There are only a few days left in September, so make good use of them and see if you can still find good travel insurance before prices go up on October 1st. I understand there may be approximately five per cent increases on many plans after that date, so the time to act is now.
Canadian travel insurers are very aware that health care in the United States is in turmoil with the implementation of Obamacare, and though you are not directly affected by its terms, the hospitals, doctors, and other segments of the health care industry are adapting to an unknown way of doing business. Much of Obamacare is still wrapped in mystery.
For example, the giant Cleveland Clinic network (which has large satellite operations in South Florida and in Arizona) just last week announced that it will have to cut up to $300 million off its operations in 2014—and that means services, doctors, and perhaps even some facilities. Other hospital systems are under the same stresses. So Canadian insurers have to factor this great unknown into their pricing. One thing you can be pretty sure of is that premiums for travel to the US are not likely to go down.
Even if you don’t plan on heading south until Christmas, or shortly thereafter, you can still apply now and get today’s prices. But understand that most insurance policy benefits are based on your health status at the time your coverage becomes effective—and that usually coincides with the start of your trip. So if you apply now, and your health changes in any way before your effective date of coverage, you must let your insurer know. That may result in an alteration of your premium, but you know you will be covered.
This is spelled out in your policy’s “limitations and exclusions.” Read them, and abide by them.
It’s sound business and it makes for a safer vacation.