Dispelling Myths About Individual and Group Travel Insurance

Jul 23 | 2019

If you’re like most Canadians, you travel – a lot. Many people travel abroad to places like Europe and Asia, but a growing number of Canadians are exploring the wonders of our home and native land. Many Canadian are doing so without the added protection of travel insurance, which opens up their families and themselves to significant financial risk.

We’re here to dispel some myths around travel insurance and to double-down on the question: why should employers add travel insurance to their employee benefits plan?

4 Individual and Group Travel Insurance Myths

Myth #1: “I don’t need travel insurance if I stay within Canada.” Each province has different healthcare systems with varying coverage, so this isn’t necessarily true. Additionally, many emergency expenses aren’t covered province-to-province. For example, in cases where air-ambulances are required following an accident or injury, your province may not be picking up that $25,000+ tab.

Myth #2: “Travel insurance is expensive.” Although rates vary from carrier-to-carrier, you can rest assured you’ll pay significantly less in premiums than you would an expensive claim.

Myth #3: “It won’t ever happen to me.” You’re probably right (and we fervently hope that you are), but it happened to these folks. Accidents can happen anytime, anywhere – and the last place you want them to happen is somewhere you don’t have coverage.

Myth #4: “My credit card gives me travel insurance already.” Generally speaking, credit card travel coverage is not very comprehensive, and may not protect you in the event of a major accident, illness, or injury.

Now that we’ve gotten some of the misconceptions of travel insurance out of the way, we’d like to introduce someone special!

Introducing AwayCare: Group Travel Provider

Group travel insurance is often found embedded in an Extended Health Care (EHC) benefit. In fact, this is the case with our own EHC product provided by Green Shield Canada (GSC).

However, as Health Care Spending Accounts (HCSA)s such as BBD’s own Standalone® become more popular solutions to employers’ benefits needs, we’re seeing an increased need for a group travel insurance product that exists outside of our EHC benefit.

That’s where AwayCare comes in! AwayCare is a premier travel insurance Managing General Agent (MGA) specializing in out-of-country and out-of-province medical coverage for Canadians, making them an ideal partner for us. This coverage can be added to new or existing plans and paired with almost any benefit through BBD, making group travel insurance available to everyone, regardless of participation, number of lives, or level of coverage.

Learn more about AwayCare and group travel insurance by downloading a one-page info sheet!