Compare travel insurance for over 50s with unlimited medical cover
Finding travel insurance becomes more difficult as you get older but it’s not until you hit your 60s that getting cover becomes noticeably more expensive and troublesome.
Keep reading to find out more about what affects the cost of travel insurance for over 50s and what you should look for in a policy.
What changes for travel insurance once I’m over 50?
While at 50 this isn't so much of a problem as most of the conditions relate to very specific pre-existing conditions, it's good to have an understanding of how age affects travel insurance.
So, just how old can I be?
|Brand||What is Covered?||Apply for cover|
|1Cover provide specialist seniors travel insurance for those who are older than 70. If you're 80 years old or over, you'll need to submit a Medical Declaration Form for assessment prior to purchasing a policy.||Get Quote|
|Cover provided to those under 89 years of age on the comprehensive single trip policy.||Get Quote|
|This seniors travel insurance covers you if you are 100 years of age or under at the date of application.||Get Quote|
|If you wish to take out Columbus Direct travel insurance, you must be no more than 84 years old at the date of purchase.||Get Quote|
|Cover-More offers seniors travel insurance for people up to 84 years of age.||Get Quote|
|Cover available to those over 80. However, you'll have to complete a medical assessment and, depending on your age, pay an increased excess for some benefits.||Get quote|
|Those over 70 years of age at the time the Certificate of Insurance need to complete a Travellers Medical Appraisal Form. If your application is approved you will be advised of any restrictions may apply and may have to pay an additional premium.||Get Quote|
|Travellers 90 years of age and over are subject to various conditions depending on the policy.||Get Quote|
|This policy is available to persons aged 69 and under at the time of purchase.||Get Quote|
|This travel insurance only covers persons who are 100 years of age or under at the date of application.||Get Quote|
|Available to travellers aged 65 years and under.||Get Quote|
|If you're 80 or older, you'll need to complete a medical assessment before a policy will be issued.||Get quote|
|Available to travellers aged 65 years and under.||Get Quote|
|No maximum age||Get quote|
|This insurance only covers persons who are 79 years of age or under at the date of application.||Get quote|
|Online quotes available to those under 100.||Get quote|
|Travel Insurance Direct offers people up to the age of 81.||Get Quote|
|If you're 70 or older, you'll need to complete a medical assessment before a policy will be issued.||Get quote|
|Travel Insuranz has a seniors travel insurance policy for those aged between 66 and 80.||Get Quote|
|There does not seem to been an age limit for Plan A (Comprehensive) and Plan B (Australia Only). However, it is advisable to check with the provider prior to purchase.||Get Quote|
|Woolworths cover policyholders on its comprehensive or basic who are not older than 79 at the time of purchase.|
|Worldcare provide comprehensive travel insurance cover up to 85 years of age.||Get Quote|
|YouGO provide cover until the age of 84.||Get Quote|
As you move through your 50s, you may notice some slight changes in the level of travel insurance you are able to obtain: a slightly higher premium here, no cover for a pre-existing medical condition there.
Take this example from a typical travel insurance product disclosure statement (PDS). The policy offers automatic cover for type 1 diabetes, providing that:
- You were diagnosed over 12 months ago
- You have no eye, kidney, nerve or vascular complications
- You do not suffer from hypertension or a known cardiovascular disease
- You are under 50 years of age at the date of policy issue
You will usually be able to obtain relatively comprehensive cover until you reach your 60s and 70s. At that age, you'll start noticing sentences like this in policy documents:
Age limits are as at the date of issue of your Certificate of Insurance. Available to travellers 75 years of age and under
How do I compare travel insurance if I am over 50?
One of the easiest ways to compare travel insurance, whatever age you are, is online. Online insurers have lower overheads and buying direct from the insurer can save you as much as 60% compared to what a travel agent would charge you.
Online comparison sites bring all the major insurers together on one website, so all you have to do is compare the policies to find the one that suits your needs. When comparing travel insurance for over 50’s, you should look for features such as:
- Price. Don't just focus on the cheapest policy. Look for the one that provides value for money relative to the level of cover provided.
- Conditions. Read the PDS carefully, because this is where you will discover whether special conditions or exclusions apply to over 50s.
- Medical and hospital expenses. If this is likely to be more important to you, make sure the level of cover is adequate (overseas medical treatment can be very expensive).
- Pre-existing conditions. If you have any pre-existing medical conditions, check whether they are automatically covered in the policy, only covered in certain circumstances or not covered at all.
- Flexibility. If the insurer allows you to customise your policy, you could save money by removing cover for options you are unlikely to need such as pregnancy cover or extreme sports.
What affects the cost of my premium?
Factors that influence how much you will pay for travel insurance include:
- The level of cover you require
- Your age
- Your health
- Where you are travelling
- How long you are travelling
- The perceived risk of your planned activities
- Whether you have any pre-existing medical conditions
Cover varies with insurers, but as a general rule once you’re over 50, most insurers will start to increase the cost of your premiums. You'll often find statements like this in policy documents:
This insurance covers persons who are 100 years of age or under at the date of application. A surcharge applies to the premium of all insured persons over 50 years of age
After you turn 65, these surcharges will increase in increments until you reach the age of 75, when some insurers won’t cover you or will require you to have a medical assessment, regardless of your health.
|Cancellation fee cover||Unlimited||Unlimited||Unlimited||Unlimited|
|Luggage and personal effects||$8,000||$8,000||$8,000||$8,000|
|Overseas medical expenses||Unlimited||Unlimited||Unlimited||Unlimited|
|Cost of policy||$58||$59||$60||$105|
Getting cover for my pre-existing conditions
Most insurers automatically cover a range of non-life threatening medical conditions from asthma and hypertension to cataracts and osteoporosis. As well, regardless of age, most insurers will exclude certain conditions from cover, such as mental illness, HIV infections, chronic lung disease and many forms of cancer.
Insurers also apply age restrictions to some pre-existing conditions. Asthma and type 1 diabetes often attract these kinds of restrictions. Policies vary between insurers, and there are usually four possible outcomes:
- The insurer will cover your condition
- The insurer will require a medical assessment before cover is provided
- The insurer will provide you with general cover, but will exclude that condition
- The insurer will not provide you with any cover
Travel insurance if my relative at home is over 50
Travel insurance often covers trip cancellations due to illness or death of a relative at home. However, if your relative is your elderly parent, you might not be able to get cover.
As insurers consider the risk of these relatives falling ill or dying to be higher, many won’t provide cover for trip cancellations for older relatives. Here's a typical example of a policy condition:
“Relative refers to any of the following who is under 85 years of age. It means you or your travelling companion’s spouse, de facto, parent, son, daughter, brother, sister, grandchild, grandparent, fiancé or guardian.”
Am I covered for my children or grandchildren?
Another age-related condition to be aware of is free insurance for dependent children. This is a common "sweetener" in many policies, but again, if you are over 50, you may find you are excluded from this discount.
Most policies state that dependent children or grandchildren must be under the age of 21 at the time of purchasing the policy and while this may apply to your grandchildren, your children are likely to be older than this and therefore excluded from the offer.
Ready to get cover?
Getting travel insurance in your 50s is still relatively easy. Compare your options today and find the policy that is right for you.
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