On a recent trip to South Korea, one of my clients who has a history of heart problems was rushed to a hospital where no one spoke English, leaving him and his wife on their own to determine if the care he was receiving was adequate or appropriate. Fortunately, things turned out okay, but he, of course, never wants to relive that nightmare.
Retirees may have more time for travel, but oftentimes health factors deter them from taking trips abroad, especially to more off-the-beaten-path places or countries where language is a barrier and good medical care is hard to find.
As a financial advisor, my clients tend to talk to me about their travel plans, which can include exotic locations and trips to remote areas to work with charitable organizations. But they have also admitted they have concerns about existing health issues, getting sick or having an accident while traveling.
The world's a big place, and unfortunately, the quality and availability of medical care abroad varies greatly from country to country. Before booking a trip, travelers should consider how they might access adequate health care in case of a medical emergency.
Read MoreSex, lies and overspending
Unlike in the past, a number of options are available, and financial advisors can add value to clients by educating them on the various medical services out there.
We now suggest Black Bag to our client who was rushed to the hospital in South Korea—and to the number of clients we have who travel frequently to remote areas of South America and Africa to do charity work, including manual labor, like constructing houses and water-supply systems and distributing food.
Should an emergency occur, our clients are now confident that we can suggest a service that will help to arrange for their evacuation to a more suitable facility and will oversee every step of their care.
"Health issues don't have to dampen travel plans. Medical expertise is available when and where your clients need it."
These services are available either on a per-trip basis or, for frequent travelers, on an annual basis. To be sure, they are not cheap. However, our clients say the thought of knowing that adequate health care is available is worth it.
Health issues don't have to dampen travel plans. Medical expertise is now available when and where your clients need it.
Advice and the Advisor
Too many employees hold on to restricted stock units after they vest—and fall into the trap of concentration risk.
Many consider municipal bonds a safe bet, but it's key to understand the types of munis and an issuer's ability to pay.
A look at five family financial feuds where notables were accused of gold digging or suffered scam attempts themselves.
Many financial advisors claim to offer 'customized' portfolio services, but most don't have the resources to deliver.
Contact Advice & Advisor
Get the best of CNBC in your inboxTo learn more about how we use your information,
Business icons and provocateurs share their innovative models. Learn how to upend old industries, and start new ones.
A look at 50 private companies set to reshape the business landscape.
Whether you're young and just getting started investing or moving closer to retirement, factoring in age will keep you ahead of the game.
It's never too early or late to save for retirement. A decade-by-decade checklist of investment to-dos for all ages.
A survey found the rich wonder if an inheritance might stifle kids' drive, how much to leave and whether to discuss it.
Advisor Mark Cortazzo explains alpha and beta, risk ratio terms used to calculate, compare and predict returns.