More and more people are booking their international travel in larger groups now, so as to offset the rising cost of plane tickets and hotel accommodations. For travelers looking for other ways to save money, the group insurance plan provides not one but two ways to save money.

Travelers will save on the cost of insurance itself. By splitting the expense of group medical insurance across each person in your traveling group, you’ll find the individual cost to be lower than buying your own plan of comparable coverage.

The second way group travel medical insurance saves you money occurs when you use it. Your current insurance policy probably doesn’t cover healthcare needs that arise while you’re traveling overseas. That means that if you were to visit a doctor or a hospital during your international trip, you’d have to pay the full price for your medical care. Instead of the standard pays you’re used to, you’d suddenly be responsible for hundreds or even thousands of dollars in medical expenses.

But travel insurance for groups saves you from paying those high costs. It works just like your typical insurance policy, paying 100% of your coverage after the deductible has been met. And you can set your own deductible ranging from $0 up to $2,500, depending on what you’re comfortable with.

Group travel insurance is ideal for missionary groups of five or more people who may be concerned about the state of countries they are visiting. It covers standard medical expenses as well as extreme circumstances like evacuation expenses, terrorist attacks, and natural disasters.

Your group trip insurance policy will have a maximum coverage level that varies according to the age of people in your party. If all travelers are under the age of 70, the maximum coverage is $1,000,000. If travelers are between 70 and 79, the maximum coverage is $50,000. And for people 80 and over, the limit is $10,000.

Another variable factor is the length your group is staying. Policies are available anywhere from 12 months on the high end to just 5 days on the low end. So there’s a perfect fit for everyone from a group taking a short pleasure excursion to missionaries doing longer-term work in a foreign country.

Group medical insurance is a wise choice for international travelers in parties of five or more. It will help you save on the initial cost of buying travel medical insurance, as well as the long-term cost of getting healthcare service you need while abroad.

Dan Miller often writes about travel insurance.