Global Health Insurance Plan Considerations for Expats
One of the most important decisions you can make before or after moving abroad is securing global health insurance options for you and your family. Insurance can be confusing and filled with unfamiliar terms and fine print. Most plans in the market will provide a base level of coverage that will cover your medical expenses incurred in a hospital setting. This is called in-patient coverage. You are able to add optional out-patient care that will include medical care outside the hospital, such as doctors’ visits, scans, medication and paramedicals such as physiotherapy. You can then add wellness care, dental, vision, and evacuation. The majority of plans in the market will provide three levels of coverage to suit almost any budget and will cover you globally excluding the USA. Most American expats will want a plan that includes treatment in the USA. If you are an expat in the United States or in a nearby country where medical treatment is sub-standard, you will want to get the USA coverage option.
Other global health plan considerations are:
- How large is the medical network?
- What hospitals are in the insurer’s network?
- Does the plan cover pregnancy?
- Can the insurer cover my prior medical conditions?
- How large a deductible?
- Is the insurance provider secure and well regarded?
- Can the insurance broker assist me?
How Much Does Global Healthcare Cost?
The cost of you and your family’s global healthcare will depend of a host of factors that are the same for most insurance companies and providers. Here are the main ones:
- Your age
- Coverage options
- Your health
- Level of coverage you choose – usually silver, gold and platinum
- Where you are living
Obtaining International Private Medical Insurance Coverage (IPMI)
Expat Financial offers a variety of global health insurance policies online and offline. Our most popular global health policies can be quoted and purchased online. Contact us to learn more or get a quote online.