It may cost more because you’re considered more likely to make a claim. But when you weigh up the costs of medical care abroad, it’s certainly worth the extra money. For example, hospital treatment for a heart attack in the USA could set you back as much as £75,000 if don’t have the proper insurance.  

It’s vital that you declare any pre-existing medical conditions when you apply for travel insurance and give insurance providers all the information they need, otherwise your policy may be invalid should you need to make a claim. 

What factors can affect the cost of my travel insurance policy?

There’s a variety of factors that go into calculating the cost of over 60s travel insurance, and they tend to vary between providers. However, the main ones are:

• pre-existing medical conditions – the more serious it is, the more it could affect the cost of your premium
• your destination – over 60s travel insurance is usually cheaper for Europe than long haul destinations, such as USA and the Caribbean, as medical care is typically more expensive in those areas  
• the length of your trip – from an insurance provider’s point of view, the longer you’re away, the higher the chance of something going wrong