Recent studies have shown that medical inflation trends continue to rise unabated for both individual and employee sponsored international health insurance plans. The average global annual inflation trend for medical costs may be 10% overall, but the percentage is higher in select countries such as the USA and Canada, where many expatriates are covered and may seek treatment. Companies such as Aetna Global and Cigna International often report medical inflation trends of 12 to 13%. This trend rate is also shared by many expat insurance providers.
Moving abroad to work and life can be a huge decision for both you and your family. A move abroad involves a lot of advance preparation and planning-such as where to live, transport, where to educate your children, getting help, language training etc… It can all be quite daunting, especially if you have never worked abroad or are receiving little help from your employer.
Why Expat Health Insurance is Essential for Expatriates
At Expat Financial, we like to give expatriates the tools and information to personalize their requirement for expatriate health insurance. Easy access to superior healthcare is a necessity for anyone living or working abroad. As you may know, in the developing world and even in some developed countries, the local medical institutions can be inadequate, costly or unattainable depending. Everyone experiences sickness and accidents in their lifetime and superb expatriate health insurance coverage is a critical step in one’s recovery and also maintaining one’s health.
David Tompkins, the President of TFG Global Insurance Solutions Ltd. which owns and operates Expat Financial, was interviewed by Douglas Goldstein on July 2012 on Arutz Sheva, the Israel National Radio business show Goldstein on Gelt. The interview has been recently been posted to Youtube and you can listen and even view the interview online by clicking HERE.
Check the Fine Print When Shopping for Expat Health Insurance
Comparing the different expatriate health insurance plans can be very time consuming and confusing. There are many different plans offered by a variety of expatriate insurance providers.
Many expatriates have the following questions: Do you have questions about purchasing international health insurance? Do you wonder why some plans seem the same in quality and price? Or why others have a much larger price and what the difference is? It’s easy to miss the finer details in the small print of some plans.
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Note: Some of the products and services described or advertised on this site may not be available to residents of certain jurisdictions, depending on regulatory constraints, including Canada and the U.S. Please contact TFG Global Insurance Solutions Ltd. for more information about your specific jurisdiction. If you or your company requires a policy that is billed to the USA, please contact us and we will refer you to a broker located in the USA. The policies we offer via TFG Global Insurance Solutions Ltd. or its related web sites are not available to citizens currently residing in the USA when taking out the policy.