What is a Foreign Travel Exclusion?

In this episode of the Cover Your Assets podcast, host Billy Gwaltney discusses the concept of foreign travel exclusion in disability insurance, particularly for physicians with international backgrounds. He explains how this exclusion affects eligibility for benefits based on residency and travel, emphasizing the importance of understanding the nuances of insurance policies. The conversation also touches on the evolving nature of insurance coverage in a globalized world and the critical role of healthcare access in these decisions.

Takeaways:

• While insurance companies are adapting to global living situations, foreign travel exclusions can affect disability insurance benefits.

• Permanent U.S. residence is often required for benefits.

• Insurance policies are fluid and can change over time.

• Healthcare access is a primary concern for insurers.

• Understanding exclusions is crucial for policyholders.

• Consulting with a specialist can clarify nuances.

• Traveling to a country in conflict may affect coverage.