With more and more companies are sending expatriate employees overseas and individuals becoming digital nomads or simply retiring abroad, there is a bigger need for comprehensive insurance protection. If your employer does not offer an affordable international health insurance option and you do not qualify medical care, you can search for health insurance in the open market. In this article, we will discuss how to obtain an international health insurance quote online and considerations for evaluating health insurance plans.
Why Do I Need International Health Insurance While Working and Living Overseas?
Many expats may wonder why do they need international health insurance when living abroad. And some people may even have several misconceptions about healthcare. In fact, as a foreign national, you and your family will not most likely not covered by free healthcare in the country where you are residing. Given that the overall quality varies from country to country, you need to also consider hospital coverage, outpatient treatment, assistance and evacuation charges, as well as dental care, accidental death and invalidity or life cover. After all, the peace of mind of knowing that you and your family access to the best healthcare is very important. Therefore, you need to create a tailored expatriate health insurance that meets your unique requirements.
Some global citizens will rely upon the local health schemes because of the low cost, but that plan may not allow you to obtain medical treatment at more satisfactory private clinics and hospitals. Local plans will also not provide medical coverage while you are traveling out of the country or when you go back home. Also, local plans in many developed countries may only provide very basic medical coverage that may not be suitable for most expats.
An expatriate health insurance plan can let you select the hospital, doctor or another medical service provider that best suits your needs. Most expat health plans are flexible and can cover you and your global family worldwide. Expat Financial and its insurance partners have an extensive network of medical services providers in almost every country in the world. With most of our insurers, you will enjoy direct payment, which means that you may not have to advance your medical expenses first. It should be noted that company-based global benefit plans offer superior rates and coverage because the risk is spread widely over several expat employees.
How Do I Obtain An International Health Insurance Quote?
Expat Financial will allow you to request a quote online rather easily. Premiums are determined by several factors such as age, gender, citizenship, country of residence, deductible level, pre-existing medical conditions and more. The above factors will work to help the international health insurer determine your initial and even renewal premiums.
Contact Expat Financial today to review your expat health insurance needs or obtain a quote online as we have several different health plans which allow you obtain an online quote and even apply online. We can also source group plans for globally mobile employees that can even cover pre-existing medical conditions.
How Do I Evaluate Different International Health Insurance Plans?
International health insurance plans can vary greatly depending on your circumstances. But generally speaking, higher premiums usually come with lower deductibles & superior coverage. A standard international health insurance plan usually offers full hospital coverage for inpatient and day-patient care, extensive cancer coverage, etc. with options including dental & vision, international medical evacuation & repatriation, out-patient care and wellbeing.
Emergency medical evacuation is an important consideration if the country you are going to live in has sub-standard medical care. When living abroad, especially in a developed or third-world nation, medical evacuation is a necessity. The cost of providing air ambulance is considerable and extremely complex. The services of an experienced and capable evacuation carrier are invaluable for any expat assignment. Having evacuation coverage will provide the necessary coverage and peace of mind that is a requirement for almost all expatriate assignments.
Get Help From Expat Financial – A Division of TFG Global Insurance Solutions Ltd.
Expat Financial offers several different international health insurance plans for expatriates across much of the world. We also offer excellent service before and after you purchase your international group insurance plan. As a division of TFG Global Insurance Solutions Ltd, we are very experienced in sourcing group plans for multinational firms with expats in most area of the world. If you have questions about our international medical insurance plans for your ex-pat employees or you want to discuss your needs and produce a customized quote, please contact us or complete the quote form.