Why Are Travel Insurance Plans Cheaper Than Domestic Health Insurance Plans?

The reason is simple: unlike a domestic insurance policy, which covers the costs of preventive care such as check-ups, prescription drugs, surgeries and ER visits, travel insurance plans mainly cover medical emergencies. Additionally, travel insurance plans usually only cover you for a few days, weeks, or months; whereas domestic insurance plans typically cover you from year to year. And lastly, the odds of you actually using the benefits of your travel insurance plan are much less than you would with a domestic policy, leaving the insurance underwriter with less risk to assume.