Comments on: Travel insurance a problem for over-65s (24.10.05) http://www.quotewright.com/weblog/2005/10/24/travel-insurance-a-problem-for-over-65s-241005/ All you ever wanted to know about Travel Insurance and then some... Fri, 21 Nov 2008 18:48:05 +0000 http://wordpress.org/?v=2.6.3 By: John http://www.quotewright.com/weblog/2005/10/24/travel-insurance-a-problem-for-over-65s-241005/#comment-4 John Tue, 25 Oct 2005 17:22:14 +0000 http://quotewright.com/weblog/?p=50#comment-4 Will travel insurance in the USA follow the same path as the UK? Have we already started down the slippery slope toward restrictive markets for older travelers? Unfortunately the answer is probably yes. Several years ago travel insurance companies in the USA started using age based rates instead of the community based rates that they had been using. Now all of the companies use age as one of the rating characteristics. And older travelers are paying more for coverage; sometimes as much as 17 - 20% of their trip costs. Have the rates settled or can older travelers expect more changes? This writer doesn't believe that the rates have settled yet. Companies are now using age to track their losses and with the aging population in the USA it will mean more changes in the future. Will travel insurance in the USA follow the same path as the UK? Have we already started down the slippery slope toward restrictive markets for older travelers? Unfortunately the answer is probably yes.

Several years ago travel insurance companies in the USA started using age based rates instead of the community based rates that they had been using. Now all of the companies use age as one of the rating characteristics. And older travelers are paying more for coverage; sometimes as much as 17 - 20% of their trip costs.

Have the rates settled or can older travelers expect more changes? This writer doesn’t believe that the rates have settled yet. Companies are now using age to track their losses and with the aging population in the USA it will mean more changes in the future.

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