Frequently Asked Questions from Expatriates on International Health Insurance
We are often asked questions from potential and current clients from around the world who are moving abroad or are already living overseas. We have tried to compile as many questions and answers as possible for future and current expatriates who require a global medical insurance plan. It is vital that you obtain a global medical insurance plan if you are moving abroad as an unfunded medical claim can be quite ruinous. A global medical insurance plan is also vital for you and your family’s health and well being. Please click on our list of global medical insurance FAQs for detailed answers today.
Global Medical Insurance FAQs
What Does Global Health Insurance Cover?
What is coinsurance? A: Coinsurance is the percentage that you pay after the deductible has been satisfied in a given policy year. An example of this would be where you pay 10% of a claim to a pre-set maximum. Co-insurance means you are taking on some of the risks and thereby reducing your premiums.
What is wellness coverage for expats? A: Yes, most global health plans that we offer from large and secure global medical companies will provide an option to cover wellness-related expenses, such as check-ups, pap smears and much more.
Should I Get Travel Insurance or Global Medical Insurance? A: Generally, if you are losing your health coverage back home and you are travelling for a year or more, you should get a global health insurance policy.
Do Your Company offer Group Plans? A: Yes we do offer group expatriate medical plans to companies with 2 or more expatriate employees in most circumstances depending on a range of factors, such as company overall size and the domicile of the policy and general availability of the coverage from the numerous suppliers we work with. If we can’t assist, we have access to a large network of brokers that we work jointly with. Expat Financial, a division of TFG Global, is a leading source for expatriate employers! Contact us to discuss your organization’s requirements.
Do you have a List of Hospitals for Expatriates? A: Once you become a client of one of the insurers we work with, you will gain access to their large list of in-network providers around the world. But we have also put together a list of international hospitals by region.
Does it cost me more to buy through Expat Financial? A: No – you are charged the same rates for international insurance if you purchase via our site and firm. Coverage is also the same and premiums are payable directly to the insurance provider you choose. Day to day communications and claims etc… are direct with the insurer. You do get our added service, advice and advocacy both before and after your purchase online or offline.
Are Your International Health Insurance Plans Renewable? A: Yes, all the global medical plans we offer are renewable without medical evidence. Most plans are not renewable if you move back to your home country and live there for more than 6 months. It makes sense to examine the plan terms before you apply online or contact us to discuss your requirements. Learn more.
How are global medical insurance premiums paid? A: Most providers allow expatriates to pay annually, monthly, quarterly or semi-annually. By paying annually, you can save 5 to 10% on your premiums over paying monthly.
How long before moving abroad can I purchase global medical coverage? A: Generally, you can apply up to 30 or 45 days before you move abroad.
We hope that the above questions and answers are helpful to you if you are an expat in need of a global medical plan to secure your future life abroad. The above questions and answers are also helpful for global mobility managers who require international coverage for their expatriate employees. Please contact us to learn more.