Australians over the age of 50 are travelling more and more these days – which means travel insurance for seniors is just as important, if not more so, than that of other travellers. It has become increasingly common for people to use their retirement to see new places and experience new cultures and if they’re no longer supported by a regular income, additional costs can be crippling.

Everyone should take out travel insurance regardless of their state of health. But for those over the age of 50, it’s even more important to be fastidious when comparing the level of cover for things like medical and hospital expenses in particular.

If, like many older Australians, you prefer travelling in tour groups or pre-booking high-range accommodation, consider factors including whether your seniors travel insurance policy provides sufficient cover for lost deposits and/or cancellation fees.

Inevitably, health issues and resultant costs will increase as we get older. Just to occupy a hospital bed can cost hundreds or even thousands of dollars a day, depending on the country you’re travelling in. However, many insurance providers can offer unlimited cover for emergency medical and hospital as well as evacuation expenses.

Some countries even have reciprocal healthcare arrangements with Australia, which means that Australian seniors can get limited health care for free. But for most destinations, healthcare costs are remarkably expensive. This means that if you require the services of a doctor, dentist, ambulance or hospital while on holiday, you’ll be forced to pay the fees yourself unless you have taken out appropriate travel insurance for seniors.

With different climates and unfamiliar food, our bodies are put under more pressure when we travel. So no matter how healthy you are, you can’t afford to go without travel insurance.

This is general advice only and does not take into account your individual needs, objectives or financial situation. Before you buy any policy, make sure you read the product disclosure statement.