New research by MoneySuperMarket has revealed that holidaymakers who don’t have travel insurance and need medical treatment when they are abroad can end up paying as much as £100,000 in bills.
The same data also showed that 1 in 10 Brits do not pay for travel insurance despite the fact that more than one third of them need to get medical attention while abroad on holiday.
According to this research, one of the most expensive countries for uninsured tourists is the US. According to the data, treatment for a minor stomach ache can set you back as much as £1,250. If, God forbid, you have to be admitted in hospital, then the daily room rate can cost as much as £4,000.
And if things get really serious and you need to undergo a major procedure, you could be looking at bills that could be has high as £75,000. And if a by-pass surgery for the heart is needed, then costs could be up to £113,000.
Europe is much less expensive than America, however, medical expenses will still burn a hole in your pocket. And not all places are equal in Europe either. Some of the EU countries are much more expensive than others.
For example, in Italy, treatment for a minor case of food poisoning would cost you about £350. In Spain, the same treatment would be about £510 and in France it would be £550.
If you were to undergo major surgery in two of the most popular holiday destinations in Europe, Cyprus or Spain, you would pay about £13,175 for the procedure.
Hospitalization in Cyprus would mean shelling out £440 per day. A similar room in Thailand and South Africa would cost £300 per day, while you would need to pay £175 per day in Bulgaria.
Of the destinations visited by Brits, the survey showed that the US was the most common location where holidaymakers needed medical attention. The data showed that about 24% of all respondents stating that they claimed on their holiday travel insurance due to illness or injury.
Spain was in second place with 23% of the respondents saying they used their insurance to pay for medical expenses. France was in third place, with 14% of the respondents having to use their medical cover.
Another interesting fact that was revealed by this study was that despite the fact that travel insurance cost an average of only £31, 42% of the respondents stated that they didn’t purchase travel insurance because it was too expensive. Which is ironic, since it is just a minute amount compared to the cost of medical care abroad.
Taking out travel insurance is a must. It isn’t only medical expenses that are covered by such a policy, so it is a good idea to invest in it. Thus, if you are planning a trip abroad, getting worldwide travel insurance is the best thing you can do for you and your family.