Travel insurance firms paying out more for medical treatment

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New information from the ABI (Association of British Insurers) has revealed why it is more important than ever before to take out travel insurance before heading abroad.

The ABI announced that last year emergency treatments cost UK insurers £275 million, which is a rise of 270% over the last six years, compared to the £74 million spent on emergency treatments in 2004.

Over the same period, claims for emergency treatment abroad have gone up to 337,000 from 120,000, which is up nearly three times. This means that there are currently about 6,500 claims being made a week for medical treatment abroad.

The most common claims are made for ear infections, heart problems, stomach problems and allergies.

Medical problems abroad can be very costly, and can stretch to tens of thousands of pounds in some cases.

The ABI highlighted a case where a person had a heart attack abroad and had to be flown back to the UK by air ambulance at a cost of £86,000. And even minor injuries can be costly. One person in Spain suffered from a broken arm and the medical bills came to £11,000.

Insurance companies are now paying out an average of £5.3 million a week for medical care, and the cost of getting ill abroad is more expensive than ever. The cost of medical treatment now makes up 55% of all claims paid out, whereas six years ago it made up just 33%.

Always remember to take out travel insurance when you head abroad, no matter where you go or for what amount of time. Any injury can end up costing you thousands of pounds, and travel insurance should therefore be an essential purchase.


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#1 It is incredible that medical help is so costly, but in order to avoid paying out of pocket we must be covered by medical insurance.
Posted by Tracy McManamon on 15/05/2012 at 09:51
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