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Why is expat health insurance so important?

Many expats traveling worldwide do not realize that the cost of medical treatment overseas can be extremely expensive. Expat health insurance is a great solution not only to protect you and your family’s well being but also to avoid an impact on your finances. In this article, we will discuss why expat health insurance is important and how to acquire proper coverage.

Global Multiple Countries Coverage

Many international health insurance plans can cover expats in multiple countries. And the plans usually have many benefits and offer customization that can influence the premium you pay. This is very important for travelers and expatriates living and working overseas. As a foreign national, you and your family members are generally not covered for medical treatment abroad. No matter where you are, or you wish to travel elsewhere for medical treatment, most global medical plans will offer medical coverage all over the world either including or excluding the USA.

Financial Security 

In most of the countries around the world, expats are required to prepay the cost before receiving medical treatment, and some of the medical procedures can be extremely costly. With an adequate expat international health insurance plan, you will be protected from any short and long-term medical expenses including emergency evacuation and repatriation. It will help you avoid the financial risk of uninsured medical costs while living and working overseas. Besides, most of the insurance providers have developed trustworthy medical network centres and medical staff worldwide. This will be able to keep pace with you and your family as your medical needs change. If you wish to be able to seek medical treatment in the United States, you should get the USA coverage option, but this will increase your premium.

Flexible Plan Design

International health insurance is usually easy to adjust to challenges with a variety of individual and family health insurance needs such as life insurance, disability, and more. If you are an employer sending your employee overseas, an international group health benefits plan and insurance solutions will help retain talented employees. Please also read our blog post “The Benefits Of An International Group Insurance Plan.” 

Aid Workers, Missionaries and NGO Organizations

Whether you are traveling overseas for a short missionary assignment, volunteer position or a long-term aid worker assignment, it is vital that you obtain a global travel insurance or expat health plan that will adequately cover your stay overseas.

How To Acquire International Health Insurance 

Expat Financial offers several international health insurance plans for expatriates across much of the world. Our insurers will help provide you with peace of mind during your stay overseas. We are also able to source international health insurance for Non-Governmental Organizations around the world sending aid workers overseas.  The insurance companies that we work with also offer excellent service before and after you purchase your international health insurance plan – our firm can also assist as your independent advocate. If you have special questions about our international medical insurance plans or if you want to discuss your needs and produce a customized quote, please contact us or complete the quote form. The Cigna Global Health Options plan is our most popular international health plan for expatriates.

Five Advantages of International Health Insurance for Expats

Five Advantages of International Health Insurance for Expats

Moving abroad can be an exciting and life-changing event. However, expatriates working and living abroad may face diverse healthcare needs. In order to access the desired healthcare facilities and services, it is critical to obtain an international health insurance plan. In this article, we will explore five advantages of an international health insurance policy if you are an expatriate planning to live, work or retire abroad or are already an expat.

  • You Have Freedom to Choose Your Doctor Internationally 

An international health insurance plan provides an extensive medical care network. Therefore, you have the freedom to choose healthcare professionals and facilities globally. This is very helpful when your destination healthcare facilities do not meet your medical requirements, or your family members need certain medical specialists. Note that some plans will restrict you to receiving medical coverage in a particular region or offer global coverage. Most plans will offer you the ability to add treatment in the USA.

  • Avoid Long Lineups 

In most countries around the world, many public hospitals and clinics are often overcrowded, with long lineups and extended waiting periods. However, private medical facilities are often able to provide faster medical appointments and surgeries. With an international insurance plan, expatriates can use private medical facilities through a medical network and avoid long lineups.

  • No Language Barrier

One of the most challenging issues that expats might experience while abroad is the language barrier. Sometimes expats can’t access the local healthcare system because they don’t speak the language. For example, in China, though some public hospitals have opened international medical departments to serve expats, these healthcare facilities are only available in major cities. If expats are residing in smaller commercial centres or visiting some rural area, then they may fail to access the medical assistance they need. Note that private hospitals in China are very expensive, so make sure you have adequate coverage.

With an international insurance plan, you can be connected to local private medical facilities with English speaking medical staff and doctors. They often provide a higher quality of care and better service than public facilities. Most of them have also received Western training. Additionally, an international insurance provider such as Cigna can provide language assistance and interpretation service at no cost to you. This is very helpful for expats with an international background during every step in seeking medical assistance.

  • You are Often Covered Wherever You Go

Many expatriates may already be covered by their local medical plan; however, most local plans are not designed for expats. An international health insurance plan can provide complete coverage for you and your family around the world. This is very important for expats who often travel from one country to another. Obtaining an appropriate global medical insurance plan will not only protect you and your family from health risks but will also provide you with peace of mind. Note that expat health plans are not generally portable back to your country of citizenship or to some countries where local regulations don’t allow the insurer to maintain your coverage.

  • Avoid Financial Risks

As reported in the news, research, and surveys, the cost of medical care is increasing globally, especially emergency care. An international health insurance plan will help you avoid financial risks while living and working overseas. Most plans will provide hospital coverage, routine medical checkups, prescriptions, etc. You can also add dental, vision and wellness care. Expats should make sure that the insurance plan has medical evacuation and repatriation coverage. In some severe situations, evacuation is required to receive urgent medical care.

Obtain International Health Insurance from Expat Financial  

Whether you are living or working abroad, or planning to, Expat Financial is your trustworthy companion with proven expertise in financial and insurance services area. As a division of TFG Global Insurance Solutions Ltd, we have extensive experience in working with individual and group expats to assess their global insurance needs. Expat Financial offers several different international health insurance plans for expatriates across much of the world. We also provide excellent service before and after you purchase your international health insurance plan. If you have any particular questions regarding expat health insurance, please contact us or complete the quote form.

 

 

7 Reasons to become an expat in Vietnam

Vietnam is the eighth most populous Asian country and is located in Southeast Asia, bordering China, Cambodia, and Laos. Tourism in Vietnam is a significant component of its vibrant economy. According to reports, the number of international visitors has increased from 7 million to 10 million in 2016. Moreover, tourist arrivals in Vietnam have continued to rise in 2017. For expats, Vietnam has become a popular expat destination in Asia. In this article, we will discuss top 7 reasons to become an expat in Vietnam.

Attractive Natural and Cultural Experiences

Vietnam has several UNESCO World Heritage Sites such as Central Sector of the Imperial Citadel of Thang Long – Hanoi, Citadel of the Ho Dynasty, Complex of Hue Monuments, as well as natural sites such as Ha Long Bay. There are many beautiful cultural and historical heritage sites to enrich your expat experience in Vietnam. You can start a day by visiting the ancient civilizations in Hoi An, enjoy a leisurely bike ride through the region, and explore the night market to try local delicacies.

Lower Cost of Living 

According to Numbeo, the cost of living in Vietnam is about 43% lower than in Canada. A three-course meal for two people at a mid-range restaurant would cost $17.61. A bottle of imported beer costs $1.32. Groceries are generally much less expensive than those in North America. Though prices vary amongst different cities, the average rent fee in Vietnam is almost 50% cheaper than in North America, according to Numbeo. For expatriates coming from a Western country, they will be pleased to discover that the cost of living in Vietnam of great value.

Friendly Expat Community in Vietnam 

Many expatriates are working and living in Vietnam. You can either reside in a typical expat neighborhood or choose to immerse yourself in Vietnamese culture. For expatriates relocating with family and children, there are great areas that will cater to your requirements along with some excellent foreign schools. It would be a great idea to connect and become friends with the expat community and to join a local sports team.

Teaching English in Vietnam 

Education is very important in Vietnamese culture and expats can find many ESL teaching opportunities in Vietnam. The government of Vietnam implemented a National Foreign languages Project, aiming for most of Vietnam’s students to be using English confidently for work and study by 2020. There are numerous international schools, state-owned universities, privately owned education institutions, and language centers. Many of these schools are looking for hiring the qualified ESL teachers who come from overseas.

Friendly People 

Like many other countries in Asia, everywhere you go, residents in Vietnam are friendly to foreign visitors. The Vietnamese culture is easy-going and hospitable. Most expats will find that the traditional culture and hospitality are quite welcoming.

Vietnam Cuisine 

The Vietnamese diet is quite attractive to expats living there and is also quite varied. Often, food will include influences from Chinese and Indian and French cuisine. Everyday Vietnamese dishes include fish sauce, lemongrass, fresh herbs, shrimp paste, and mint. Traditional Vietnamese cooking is mostly using fresh ingredients, such as the use of fresh lime instead of vinegar. One of the most classic Vietnamese dishes is the well-known pho. It is a rice noodle soup with either beef or chicken, served with Vietnamese lime, bean sprouts, mint and fresh chilies.

Convenient Travel from Vietnam

Another benefit of relocating to Vietnam is that you can have easy and inexpensive access to other Asian countries. Starting in Ho Chi Min, you can plan your travel itinerary as VietnamLaosCambodiaThailandChina. Generally speaking, Vietnam serves as a gateway to Southeast Asia and other Asian countries such as Japan. There are also excellent beaches and tourist opportunities for expats in Vietnam.

Don’t Forget to Bring your International Health Insurance 

The government of Vietnam is working to develop a universal health care system for its citizens. Although the standard of medical care is considered satisfactory in major cities, in rural areas it is still insufficient and not readily available. The standard of care in private hospitals in Vietnam is usually quite strong, and most private clinics have doctors from the US, Japan, and Europe. The cost of private medical care can vary considerably.

At present, most expats will usually opt to use private hospitals as these are usually equipped with English-speaking medical staff. Expats should ensure that they obtain international health insurance before moving to Vietnam. Many expats may want to seek medical treatment in Bangkok or Singapore for specialist care and medical emergencies.

For expat health insurance in Vietnam, it is crucial that you obtain a plan that will provide reimbursement for medical expenses through an extensive network of hospitals. Many expats should also obtain global life and disability insurance coverage while residing in Vietnam. If you require a quote for insurance coverage in Vietnam, contact Expat Financial today for a quote and to discuss your Vietnamese expatriate insurance requirements.