What is a Deductible?

Photo By: Hui Quan Yang


The amount (generally a dollar amount) you are required to pay before the insurer will pay for the balance of your medical expenses. Deductible amounts are found in the ‘summary of benefits’ section.

Example: If your plan has a $500 deductible requirement and your medical expense is $8000, you pay $500 and the insurer pays the rest.


Some plans do not have deductible requirements while others offer a range of deductible amounts. If you choose a zero or low deductible amount, your premium will be more expensive. If you choose to pay a higher deductible, the cost of your plan will decrease.


Will I have full access to my financial accounts at my destination?

If you choose a plan with a higher deductible, make sure that you can access funds immediately to pay for your portion of the medical expenses in case of an emergency.

Learn more in IAMAT’s Guide to Travel Health Insurance
  • Did you know?

    You are not covered if you need medical care or hospitalization as a result of drinking alcohol.

    The majority of travel health insurance plans exclude injuries resulting from alcohol consumption. Some plans do cover injuries related to alcohol use but you cannot exceed the maximum allowable blood alcohol levels.

  • Did you know?

    Your travel health insurance plan is a legal contract. When you purchase a policy, you have to adhere to the terms set out within that specific policy for the insurer to fulfill their obligation to provide coverage.

    Remember that insurance only covers you for unforeseen and unexpected events – an unstable pre-existing condition or participating in activities that can increase your risk for personal harm or injury put your coverage at risk.

  • Did you know?

    Medical questionnaires are required to be completed at the time of purchase if you are over a certain age (typically over 60) or have a pre-existing condition. These forms can be complex and include medical jargon. If you need help, ask the insurance provider for clarification. Many insurers also want your doctor to sign off on the medical questionnaire.

    If you file a claim, insurers will look closely at the answers on your medical questionnaire to see if they match your medical file before accepting your claim.

  • Did you know?

    Mental health coverage is excluded from most standard travel health plans.

    If you have a first time mental health event or need care for a pre-existing psychiatric condition, you will have to pay out-of-pocket for medical services and prescription medication you need abroad.

  • Did you know?

    If your existing insurance benefits plan or credit card (primary coverage) doesn’t fully or adequately cover you for your health condition, you will need to get supplemental or secondary coverage (also known as excess insurance).

    This additional plan pays for medical expenses after your existing or primary coverage has reached the payout limits. The secondary insurer pays the balance of your medical costs.

Photo By: Sharif Hossain Sourav