Travel Medical Insurance

...Should You Purchase It Before You Head Overseas?

It’s that time of year. Many families are heading off around the country and the globe for vacation. Perhaps you are off to a new or exotic destination or are in the midst of planning a fall or winter getaway? If you have a trip on the horizon — particularly an international trip — you should consider whether or not to purchase travel medical insurance prior to your departure. Many travelers assume their regular health insur­ance will cover them should they need medical care outside the U.S. However, most times this is not the case. Moreover, in those relatively rare instanc­es when traditional health insurance offers coverage to a policyholder outside the U.S., the coverage is often extremely lim­ited in its scope and may not cover big ticket items like medi­cal evacuation costs.

You, Inc.: The Leap Into Self-Employment

 

After working for someone else, self-employment can be an exhilarating change. But it is also fraught with potential pitfalls, including the possibility of running out of money before your new venture even gets off the ground. One way to help improve your chances of success is to do as much advance planning as possible. As you can see in the U.S. Bureau of Labor Statistics chart below, about 50% of new businesses will close within their first five years of existence.