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Digital nomad career options while living abroad as an expat

Digital nomads are often referred to as people who earn income remotely and mostly online, rather than from a physical permanent office. Today, digital nomads can be found in many industries such as writing, IT, media, tutoring, medical service, blog writer, consulting and more. For expatriates living and traveling abroad, the flexibility and freedom of a digital nomad is the ultimate global lifestyle. In this article, we will discuss why expats are becoming digital nomads along with the careers that are ideal for this exciting lifestyle.

Why So Many People Are Eager to Become Digital Nomads – A Freelance Career in a Globalized Economy

One of the most advantages of the digital nomad life is the freedom to travel and live in new places without restrictions. This is especially attractive to expatriates who are already living overseas. Expatriates working as digital nomad can earn money as they travel and may be open to more career opportunities. For expat spouses living abroad with their employed expat partners, a digital nomad career is often a perfect solution for not having permission to work in the new destination country.

Another reason  why people become digital nomads would be differences in currency values and cost of living. For example, if you are earning US dollar but living in Thailand, you will benefit from the currency conversion as $1 USD equals to $34 Thai Baht. Therefore, your income could lead you to a better quality of life and let you have more time for leisure. As would be expected, the cost of living in many developed and third world countries can be a fraction of the costs in North America or Europe.

Digital Nomad Career Options for Expats

We have compiled a list of you will need to acquire the right skills & contacts. Please check the list of skills & careers that are ideally suited for expatriates living abroad:

  • Computer Based Expats: As online businesses are growing much faster than traditional retail stores, eCommerce website platforms are in great need. learning computer skills doesn’t mean you have to become a programmer. If you start to learn the basics in web page design, you will be able to develop a website for clients in a few weeks. You don’t need to know how to code, there are many website templates available. Lastly, you will need a laptop with fast internet access, not dial-up.
  • Travel Writer: To write well about travel requires passion and local friends. Travel writing is not just includes destination tour guides or hotel recommendations, it is all about the stories and experiences during your stay. Many travel writers start their writing a blog site. From there, some of them get offers of book publishing and may even be offered free travel. It is recommended to use social media such as Facebook, Twitter and Instagram to connect with your potential readers and editors.
  • Writer – copy-writing: To become an online freelance copywriter requires proven similar work that you’ve done before and identify your ideal clientele that may be scattered around the globe. Search engine optimization (SEO) is a much sought after skill, so there is great demand for online content copywriters, such as website copy-writing, SEO copy-writing, and other forms of social media writing. Make sure to find out what type of copywriter you want to be and understand the role you are applying for, then pitch yourself to an ideal client.

  • Consultants: If you are knowledgeable and experienced on a particular subject, then to become an online freelance consultant would be a good choice for digital expats. Popular industries and sectors of online consultants including education, music, marketing, accountancy, security, engineering, human resources, science and finance. In some industries, a consultant may be required to develop customized report and presentation online. To become an external online consultant, you may to acquire the certain certifications and qualifications, and choose your target market wisely.
  • Social Media Expert: Nowadays, almost every company is realizing that they need social media specialists for content marketing and multi media management. If you know social media channels and campaigns, such as Facebook campaigns, email marketing, social advertising, etc., you may be able get a job as a freelancer while living overseas. Many clients won’t mind that you are a digital nomad.
  • App Developer: This type of work requires solid software development skills and knowledge such as SQL, JavaScript, C# or C++, Python, etc., no matter you are building mobile Apps for either the Android platform or Apple’s IOS system. There are short intense programs to teach future programmers skills and knowledge in as short as 8 to 12 weeks, however, to become an App developer requires constant and long hours of effort. Some of the most popular careers in App developing include IOS for creative enterprises and mobile cloud computing with Android.

  • Translator: If you speak at least two languages including your native language, a career in online translator might just for you. There are many kinds of translation works such as novel translation, movie translation, legal documents translation and conference/specialized material translation. One of the first steps to become an online translator is to get accreditation or certification. If you have specialty in fields like electronic engineering, computer science, or biology, then you may even have the advantage of translating technical documents.
  • Web Site Development: SEO (Search Engine Optimization) and SEM (Search Engine Marketing) specialist careers are ideally suited to digital nomad experiences – it is a often viewed as a great self-employed business to run from almost anywhere. In addition to web and computer knowledge, you will also need analytical skills to deliver the results.
  • Graphic Design: Using a wide range of  media and software such as Photoshop, Illustrator, etc. to design visual layouts and corporate magazines can make you a digital nomad and work anywhere you want, especially you have proven graphic designing experience. It’s a job that can easily be completed anywhere in the world with good internet access.
  • Online Teaching: As the English teaching market is growing, it is a great way to travel and become an expat English teacher. Compared to traditional in-classroom teaching, online teaching has many advantages such as flexible and efficient. Online teaching allows you to teach from anywhere. Learning English is very popular in Asia. If you are a native English speaker, the possibilities are endless.

 

Don’t forget International Health Insurance if you are a digital nomad

For digital nomads living abroad, it is important to note that you will be responsible for obtaining your own international health insurance plans as you won’t be supported by an employer and the country you live in may have little or no medical coverage or even adequate healthcare facilities. Domestic plans may not even cover you or will only cover you in that one country, which is not ideal if you wish to travel or obtain health coverage abroad. You will probably lose your current health plan coverage if you live abroad or it may not cover overseas travel. If you have questions about our international medical insurance plans or you want to discuss your needs and produce a customized quote, please contact us or complete the quote form. Also don’t forget to obtain individual life and disability coverage as well if you are a digital nomad. 

Is your company meeting it’s “Duty of Care” obligations to it’s expat employees?

An Expat Employer’s Fiduciary Duty of Care for Expats

Sending employees abroad is a big financial, moral and legal responsibility for expatriate employers. Many professionals are constantly talking about the importance of providing a “duty of care” for expat employees sent to work abroad and even when sending employees for long or short term assignments and meetings. What does this mean? In my view, it basically means that the global employer needs to take all steps required to safeguard and prepare for the safety, well being and health of their employees. It is the fiduciary responsibility that experienced global mobility managers realize is so important regardless of the legal implications – its a moral responsibility. This is especially true today in a world where conflict and terrorism can strike almost anywhere. It makes sense to plan for what your employees may face abroad.

Employers Should Examine Their Obligations

It is critical that expat employers meet the overseas obligations of their employees, whom can find themselves in new and sometimes hazardous regions and countries that they may not be adequately prepared for. It is vital that HR managers carefully read over the employment contracts to make sure that the company is fulfilling its obligations to their employees. This means that employers should examine their employees’ needs and country location to prepare for contingencies. Our firm has access to very detailed country information that can provide global mobility managers with key insights for each destination, including security reports. 

Expat Employers Should Identify Risks

When your HR department is sending employees overseas, it often make sense to ID risk and adopt prevention measures and train employees. You can’t hope that nothing terrible will happen. You can’t account for all the risks that your employees and their dependents may face working or traveling abroad, but you can take steps now to plan and mitigate those situations. We recently had an employer who finally agreed to implement a comprehensive kidnap and ransom program with security evacuation and in the first year of the policy it was used after a group of employers were kidnapped by bandits. Luckily with the assistance of on-sight negotiators paid by the insurer and a ransom being negotiated, the hostages were released unharmed.

heart rate monitor and doctors in an emergency room

Inadequate Insurance Coverage for Expats

A recent report from Cigna mentioned that 50% of expatriate employees feel that their expat employers are not meeting their duty of care requirements for the global assignments that they are on. Furthermore, three quarters felt that they did not have sufficient funds to support their healthcare expenses. We often run into situations where new and even existing expat employers will send employees and their dependents (spouse & children) on overseas assignments with inadequate planning and especially insurance coverage. With more an more companies and non-profit organizations sending employees for short or long term assignments to high risk countries such as Iraq & Afghanistan, the requirement to provide a secure and safe work location is vital. Our firm has extensive experience in working with employers operating in such areas where civil strife and conflict are commonplace.

Common Expat Insurance Deficiencies We Have Observed

Here are a list of deficiencies that we often encounter:

  • No coverage for pre-existing medical conditions
  • No cover for pregnancy or a 12 month waiting period
  • Many expat employers have no disability coverage in place
  • Coverage is placed with insurers that simply can’t meet the needs of expats
  • Lack of adequate evacuation cover that is not fully insured
  • No war or terrorism coverage for employees residing in high risk countries
  • Inability of expats to find medical centers that can receive medical payment directly from the insurer

What Expat Insurance Coverage Can Help Your Company Meet It’s Duty of Care?

A group expat plan that is properly designed and sourced can provide a high level of global insurance coverage that will fully meet the duty of care for your expatriate workforce stationed around the world. We are able to source the following coverage for our group expatriate clients:

It is critical that your global mobility department fully commit to the duty of care philosophy and provide global coverage for your employees that exceeds what is required no matter where they are posted. Our firm can source plans for individuals and groups. For more information on the global benefit plans that we can offer your international workers, please contact us today.

global medical

When should you apply for international health insurance?

Moving abroad is one of the most important and exciting decisions you will ever make. Living abroad, either permanently or temporarily, can be a challenging and rewarding experience. To stay healthy and fit while living and working abroad, there are many health risks that you want to avoid. In fact, to better plan and prepare a safe journey before departure, one of the most important considerations would be an appropriate international health insurance plan. In this article, we will discuss steps that should be taken to apply for international health insurance before or after you have moved abroad.

Start Looking Early

Generally speaking, most insurance companies require health insurance application at least 30 to 45 days prior to departure. You should allow for a week or two for the health insurance underwriters to process your application, but also they need to check whether there is geographical exclusions that may apply depending on level of cover or due to a pre-existing medical condition. It is suggested future expatriates to start research your destination’s health care situation, and contact your employer and find out whether you are covered under employee benefit package.

Yes You Can Apply After You Move Abroad

Note that you can apply if you have already moved abroad – some people will purchase emergency travel medical insurance and then transition to a global health plan. Sometime you may simply want to move to another insurance company. Or you may be striking out on your own and have to leave your employer’s group expat benefit plan.

What to Look For in Global Medical Coverage?

International health insurance provides essential cover for inpatient, day patient care, accommodation costs, cancer care, mental health care, etc. The Cigna Gold and Platinum plans can also provide inpatient maternity care after a waiting period. The earlier you apply, the earlier that waiting period will be removed – which is key if you plan to have children when living abroad Some employee health insurance plans are focused on basic local coverage, and this is not applicable to expats who are internationally mobile. It is important for expatriates to obtain an appropriate international health insurance plan with flexible and comprehensive cover.

Doctor posing with a world globe.

What if You Have a Pre-existing Medical Condition?

There are many chronic medical conditions or pre-existing conditions that expats and their families may suffer from. The top 5 well-known chronic conditions are heart disease, arthritis, HIV, diabetes or depression. If expats with pre-existing medical conditions are travelling in a location where the healthcare facilities are substandard, it is all the more important to have full coverage. An untreated medical problem can quickly become serious. If you have a pre-existing medical condition, it is even more important that you apply as soon as possible. It will often take time to gather previous medical history and tests and the underwriters may have to write to your doctor to obtain additional information. This can all take a lot of time and you may not get a decision from the underwriter before you leave.

In many cases, pre-existing medical conditions should being placed on the group benefit plan prior to the effective date. Individual expatriate health insurance plans will either exclude previous medical condition, decline the application or raise the premium. However, we work global medical insurance companies who can provide full coverage for pre-existing medical conditions on the medical coverage for both the employees and dependents if the employer has more than 25 or 30 global employees – including both expats and local nationals. To learn more, please read our blog article “Expat Benefit Plans – Make sure pre-existing conditions are covered!

Talk to Expat Financial to Discuss Your Global Medical Insurance Needs

It makes sense to obtain a quote and apply as early as possible. It also is critical that you talk to an expatriate insurance expert that can discuss your requirements and provide quotes from a variety of global medical insurance providers based on your unique needs. We offer a variety of excellent global medical plans that can meet almost any need and budget. For more information and to review the plans that we offer, contact our office or visit our international health insurance page. If your organization has a group of two or more expatriate employees, our firm can source international group insurance plans.

5 Tips for expats to stay healthy and fit while working and living abroad

For many expatriates, working and living abroad opens the doors to new adventures and challenges. However, it is very important to stay healthy and fit while experiencing your new expat assignment. There are many potential health risks that you will definitely want to avoid, especially in some third world countries. In this article, we will discuss five tips on how to stay healthy while living in a new country.

1. Eat Healthy and Drink Clean Water 

Clean water is critical for staying healthy, whether it is used for food production, drinking or domestic purposes. According to a recent report retrieved from World Health Organization (WHO), contaminated drinking-water is estimated to cause hundreds of thousands of deaths each year. Expatriates living and working abroad should be aware of the potential health risks of contaminated water and should take steps to secure clean water at work and at home. This is especially the case in water-stressed areas where drinking-water without improved sanitation. Contaminated water is a major transmission source of many diseases such as diarrhea, typhoid, dysentery, cholera, etc. It is strongly recommended expatriates to boil water before drinking if you are not 100% sure that the water is safe. In the end, maintaining hydration is critical both home and abroad, especially in hot climates.

According to World Health Organization (WHO), developing a healthy diet helps protect against leading noncommunicable diseases such as diabetes, obesity, heart disease and cancer. Expatriates living and working abroad should avoid fast food or street food stands. Always go to local grocery stores or markets to find some fresh fruits and vegetables – but you should be careful eating raw vegetables in some developed countries. It is suggested to avoid unhealthy weight gain through consuming excess calories, sugar and salt.

2. Build an Exercise Routine

Physical activity has significant benefits for your health while living abroad as an expatriate. It has been reported by the WHO that physical inactivity has been identified as the fourth leading risk factor for mortality causing 3.2 million deaths globally. Expatriates should exercise regularly through cycling, walking or sports while living and working abroad. Some expatriates may find it hard to rebuild an exercising routine in their destination country due to security risks or extreme climates. One suggestion is to purchase an exercise machine at home or join a gym. A healthy exercise routine will help expatriates to stay active and energetic.

3. Obtain International Health Insurance 

In many countries where local public healthcare facilities may not up to western standards, expatriates will want to use private medical care. However, these private facilities are usually very expensive, especially in emergency situations. Without appropriate international health insurance plan, expatriates could end up with receiving large medical bills and putting your financial status at risk. A global medical plan can not only cover large medical expenses, but it can also cover you for preventative health and medical tests that can help you maintain you and your family’s health. This can even include vaccinations and health monitoring.

An international health insurance plan will provide expatriates and their families worldwide coverage (except in the USA unless you add it as optional benefit). It allows you to seek medical care internationally and is critical for expatriates residing in less developed countries where medical care facilities are below standard. Expatriates living and working abroad will benefit from an international insurance plan with day-patient care and full hospital coverage, extensive cancer coverage, dental and vision care, international medical evacuation and repatriation.

4. Be Aware of the Potential Health Risks 

Expatriates living and working abroad may travel frequently. There are many potential health risks such as tropical diseases, respiratory illness, open wounds, etc. These diseases may not make people feel too bad at first, however, they can get deteriorate very fast and become life threatening. If you feel sick in your destination country, seek medical help as soon as possible. Don’t postpone treatment. To stay healthy, it is often important to update routine vaccinations and avoid any potential health risks. Expatriates should always consult a medical professional about vaccination requirements before traveling.

5. Stay Socially Active and Maintain your Mental Health

Expatriates may find not as easy to socialize as they did back in their home country. However, researches have shown that staying socially active can help people maintain good emotional and physical health – especially when you are living abroad and living in a new country and experiencing culture shock. It is important for expatriates to join a group of trusted friends they can socialize with and plan some activities together in their destination country – most cities have active expat social scenes and clubs. These kinds of social interaction offer many benefits to expatriates. For example, global relocation and stresses may have negative impact and cause mental health challenges such as depression. Being socially active will minimize the stress level, monitor signs of depression and prevent other mental health issues.

Also, don’t forget to help your expat spouse and children as their new life abroad can be exciting, but also stressful and isolating. If your spouse is unable to obtain a work permit, maybe he or she can work remotely or volunteer. For expat kids who are experiencing difficulties living abroad, making friends and getting used to the new school – maybe consult a psychologist if required. Many expat health plans will cover mental health and counselling.

Expat Financial offers independent advice, solutions and excellent service and support to clients around the world and we have extensive experience in sourcing medical cover for individual expats and expat employers worldwide. For expats who may have questions about international medical insurance plans we offer to individual expats or  expatriate group insurance plans, please contact us. We look forward to hearing from you soon.

The benefits of taking an expat mining job in Africa

Expat Mining Assignments in Africa – A Great Opportunity

In the past 10 or 20 years, there has been a mining boom in Africa as more and more global mining firms have been searching for minerals and setting up producing mines, most in very remote regions of the continent. As companies have increased exploration, especially in Central Africa, they have had to recruit expatriate talent from around the world to fill vital management and executive functions at mine exploration and development sites.

According to several reports, in 2015, almost 65% of  international mining companies claimed to increase investment on explosives as the market environment continue to improve. This means a shortage in local mining job market, especially for expat mining professionals.

With the recent improvements in metal prices, especially for gold, we are confident that the mining industry will continue to grow in Africa. There will be benefits for both local nationals and expatriates. In this article, we will discuss the benefits of expat mining jobs in Africa.

Excellent Career Opportunities for Expats in Africa Mining Industry

According to 2016 Ernst & Young Africa Attractiveness Survey, the long term outlook for economic growth & investment in Africa remains positive. Many major and minor mining firms are actively looking experienced and talented people from around the world. Positions such as mine engineering, electrical technicians, structural engineering, geologists are required for various mine operations. Other skilled expat positions in mining are available. Working overseas, especially in remote mine sites, can be quite challenging, but can also boost your mining industry career.

Explore Africa’s Culture

There are 54 countries in Africa today. Each country has a diverse culture, unique art and music representing regions. For example, Ghana, the second biggest producer of gold in Africa, has over 100 ethnic groups residents inside the country. In history, Ghana is the place of the great Ashanti empire during the late 17th century. Kumasi, served as capital of the empire, is one of the most advanced cities in Africa. The Ghanaian people are friendly to expat community. For expatriates working in Africa, Ghana has much to offer. There are also many other countries in Africa that can offer expatriates excellent cultural activities, resorts and tourist spots to explore.

Attractive Expatriate Salaries Available in Africa

Expatriates looking for mining jobs in Africa will find that the remuneration package is usually quite competitive. Many major mining firms will offer excellent accommodations with laundry services, expatriate community facilities such as basketball courts, fitness centre, satellite TV, etc. Mining companies are often willing to provide lucrative expatriate salary to attract and retain mining professionals. This can include schooling for your children posted abroad with families. Expatriates who are proficient in English and a second language are often highly preferred employees. If you have experience in working in Africa, this can be a great asset.

Working in Africa Can be an Adventure 

Africa is a land full of adventures and wonders: safaris, camping, diving, etc. Working in Africa is a way to get a completely different adventurous experience. You are working with local people during day time and spend weekend with them together. You will not only experience adventure travel and outdoor exploration, but also a chance to learn local language and lead an intercultural lifestyle. It is worth noting that some parts of Africa can be unsafe, so you should make sure that you and your employer will be taking steps to insure your safety.

Don’t Forget International Insurance Coverage for Expat Mining Assignments in Africa

Future expatriates need to keep in mind that working & living in Africa will have challenges. For example, the water supply and electricity in some countries is unreliable and there are often danger roads and more exotic illnesses in the region. South Africa, one of the richest country in Africa, has very good medical facilities and many expats working in the region will travel or be evacuated there to receive treatment. However, in some other poor African countries, the healthcare facilities is often far below standard. It is vital that expatriate mining professionals obtain excellent expat insurance coverage from their employer or on their own.

Many mining companies will offer health insurance plans for expat mining staff that they employ. It is crucial for expat employers and employees to obtain international health insurance with global life and accident coverage, dental and long term disability coverage. Some mining executives working in Africa will have to source their own coverage, especially if they are working as consultants – luckily our firm has a wide range of individual plans available. Evacuation coverage is obviously critical for mining employees residing in most Africa countries as more serious illnesses and injuries will often require medical care in another country or even in another continent, such as Europe. Another concern is civil strife, war and terrorism – which can be quite common in certain African nations. Thus, it is critical that your corporate policy for your expats in Africa have full war and terrorism coverage.

If you have questions about our international medical insurance plans or you want to discuss your needs and produce a customized quote, please contact us or complete the quote form.  We have extensive experience in sourcing global mining insurance coverage. For more information, please view our Global Mining Brochure. A quality expat benefit plan is critical if your resource company wants to protect & cover its employees, cover its risks and help retain and and attract the top mining employee talent to operations in Africa. 

7 Tips for managing expat finances

For expats, those retiring offshore or even those going abroad for over a year, managing expat finances is critical. For most, moving abroad and working overseas can be one of the most exciting things of your life. However, expats will want to plan ahead to preserve and grow expat finances and investments. It is very important for individuals and families to plan ahead and maximize their expat finances. In this article, we will discuss 7 great tips for managing and protecting expat finances and investment while living and working abroad.

1. Know Your Expat Tax Status 

A common misunderstanding about expat tax is when expats move abroad, they are instantly exempt from their hometown tax system. This is usually not the case. For example, a British expat living abroad who is no longer a UK resident (spend fewer than 16 days in the UK), he or she may still be responsible for tax of the profits of a UK business or property situated in the UK, and UK pension income. Other countries such as Argentina, joint filling income tax is not available. For American expats, the complexity of expat tax can be quite daunting. Expat tax issues can be very complicated and it often makes sense to work with a professional firm. It is important to do research and visit your local tax office before moving overseas to make sure that you know the rules. We often recommend that expatriates talk to an expat tax expert such as Trowbridge.

2. The Cost of Living for Expats

Before accepting a job offer overseas, you should definitely do some detailed research on the cost of living in your destination country. This may include any additional costs you may face: school fees, transportation fees (driving a car and parking fees), rent an apartment or buy a house, leisure and entertainment, etc. The cost of living for expatriates can vary significantly from one place to another and will often be more expensive than what the locals pay. For example, according to Numbeo, in Mexico, rent a 3 bedroom apartment in city centre costs over $500 USD; Whereas in Singapore, a 3 bedroom apartment rent per month could almost $4,000 USD. Knowing the cost of living in your destination country will give you peace of mind and let you plan ahead.

3. Currency Management is Critical for Expats

It is common for expats to exchange currencies from their hometown bank accounts into destination country’s currency. However, banks may charge high flat rates and currency exchange rates which expats will want to avoid. This is especially important for expat families with international payments across countries. Some international banks offer fixed exchange rate for a period of time. Expats should definitely explore different methods of managing currencies as this can save quite a bit of money and time. You can obtain more information on currencies and currency issues on our Foreign Exchange page and you should talk to an exchange expert.

4. Organize your Expat Investment Portfolio

You should organize and take stock of all your current investments before your become an expatriate. You should try to make sure you will be able to manage your various stock, bank and investment properties from abroad or if you will have to sell some of those investments before you go offshore, especially for tax reasons. Many expatriates often sell their homes before living abroad, but when they return they find that they should have retained and rented the home as house values have increased dramatically – this is especially trued for many Canadian and Australian expatriates.

Your risk profile may change because you will be living abroad. Will you have the time and ability to manage your investment portfolio and will your new expat location impact your investment decisions. If you have a private or company pension plan, you should examine how living abroad will impact your retirement savings and taxes. It makes sense to talk to an investment expert before you live abroad.

5. Have You Cancelled Payments in your Hometown?

This is obvious. However, many expats may forget to cancel their orders in hometown and receive penalty charges. Remember to cancel any subscriptions such as phone, internet, magazines, etc before you move abroad.

6. Do you have Adequate Life & Disability Insurance? 

One of the most overlooked parts of protecting you and your family’s financial future is making sure that you have adequate life and disability coverage. While your employer may provide some coverage, more often than not it will be inadequate to fully protect you and your family members from the financial hardships associated with a death or disability. Many expats employers only provide medical coverage and expats are expected to obtain their own life insurance or disability income cover. However, when you are living abroad you may not qualify for local coverage and such life cover may not be desirable or even available in your new home country. Also, expats needs something both global and portable. Note that most expat life and disability plans are not portable back to your country of citizenship and if you have existing coverage, its probably a great idea to see if you can retain the policies as expat plans are usually more expensive.

To learn more about your expat life and disability requirements & the policies available, contact our firm for more information.

6. The Importance of Obtaining International Health Insurance

To many expats living and working abroad, the local healthcare system is usually not the best choice. The cost of using private medical care is usually very high in many parts of the world or you may be living in a country where medical care is inadequate and you may need to see medical care regionally or globally – sometime you may have to be evacuated. Either way, a large medical bill can wipe out your investments and put your financial future in peril.

With an appropriate international medical plan in place, many individual expats and their families are covered worldwide (except in the USA unless you add it as optional benefit). International health insurance plan provides day-patient care and full hospital coverage, extensive cancer coverage, maternity and baby care (conditions may apply), dental & vision care and international medical evacuation and repatriation. This is especially important for expats going to visit rural area in some less developed countries.

Expat Financial offers independent advice, solutions and ongoing service and support to clients around much of the world and we have extensive experience in sourcing medical cover for individual expats and expat employers worldwide. We can source plans from large and secure global insurance companies with excellent global service and support. 

If you have questions about international medical insurance plans we offer to individual expats or your company requires a global expatriate group insurance plan, please contact us or complete the quote form. We look forward to hearing from you soon. 

Is your company employing American expats?

Is Your Company Aware of the Risks for American Expats?

Is your organization or multinational company employing American expats? Are you aware that most American expatriates will want to seek medical treatment in the USA if possible, especially for serious conditions? If so, are you aware of the significant costs associated with medical care in the USA?

We have sources some excellent risk prediction guidelines for expatriate claims in the USA or for American expats who more often than not wish to obtain medical care back in their home country. These medical costs can easily run into the hundreds of thousands of dollars and if not covered, more often than not the employer will have to cover.

Our firm is extremely experienced in sourcing global medical coverage for firms that employ American expatriates and also covering their dependents who are located with the overseas employee or residing back in the USA – otherwise known as trailing dependents. Unfortunately, we often see extremely inadequate medical plans provided for American employees that will often restrict medical care in the States or not cover the USA at all. Even worse, some expat employers will have group insurance plans that don’t cover pre-existing medical conditions for these American expats.

international health insurance for chronic conditions

Annual Medical Costs in the USA

Our firm has gathered a detailed “Risk Prediction Guideline for Expat Claims in the USA” that we are able to share to corporate clients that employ expatriates in the USA or have American expat employees working overseas. Note that the costs can vary widely depending on the state, city, medical provider and of course the nature and severity of the claim. Here are some sample annual medical costs from the report:

Rheumatoid Arthritis: $40,000 to $60,000

Bone Cancer:  $100,000 to $250,000

Lymphoma: $80,000 to $150,000

Diabetes: $30,000 to $40,000

Valve Replacement: $60,000 or more

Transplants: Over $200,000 in most circumstances

Back Disorders: Over $50,000

Complicated Pregnancy & Birth: Easily over $500,000

So, as you can see from the sample medical costs in US dollars, the annual medical treatment costs in the United States can often run in the hundreds of thousands and for many clients one claim can easily exceed the entire medical premium that they would be paying for a group of American expatriates. Many expats or their family members will often suffer from one of these conditions or may in the future. Many expat employers are not aware of the fine print on their global medical coverage are are being served by domestic focused brokers with limited or no understanding of expatriate medical coverage.

Next Step for Expat Employers

Thus, it makes sense to cover these risks with a global benefit plan that will provide superior coverage for your entire expat population, especially American expats or foreign employees located in the USA. To learn more, contact our firm to discuss your global expatriate insurance needs as it pays to work with a specialist firm. You can also visit our corporate expat insurance page for additional details. If our firm is engaged as your expat insurance broker, we would be pleased to share our valuable risk report.

2017 Travel Destinations: Best of China for Expats & Visitors

Why international health insurance is critical in Beijing for expats

Beijing is the capital of China and is located in the northern China. It is a city that is well known for its cultural heritage sites such as the Forbidden City, Temple of Heaven, Summer Palace, Ming Tombs and of course the Great Wall. Besides being the economic center in China, this fascinating city is home to many multinationals from abroad and local Chinese companies headquarters. Many firms are willing to bring in new expats from abroad with western education and experience. In this article, we will discuss healthcare in Beijing, why international health insurance is critical for expats and expatriate group insurance plans for international employers if wishing to open a market in Beijing.

Healthcare in Beijing

Generally speaking, the standard of healthcare system in Beijing is higher than in most cities within China. Since Beijing is the capital city of China with a large population, many well-known doctors and medical experts reside there. Many patients travel to Beijing just to see a well-known doctor in one of the many hospitals that are located there. Public hospitals in Beijing are not only serving local residents, but also patients come from all over the places in China. As a result, most public hospitals in Beijing are often overcrowded, with long waiting period and long line-ups. One should also note that the air pollution is a significant concern for both locals and expatriates in China. The health impacts of that pollution will impact the health of expatriates in Beijing and having medical coverage and preventative healthcare is critical.

Private hospitals and clinics are also available in Beijing. These private medical facilities usually have English speaking doctors and medical staff. Some of them are even expatriates from western countries. High end private international clinics such as Beijing United Family Hospital are one of the options for many foreigners. Such private medical firms are able to provide faster medical appointments and urgent medical treatment. Many private international clinics offer direct billing with global insurance companies, which is very convenient for expatriates living and working in Beijing. Therefore, most expats in Beijing would want to choose the city’s private medical centers.

The High Cost of Medical Care in Beijing & the Rest of China

Like most of China, private health treatment has become extremely expensive in Beijing, even rivaling the United States. Even at public hospitals with special foreign or VIP departments, medical costs are rising, according to recent reports. For example, an uncomplicated birthing procedure at private international clinics Beijing United Family Hospital costs between over $13,000 USD. The cost of one standard private hospital room can be thousands US dollar per night. In case of medical emergency, the costs are estimated to double or triple. Without an appropriate medical coverage plan, expatriates could end up with paying tens of thousands of US dollars or even more.

expat healthcare if critical

Why International Health Insurance Is Critical For Expats In Beijing? 

Many expats working in Beijing may qualify for the local public health insurance system. However, the public health insurance plans does not meet most expat needs, especially if you want to get treated at a private facility or outside of China. As noted above, medical treatment fees in Beijing are relatively high and expats may find that they still need to pay a certain amount of co-payment when go to public hospitals.

For expats who prefer private hospitals and clinics, it is critical to obtain an international health insurance plan. A typical international health insurance plan will provide coverage options such as hospital coverageoutpatient treatment, medical emergency evacuation, routine health check-ups, dental & vision care and US coverage options. It will help you maintain your health and avoid financial risks while working and living in Beijing. It is also very important to have an international health insurance plan that provides international emergency evacuation and repatriation coverage. 

International Group Insurance Plans For Expatriate Employees in Beijing

While we can source individual medical plans for expats in Beijing and the rest of China, Expatriate group insurance plans are critical for international employers who wish to open an office in Beijing or already have expat employees there. An international group insurance plan for expats in Asia will usually include life insurance, health insurance, dental, evacuation and disability insurance to expatriate employees and even some key local nationals. It will not only protect expatriate employees in Beijing, but also will protect employer’s business as providing medical coverage is a key fiduciary responsibility. The international expat group insurance plans can be tailored to meet the needs of your employees working in Beijing so that your business objectives can be achieved. It is critical that that a global benefit plan cover pre-existing medical conditions and provide easy access and direct payment to the hospitals in the city and the rest of China. 

Get Insurance From Expat Financial for Beijing Expats

Expat Financial offers independent advice, solutions and ongoing service and support to clients around much of the world and we have extensive experience in sourcing medical cover for individual expats and expat employers in Beijing and the rest of China. We can source plans from large and secure global insurance companies with excellent global service and support. Our firm can offer a wide array of individual expat health insurance plans for expats China and even Chinese expatriates living overseas. If you have questions about our international medical insurance plans and expatriates group insurance plans or you want to discuss your needs and produce a customized quote, please contact us or complete the quote form. We look forward to hearing from you soon. 

Expat Health Insurance in China

The health insurance industry in China has been developing rapidly over the past twenty years. The national standard of living and the health care facilities have also been significantly improved. Due to its economic and social reforms, urban areas in China have experienced higher living standards and the population of expatriates in China also kept up with the changes.

Healthcare Today in China

The healthcare system in China heavily dependent on the location and resources. In urban areas such as Guangzhou, Beijing and Shanghai, hospitals and medical facilities have high-end equipment. Whereas in rural areas and villages, healthcare centres only have the very basic equipment and facilities. Facing with the challenges of insufficient medical resources, China has been implementing healthcare reform in the past ten years including infrastructure development and new investment. These medical reforms will significantly improve the operation in hospitals, healthcare insurance, and encourage new investment opportunities within healthcare sector.

Public Hospitals and Private Clinics

Most hospitals in China in are Mandarin based. Only a few of them at major cities might have English language services. Public hospitals in cities such as Beijing, Guangzhou and Shanghai are able to provide comprehensive health services, including medical education and regional research. Some of them have specialist health services and scientific research. However, these types of public hospitals are all very busy and crowded. This is because they don’t take appointments in advance. Expats who want to receive treatment from public hospitals in China must wait in line, register and pay the registration fee each time at the reception desk. Further more, most public hospitals in China will not accept expat medical insurance. This way, you will have to deposit medical cost prior to receive any treatment and reimburse from your insurance company later.

Therefore, due to the inconsistency and inconvenience, public hospitals are not generally used by expats. Another option could be joint venture medical facilities and private clinics. These joint venture hospitals can be foreign-run in China. They usually have the standard up to date with Western style, and medical staff are usually have received international training. Language won’t be an issue. However, medical treatment in these hospitals can be very expensive and not cheaper than hospitals in US or Western Europe. Fortunately the international and private clinics are more likely to accept expat health insurance from abroad. Therefore, it is very important for you to make sure that you are covered by expat health insurance.

A female nurse is at work at the hospital. She is wearing her scrubs and is smiling while looking at the camera.

Health Claim Costs are Increasing in China 

It has been reported by our clients in China and global medical insurers operating there that the medical costs of China have been increasing rapidly. The dramatic increase in wealthy individuals in China who prefer to obtain private medical treatment has meant that health costs for expatriates has also increased at a rapid pace. It really a matter of supply and demand and health claims for the insurers with expats in China will continue to increase.

Why Expat Health Insurance Is A Must? 

If you plan to stay in China to work and live for some time, it is strongly suggested that you should obtain quality expat health insurance before departure. Though China is implementing healthcare reforms these years, medical facilities in many areas are very basic. Even in many major cities that satisfactory healthcare in public hospitals for expats are available, the method of payment and the quality of medical treatment may be inadequate. For the popular choice of foreign-run hospitals, expats are usually required to make payment in advance before receiving medical treatment. It can be very expensive for emergency treatment and medications in most of the international hospitals.

With a comprehensive expat health insurance plan, you are covered for medical expenses, hospitalization and treatments, medicines and emergency evacuations – which are all you need to stay in China. If you are going for a short visit to China, then most people will purchase travel medical insurance for up to one year. Some Chinese embassies require proof of health insurance before issuing visas especially if you are a foreign student. If you are planning to reside in China, it is critical that you purchase international health insurance plan that will not only cover you in China, but globally as well.

Expat Financial offers several different international health insurance plans for expatriates of any nationality across the world. We also offer excellent service before and after you purchase your international health insurance plan. Our firm is also very experienced in sourcing group plans for multinational firms with expats in China.  If you have questions about our international medical insurance plans or you want to discuss your needs and produce a customized quote, please contact us or complete the quote form

 

Missionary Insurance Solutions

You are about to start a mission trip, what kind of insurance coverage do you need? You might have local healthcare plan in your home country. However, local medical plans do not travel with you when you are on the road or across the ocean. Therefore, most missionary organizations or groups provide or require Group International Missionary Health Insurance for their missionary staff. If you are travel alone on a short-term or long -term mission trip, then you are required to have Individual International Missionary Health Insurance.

Coverage for Dangerous Destinations 

Missionaries should not only looking for overseas medical insurance, but also emergency evacuation, trip cancellation, political evacuation and other benefits. Depending on where you are going, you may also want to specifically look for war, terrorism, kidnap and ransom insurance coverage.

Get Insurance From Expat Financial 

As international insurance specialists, we can help you define your missionary group’s global risk requirements. TFG Global offers independent advice, solutions and ongoing service and support to clients around much of the world. We source plans from large and secure global insurance companies. Our firm can offer a wide array of insurance plans including: International Life Insurance, Personal Accident Coverage, War and Terrorism CoverageExpat Disability Insurance, International Health Insurance, Kidnap & Ransom Insurance, Travel Medical Insurance, Evacuation Coverage. For more information, please view our Missionary Insurance Brochure.

Contact Expat Financial today if your mission group has gone global. Such plans have options for life, AD&D and dental insurance. We are a key resource for international missionary insurance plansContact us today to discuss your mission group’s needs and obtain quotes from the market.