Expatriates who are moving overseas will often opt into purchasing a local health plan from the government or a private insurer. Some countries, regardless of your own coverage, may require you to purchase the local coverage care. And it can be inadequate for your needs. Most local plans will be inexpensive and some can potentially be quite good.
If you are going abroad for a year, it is highly likely that you will be giving up your domestic health coverage, which may not cover you abroad. Thus it is important to obtain a global health policy that will cover you and your family while living and travelling abroad AND also back home.
You have the option to purchase an emergency travel medical insurance plan, which would be less expensive, but it will only cover emergencies and only while abroad – you will want to keep your domestic cover in place. Travel medical insurance plans are often best suited for short and medium term trips abroad.
A comprehensive global health insurance policy would generally be your best option. You can often choose from basic to comprehensive plans with small or large deductibles. Most plans offer you customisable options, beginning at basic hospital coverage with the option to add options as you need:
Note that when you obtain a quote, you will need to tell the insurer what the main country of residence will be – meaning where you plan to spend the majority of your time as the rates are determined by where you will be living. Most plans are able to be quoted and purchase online to facilitate the process.
At Expat Financial, we can help facilitate the process, as well as answer any questions along the way that may arise. We specialise in obtaining international health insurance, life, travel and disability insurance for individuals, as well as dependent family members while living abroad. We are a leading source of international health insurance plans with best global health insurance coverage from various insurers that offer the best international health insurance.
It has been recently reported that the Thai government is in the process of mandating mandatory medical health insurance for expatriates living in Thailand. The requirement is targeted for expatriates that are living in Thailand on a one-year non-immigrant visa, with an emphasis on those living in Thailand over the age of 60—many of whom choose to retire in Thailand for its welcoming culture and affordability.
The opportunity to live a life as a global citizen is one that is appealing to many people. It involves a life of adventure and new experiences. If deciding to become a global citizen, it is important to understand what it takes to successfully take on the opportunity in which you are given and facilitate the transition period. Let’s dive into what it means to be a global citizen.
There are numerous reasons for someone to relocate to a new country and become an expatriate. It can be an inbound decision of wanting a new life of adventure or job relocation. Regardless of the reason, there is an abundant amount of benefits for making a move. The term expatriate is often misinterpreted. In this article, we will help you understand what it means to be an expatriate. We will also explore how to prepare for your new life. Here are the fundamentals of becoming an expatriate.
Financial planning is often considered confusing, frustrating and time-consuming, especially for expatriates who are busy enough living and working abroad. However, don’t let it frighten you off. Financial planning aims to help take control of your life and budget, and achieve your financial goals. This is very important for expats living and working overseas. In order to have a clear picture of what you want, it is recommended that you create a simple financial checklist before moving abroad.
Moving to a brand-new country is never easy. Learning a new language can take years. And moving to a brand-new country while attempting to learn a new language can be downright daunting.
For an expat in a non-English speaking country, the question simply becomes: how can I learn the local language fast? While there is no magic pill to learn a new language overnight, there are ways to pick up a language quickly. While this task of learning a foreign language may seem huge, there are ways to make your life a bit smoother – here are five tips to learning a new language, while living abroad:
So, you’ve decided to go abroad! Now what?
You’ve decided to take the leap and perhaps teach abroad for a couple of years, travel for a few months, or retire internationally… Whatever the reason, your big decision to travel abroad needs to be accompanied by this list of 4 essential (but easy) steps to follow before you go, to make your new journey as exciting as possible!
Moving overseas can be challenging for expat couples. However, if you are planning to have a baby and start a family abroad, you are adding a huge financial and emotional commitment to the complications. And in most countries, the expenses of labour and delivery for expats can be incredibly high. In this article, we will discuss the importance of maternity insurance coverage to minimize this financial risk with our top 5 tips for pregnant expats.
Retirement in Brazil As Brazil has become a very attractive expat destination for retirement, we have created a page on Retiring in Brazil – Advice for Expatriates. Brazil has beautiful beaches, lush jungles and vibrant cities attracting travellers and expat retirees from all over the world. As the largest country in South America, Brazil has a very […]
