Phoenix, AZ – September 18th, 2018 – Travel MedEvac Insurance, LLC has launched a new program that enables Travel Agents and other Distributors of Travel Insurance Products to provide their clients a premiere stand-alone Medical Evacuation insurance plan. The Travel MedEvac Insurance policy protects clients when traveling for business or pleasure, more than 150 miles from home within the USA or anywhere in the world, regardless of mode of transportation. A short medical evacuation flight and related costs can easily exceed $50,000, with longer flights costing up to $ 150,000.
“While many travelers are able to bear the cost of a lost bag or canceled flight, a significant risk often overlooked is illness or injury while traveling and the need for medical transport to the insured’s home hospital of choice, back to their health insurance network and close to family” says Joe Lesher, CPCU, ARM, a partner in Travel MedEvac’s ownership group.
Distributors of travel insurance will be facing increasing regulation stemming from both the National Council of Insurance Legislators (NCOIL) and the National Association of Insurance Commissioners (NAIC), as they have each drafted new model law language which will be implemented soon.
One of the major changes in the NAIC Model Law classifies “Emergency Evacuation” and “Repatriation” as an insurance product…not a service or a membership/assistance product as may have been customary in the past.
“Travel MedEvac Insurance is distinguished as being true insurance” Lesher continued “providing the protection and peace of mind only a regulated product can. By offering our product, travel agents and suppliers can stay ahead of pending updates to insurance regulations and provide coverage that supplements other traditional travel insurance, up to a $500,000 policy limit for medical evacuations.”
Travel MedEvac Insurance starts at just $4 per day and rates are deeply discounted for annual plans. For more information or to become a distributor of Travel MedEvac, please visit www.travelmedevac.com.