There are many things you will need to check on as you do your research into buying an international health insurance policy. One of the most frequently asked questions will always be, what does international health insurance coverage and what is it? We have developed beginners guide to International Health Insurance for future and current global citizens, expatriates, and global nomads.
Beginners Guide to International Health Insurance
There are many different aspects of an international health insurance plan and it is very important to check beforehand to see exactly what will be covered by your policy.
We understand that selecting the right expat health insurance coverage can be a tricky process as there are a lot of options in the market. There are also numerous insurance companies to choose from and each one will have many different health plans on offer.
In this article, we will take you through what is covered by international health insurance and also explain the decisions you will need to make as you are selecting your plan.
What is international health insurance?
International health insurance is for those who are living abroad for a prolonged period of time. It can be for individuals and also for individuals and their families.
International health insurance covers treatment for both emergency and routine healthcare. It is very helpful for expats living abroad as it can give you added protection and access to major healthcare facilities. When you are living in an unfamiliar country, this can be provided peace of mind for you and your loved ones.
Why is it important to have international health insurance?
The quality of healthcare systems can vary around the world. Some countries may have a lower standard of healthcare system than the one you were used to in your home country. For this reason, having expatriate health insurance plan can be especially worthwhile for you.
What types of healthcare treatment does international health insurance cover?
When you are going through the process of buying international health insurance, it is very important that you check to see exactly what is covered by your policy. Be sure to carefully read through the plan that you will be buying so that you are fully aware of what you will be covered for.
If you do not do so, you may be in a tricky position down the line. The good news is that your health insurance provider will share a full breakdown of what is included in your plan by providing you with the information in advance of your purchase.
You will always be provided with terms and conditions to show what exactly is covered by your plan. You may also receive a summary of your plan benefits.
Typically, your international health insurance plan will include:
• Access to emergency support
• Emergency evacuation support
• Prescription benefits
• Hospital treatment and stays
• Routine check-ups
• Potential coverage for pre-existing conditions
• Choice of medical providers
There are also extra benefits that you can add to your plan. These will vary depending on which health insurer you go with, but the benefits can often include:
These are just some of the additional benefits that can be added to your plan. It is recommended that you consider if any of these extra benefits will be beneficial for you. For expat employers, you can choose group global health insurance plan.
For some people, having these benefits can be extremely useful. For example, having a maternity plan may be very useful for those who are planning to start a family abroad.
What is a medical evacuation plan?
Medical evacuation, also known as repatriation cover, can be very useful for the policyholder and their dependents. It means that if the required medical treatment they need is not available locally, they can be transported to the nearest suitable medical facility.
Keep this in mind especially if you are living in a remote country. with limited medical facilities and expertise.
Why should I buy international health insurance?
One of the biggest benefits of having an international health insurance plan is having access to high-quality healthcare treatment, regardless of where you are living in the world. This is because you will receive access to the medical network of your health insurer.
This means that you will often be securing access to a high-quality level of healthcare. For example, at Cigna, customers can receive access to healthcare support in over 200 countries around the world.
Which health insurance plan should I purchase?
When you are selecting your cover, you start off by choosing your base cover. Both Allianz and Cigna offer three levels of plans for you to choose from. Each core plan will have a special annual benefit limit.
This is the maximum limit per beneficiary per period of cover. The greater limits will be used for the highest level of coverage.
You will need to select which geographical regions you need to be covered in. The options are usually either a worldwide policy including the USA or worldwide excluding the USA.
It is best to do your research in advance to find a plan that is most suitable for you. Remember to keep in mind what budget you have available so that you can plan ahead with your finances.
For more information about the cost of international health insurance, read our article here: how much does international health insurance cost?
Expat Financial is an international health insurance resource for global citizens. We offer prompt, courteous, and informed service while delivering complete health insurance solutions.
We strongly recommend that you download our free international health insurance guide for the definitive descriptions and tips for all things global health insurance related.
We seek to provide quality insurance to best serve our customers worldwide. Contact us to discuss your global health insurance needs.