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What is the difference between travel insurance and medical insurance (health insurance)?

I am going for a trip in South Korea for about 4 months. My travel agency is selling travel insurance for about 400$ for the whole time but the school im gonna be studying at also sells Korean health insurance for about 150$. Both seem to cover medical costs and accidental death. What is the difference between the two?

Public Comments

1. Sorry, but insurance is in a world or galaxy of its own. It is contract with specific clauses and conditions in which the insurance company pays in events spelled out. Travel insurance companies offer a variety of products so it is quite difficult to say. Generally, travel insurance protects the buyer from losing the entire costs of a trip (airline tickets, hotels, ground transportation, etc.) should you not be able to make the trip. Medical insurance is for medical expenses should you get injured or ill while abroad. You have to play lawyer and read all of the clauses in these contracts but primarily the travel insurance one. There have been too many complaints from customers but usually it is because they do not understand what they are buying. For example, the Korean insurance will probably not cover anything outside of its borders. If you are a student and do understand what they offer I encourage you get your parents, an adult or even a lawyer to help. The $400 for travel insurance sounds a bit high. If you are not paying for the travel costs, which you may not be, then that might be a reason you would not be even qualified for insurance. Like I said, the details can be complex. You know your situation best and you must have adults or more experienced people you can contact and get advice. It is best to have the written documents related to the insurance on hand. OK? Best of luck in your Korean studies. Sounds like a very exciting opportunity. Regards.