even going to even need it, right?

Wrong.

While most of my travels over the past seventeen years have gone smoothly, I’ve definitely had plenty of mishaps too, from missed flights to broken gear to serious medical emergencies.

That’s why, these days, I never leave home without travel insurance. Not only does it offer peace of mind (to both me and my loved ones), but it ensures I’m made whole should something unexpected happen.

Understandbly, I get a lot of questions about travel insurance. It’s a complex topic (and, if we’re being honest, a boring one that most people don’t want to research).

Where things get especially complicated is when older travelers try to find a plan. Every week, I get emails from travelers in their 60s, 70s, and beyond asking for input on their policy options. This isn’t just because insurance is complicated (though it is). It’s because prices often skyrocket once you hit 65, and a lot of insurance companies don’t even cover travelers over the age of 70!

So, to help you plan your golden years of travel, here are a few of the most common questions I get about travel insurance for older travelers:

1. What Does Travel Insurance For Older Travelers Cover?

While every policy is different, a good plan will include the following:

• Medical coverage for at least $100,000 USD ($250,000 USD would be better though)
• Emergency evacuation coverage (at least $250,000 USD)
• Coverage for lost, damaged, or stolen possessions, like jewelry, baggage, documents, etc.
• Some coverage for your electronics
• Coverage for cancelations for hotels, flights, and other transportation bookings if you have a sudden illness, death in the family, or other emergency
• Coverage for political emergencies or natural disasters that may cause you to head home early
• Financial protection if any company you are using goes bankrupt
• 24/7 customer assistance

In short, you want a policy that covers medical emergencies, your possessions and purchases, and provides 24/7 support.

The most bare-bones plans generally cover medical emergencies, but not your bookings or possessions. If you’re a super frugal young traveler in your twenties, that might be fine.

Personally, now that I’m older and travel with more valuables (and sometimes book nicer accommodations), I like to have coverage for my possessions and bookings too. Better safe than sorry, if you ask me!
 

2. What is the Age Limit for Travel Insurance for Older Travelers??

Unfortunately, travel insurance companies usually have age caps on their policies: 65–69 for most, though some offer insurance for those 70–75.

For example, SafetyWing, my personal go-to travel insurance company, caps its plans at age 69. World Nomads, another popular company I’ve used for decades, has an age cap of 70.

As a result, prices skyrocket once you hit 65. Since older travelers often have more health issues than younger ones, and since travel insurance is a for-profit industry, policy costs are higher for older travelers. It’s not fair, I know, especially since a lot of older travelers are perfectly healthy. But that’s just something to keep in mind when comparing plans.
 

3. How Much is Travel Insurance for Older Travelers?

Prices vary based on your age, destination, and where you live, so there’s no “one price fits all” answer. However, travelers in their sixties and above should be prepared to spend at least $125 USD per month for a very basic plan.

If you want more comprehensive medical coverage, as well as “cancel for any reason” coverage, prices can jump to over $400 USD per month.
 

4. I Want to Go on a Cruise. What Travel Insurance Company is Best?

If cruises are your primary travel style, these three companies are worth checking out:

Travel Guard – Travel Guard has specific cruise insurance policies, which makes it simpler than trying to find an add-on to another non-cruise-centric policy. It covers any emergency travel assistance, trip interruption, delay, and cancelation.

VisitorsCoverage – VisitorsCoverage is an insurance marketplace with a specific cruise section that compares different plans, including the popular SafeCruise plan by IMG. This plan is designed for cruise travelers and includes everything you might need, including the add-on for “cancel for any reason” coverage.

InsureMyTrip – InsureMyTrip is another insurance marketplace with a cruise-specific section. You can put in your dates, destination, and the cost of your trip, and it’ll pull up a variety of plans with pricing and coverage listed in an easy comparison format.