SafetyWing

SafetyWing is a startup that was established to solve a major problem with the digital nomad lifestyle – what do you do if you get sick abroad? If you come from a country with universal healthcare it can be daunting to face your first medical bills. Even those from insurance based systems will be horrified to discover the cost of setting up different plans in every country.

The travel medical insurance and health insurance plans SafetyWing offers aim to remove these barriers. They cover you in almost every country in the world so you won’t have to worry about researching the different healthcare systems of everywhere you visit. They also offer global health insurance for remote teams. So it might be worth chatting to your boss about it. 

SafetyWing Travel medical Insurances

Nomad Insurance covers you for unforeseen illnesses and injuries, as well as travel emergencies like long delays, passport theft and lost baggage. They’ll even cover you for emergency flights home – a major cost that many digital nomads forget to consider. 

You can now purchase optional add-ons, including coverage for electronics theft and adventure sports. This means thrill seekers are covered for skydiving, paragliding, scuba diving and more, while digital nomads have peace of mind knowing they will be reimbursed if their laptop or phone is stolen. 

Nomad Health is their newest insurance product that offers comprehensive global health insurance. This includes coverage for routine care, vaccines, dental and vision benefits, maternity care, mental health support and more. This is best for long term nomads, expats or people who want to supplement their home insurance. 

Safety Wing is building an online safety net for digital nomads. They are launching an all-inclusive membership in the future that provides health, retirement and other financial security benefits for global citizens. It’s easy to take social security for granted when you’re back home – but once you’re out on the road you don’t want to learn what it’s like to live without it. Safety Wing takes out some of this uncertainty and covers you through any bumps in the road.

Coverage of SafetyWing Insurance Plans

SafetyWing Insurance offers two main types of insurance plans – the Remote Health plan and the Travel Medical plan. Both plans provide coverage for medical emergencies, hospitalization, emergency medical evacuation, and accidental death and dismemberment. Here’s a breakdown of the coverage of each plan:

1. Remote Health Plan – This plan is designed for remote workers who do not have a fixed home base. It provides coverage for medical expenses, including doctor visits, prescription drugs, and specialist care. Additionally, it includes coverage for mental health, maternity care, and pre-existing conditions. The Remote Health Plan also includes access to telemedicine services, which allows policyholders to consult with a doctor online. Prices start at $149 per four weeks of coverage, with discounts available for longer coverage periods.
2. Travel Medical Plan – This plan is designed for travelers who need coverage for medical emergencies while traveling abroad. It provides coverage for emergency medical expenses, hospitalization, and emergency medical evacuation. Additionally, it includes coverage for COVID-19 related medical expenses. Prices start at $45 per four weeks of coverage, and $83 including travel in the US, with discounts available for longer coverage periods.

Pros and Cons of SafetyWing Insurance

Pros

• Affordable Plans: SafetyWing offers affordable plans that are ideal for budget-conscious travelers.
• Flexible Coverage: The plans are flexible, and customers can choose the coverage that best fits their needs.
• Easy to Purchase: The plans can be purchased online, making it easy for customers to get coverage quickly.
• Comprehensive Coverage: The plans provide comprehensive coverage, including emergency medical evacuation and travel assistance.

Cons

• Limited Coverage: SafetyWing’s plans may not cover pre-existing conditions or routine medical check-ups.
• Limited Payouts: The payouts for medical expenses may be limited depending on the plan selected.
• Limited Coverage Period: The coverage period is limited to a maximum of 364 days.

SafetyWing Insurance Conclusion

SafetyWing Insurance is an excellent option for travelers, digital nomads, and remote workers who are looking for affordable and flexible coverage. Their plans provide comprehensive coverage, and customers can choose the plan that best fits their needs. While there are some limitations to their coverage, the prices are competitive, and the plans are easy to purchase online. If you are a frequent traveler or a digital nomad, SafetyWing Insurance is worth considering.