Getting one of the 10 best travel insurance options is one of the non-negotiables when traveling with digital nomads. Travel insurance can protect your nonrefundable bookings and cover any unanticipated emergency medical expenses you may incur while away from home. However, individuals with frequent short trips require distinct travel health insurance needs compared to digital nomads who work and reside overseas for extended periods.
Moreover, the number of insurance options (top 10) is increasing for modern digital nomads, who pack their bags for travel. So which one ought you to purchase? This article will discuss 10 of the best travel insurance options for digital nomads, including what they provide, advantages and disadvantages, costs, and more.
10 Best Travel Insurance Options for Digital Nomads
In addition to traveling less often and bringing gear like laptops and cameras, digital nomads may also engage in risky activities. Additionally, they have a desire for access to health insurance, particularly if they do not have it at home.
The article presents the 10 best travel insurance options for digital nomads, highlighting their popularity due to the increasing demand for remote work and overseas living opportunities.
World Nomads
If you are an adventurous digital nomad, World Nomads travel insurance could be something to think about. With its Explorer Plan, the provider offers coverage for over 150 adventure sports and activities, including bungee jumping, skydiving, and paragliding. However, it is uncommon for travel insurance products to come with this kind of coverage as standard.
Additionally, to extend your World Nomads travel period beyond 180 days, you must purchase an extension every six months. However, you can modify your insurance coverage at any time as a digital nomad living overseas, enabling you to make informed decisions. The Explorer Plan provides $500,000 for emergency evacuations and $100,000 for emergency medical treatment. Furthermore, it offers $3,000 in coverage for misplacement, theft, or harm to your gadgets, sporting goods, or baggage.
Safety Wing
Another well-liked COVID-inclusive travel health insurance solution for digital nomads is SafetyWing. Additionally, travelers can conveniently acquire insurance coverage mid-trip by purchasing their policy while overseas. Unless canceled, the insurance will automatically renew for a maximum of 364 days, with a default duration of 28 days.
Additionally, American citizens can receive incidental coverage in the country for up to 15 days out of every 90 days via SafetyWing. It provides medical and travel insurance coverage for overseas travel but does not meet the Affordable Care Act’s health insurance requirement.
Furthermore, the price of a SafetyWing policy is determined by your age and if you want to get health insurance while visiting the United States. For instance, a four-week policy for individuals at the age ranging from 18-39 without US health insurance costs $45. The cost of the policy increases to $83 if you want to be covered while in the United States.
Insured Nomads
Insured Nomads offers four different insurance plans for digital nomads, including the World Explorer, World Explorer Multi, World Explorer Guardian, and World Explorer Hotspot. These plans cater to different needs, such as adventure sports, pets, and car rental insurance. The World Explorer Multi plan is ideal for multiple trips, while the World Explorer Hotspot is ideal for travel to conflict zones.
The cost of Insured Nomads is influenced by factors like journey duration, age, and destination, with the World Explorer Plan being favored by digital nomads. The premium for a 32-year-old digital nomad from the USA visiting Italy for four weeks is around $114 on the World Explorer Plan. This is for $250,000 in total coverage with a $100 deductible.
Global Medical Insurance
Global Medical Insurance offers a variety of programs for businesses and short-term tourists, students, and foreign nationals. It’s intended especially for frequent travelers who would spend most of the year away from home. Moreover, you may choose from a number of deductible alternatives to keep prices down, and there are many tiers (Bronze, Silver, Gold, and Platinum) to ensure you obtain the coverage you want. Additionally, prices vary as usual according to age and location. For comparison, a $250 deductible Bronze plan costs $180 USD per month, and a $725 USD per month Platinum plan. Furthermore, there are substantial savings that you would receive if you pay yearly.
Heymondo
Heymondo travel insurance provides digital nomads with flexible health and travel insurance options. There are three options available, including yearly multi-trip, single-trip, and long-stay plans. Additionally, the Long Stay Plan would be one of the 10 best options for digital nomads. The policy offers medical and travel services, 24/7 medical chat, and customization options. Moreover, it’s available for travelers, but not for over 49s, and requires upfront payment for 3 months. Furthermore, it doesn’t cover pre-existing conditions and offers a price range of $140 for 3 months.
Genki
Genki Resident offers coverage for all of your medical requirements, with affordable monthly rates beginning at €105. Additionally, you may visit any physician or hospital of your choosing with direct billing or a straightforward reimbursement and claim submission process. Furthermore, when you travel with Genki, you can stay healthy and prepared for everything, from preventive care to dentistry to vision. No matter which countries you visit, you can budget for your health while living the nomadic lifestyle with month-to-month payments and a price guarantee of up to two years.
InsureMyTrip Insurance
Founded in 2000, the website InsureMyTrip allows customers to compare travel insurance products side by side to see which one best suits their needs. Additionally, more than 1,500 insurances are offered by InsureMyTrip, such as AD&D Protection, Comprehensive, Travel Medical, Evacuation, and Travel Visa. Travelers understand that complete medical insurance is InsureMyTrip’s biggest and most unique feature.
All medical conditions are covered by InsureMyTrip, including COVID-19, Ebola, Zika, and bird flu. Moreover, treatment for unwanted mental health problems that surface during your trip is also covered by InsureMyTrip. Because it enables you to compare travel insurance and suggest the best company depending on the details of your trip, you will be able to obtain the finest travel insurance for your next vacation.
Travelex
With its Travel Select plan, Travelex provides long-term insurance coverage appropriate for digital nomads. This insurance policy offers a one-year maximum duration and includes additional coverage for medical expenses, adventure sports, rented car accidents, and CFAR. Additionally, it offers a benefit for digital nomads with children, as it covers children under 17 traveling with them.
In addition to $50,000 in emergency medical expense coverage, Travelex provides $500,000 in emergency medical evacuation and repatriation coverage. For a fee, you may enhance the limits. If you purchase this plan within 15 days of making your first trip payment, you may also be eligible for a waiver of pre-existing medical conditions from insurance.
Atlas Travel Insurance
For long-term and digital nomad travelers looking for medical coverage and other trip benefits, Atlas Travel Insurance offers health insurance policies. Additionally, you will need to indicate if you want to include the United States in your coverage area when choosing insurance.
As one ages, coverage limitations drop, and there are different deductible levels available for each plan. Furthermore, digital nomads may choose between two packages from Atlas: Atlas International and Atlas International Premium, which are $274 and $682, respectively.
Passport Card
With a $0 deductible and no claims, PassportCard is among the top 10 cutting-edge travel insurance choices for digital nomads. Additionally, it provides a debit card for real-time medical bill payments, eliminating the need for cash payments.
This eliminates the need for waiting for reimbursement after submitting a claim. Furthermore, PassportCard offers three monthly plans, including Compact (€180), Comfort (€202), and Premium (€315), with prices varying depending on individual needs and the US.
