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International Health Insurance

Choosing between a local or global health insurance plan as an expat

Why you should purchase a global over a local health plan if you are an expatriate

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, even if inadequate for your needs. Most local plans will be inexpensive and some can potentially be quite good. However, if you are moving overseas there are five reasons why we recommend expats to purchase a global health policy:

Portability

As an expatriate living abroad, opting into a local health plan may limit your portability and your access to medical care in cases of relocation. If there is a possibility of you moving to a new destination, or if you are not consistently in one primary country, you will want to have access to a health care plan that provides you with the portability that you require. Another benefit of obtaining a global health insurance plan is that it may also include coverage for business travel and travelling for pleasure. Global health insurance plans are especially important for expat employers that employ mobile employees globally.

Moving Abroad

Local health plans may be deficient

Many expatriates find that local health care plans are not sufficient for their standards. One benefit that has proven to be important for expats is the ability to get medical care with a large network of hospitals and clinics. Many local plans will have a small network, in which you have to receive your care. Global health care plans tend to have a much larger network, as well as the ability to access medical care from outside network hospitals with approval from the insurer.

Local health facilities may be substandard and not up to western standards

The quality of medical care and facility capabilities vary greatly from one country to another, and in some countries, the standards of medical facilities may be much lower than those in Western countries. If you are an expat located in a second or third world country, the medical standards set in place may not be up to the standards in which you are accustomed to. Medical care that is not up to your usual standards may be passable for check-ups and basic care, but will not be adequate for any procedures that require a specialist or any form of intensive care. However, it is not only in third world countries that you will want to consider a global health plan. Even in developed countries, having a global health plan in place will help in a time of emergency, and explain how to deal with medical emergency coverage when times of need require it. It will also have the added benefit of providing you and your family with an accurate direction and alleviate panic at all times.

Health Insurance

Local plans won’t cover you for treatment outside of that country

The difficulty with local plans is that once you have left the country, your local plan may be cancelled out. While being an expat often encompasses a certain amount of international travel, you will want to ensure that you are covered upon leaving your main destination. Another difficulty that comes along with local health care coverage is if you do decide to relocate, there may be a lapse in coverage or necessary waiting periods for coverage between the two regions. This may become detrimental in your protection if you are travelling in high-risk zones.

You may need or want to seek treatment back home or regionally

Although local health plans may be tempting for expatriates, local health plans are not designed for expats, but in reality, are designed for local natives. If you are wanting to obtain medical coverage back in your home country, you will no longer be covered under your local health care plan. You may also require medical evacuation coverage in cases that local hospitals are not able to treat you adequately. Evacuation coverage is a crucial feature of any expatriate insurance plan.

Health Treatment

Expats are often portable, so it is vital that you have a global health policy that will cover you if you move from one country to another. It is important to note that most expat health providers are not able to renew their coverage should you move back to your home country or spend more than 6 months in your country of citizenship. It is important that you check your requirements and fine print when you apply online for a global health plan.

Expat Financial offers a variety of international insurance health insurance plans on a group or individual basis. To maximize your expat experience and avoid unforeseen risks and costs, please contact us today to discuss your international insurance needs and requirements. Toll-free number: 1-800-232-9415 or email info@tfgglobal.com

Global Insurance

What is the best health insurance for a family during long-term international travel?

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.

Global Health Insurance

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:

  1. Out-patient care – covering expenses that you may procure outside if a hospital, such as prevention, diagnosis, and rehabilitation.
  2. Wellness – such as seeing a medical doctor for a basic checkup as well as counselling
  3. Medical Evacuation – In case you are unable to be treated locally, medical evacuation is an important option to relocate you to a hospital that has the proper facilities.
  4. Dental and Vision – coverage for basic check-ups with a dentist and optometrist
  5. Coverage for the USA – this is a very important add-on if you are an American expat or reside close to the USA and are required to obtain medical care in the United-States.

global medical

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 insurancelifetravel 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 global health insurance coverage from various insurers that offer the best in international health insurance.

Thailand Temple

Thailand to mandate health insurance for expats

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.

Over the past years, it has become increasingly difficult for those living in Thailand over the age of 60 to procure health insurance. There are very few local insurance companies that will cover those in this older demographic, and those few companies that will cover those 60 years and older are demonstrating predominantly expensive premium rates. There are even some foreign plans that will place limits on your global health coverage after age 65 or terminate coverage at age 70. The best plan for older expats that our firm has found is the Cigna Global Health Options plan we offer online to expatriates of any age – expats even in their 80s and 90s can get a quote online.

The proposed Thai legislation will require expatriates to be covered for the minimum amount of 400,000 ฿ (~ $12,570 USD) of in-patient coverage, and 40,000 ฿ (~ $1,270 USD) for out-patient care. Expatriates that are currently living overseas and meet the minimum required amount of coverage will be exempt from obtaining these Thai insurance policies.

These mandates have been derived with several government bodies in Thailand’s government. The process for finalizing these policies are currently in the stages of cabinet approval and is designed to aid and ensure the health protection for long-stay visa holders currently, or soon to be living in Thailand. It is important that expats monitor developments on this policy and make sure that they have adequate health coverage that will meet or exceed the requirements.

Thailand is a beautiful country and a very popular destination for expatriates from around the world. Medical care can be quite expensive and it is vital that you obtain a comprehensive global health policy for Thailand that will cover you both locally, regionally and globally. This is because you may move to another country or region and you don’t want to re-apply for medical coverage, especially if you develop a pre-existing or chronic condition.

Make sure you are fully prepared and covered before making your move abroad. At Expat financial, we can offer plans designed for your specific needs while living in Thailand that will exceed the requirements set up by most local governments at excellent prices and form large and respected providers. Click here to receive a quote, or contact us at info@tfgglobal.com

Challenges faced by expats

Top 12 safety tips while overseas

Nothing is bound to ruin a holiday more than feeling unsafe or running into scams and difficulties. When travelling to other countries, it’s important to always keep international travel safety in mind. Travel risk is unavoidable, but we have created a list of 12 tips that will increase your safety so that you can enjoy your holiday!

1. Get your vaccines before leaving

An unexpected illness can truly ruin a holiday. Make sure to be fully up to date on all your vaccines and double check all the recommended vaccines for your travel destination. Most countries will have a categorized list of all the recommended vaccines for international travellers, and where you can go to get your vaccinations.

2. Use cash when possible

In order to avoid high credit card and debit card fees, we recommend using cash whenever possible. It is also highly recommended that you separate your important cards in case of theft. Have backups if possible, as well as an emergency cash flow just in case. It is important to separate cash, cards and identification cards for any potential problems. Of course, it is also important not to carry too much cash with you and not flash cash when paying your bill in order to avoid becoming a victim of crime.

Medical Expense

3. Have an international phone plan

In case of emergencies, you will want to have access to a phone that has the ability to call internationally. Whether you need to call your family back home or your insurance provider, you won’t want to be stuck trying to find a phone with international capabilities in times of emergencies.

4. Research cultural norms

When travelling internationally, especially to culturally diverse regions, it is crucial that you do your research on cultural norms and how the local population behave on the day-to-day. It can be dangerous to be in a situation that is culturally acceptable in your home region, and unaccepted in the region you are visiting. Local natives can find offence to certain behaviours, and it is recommended that you behave in culturally appropriate behaviour for your protection.

5. Tell your bank before leaving

The last thing you need while travelling internationally is to have your cards cancelled or put on hold while away. In order to avoid any situation where this could happen is to notify your bank before leaving. Many banks don’t require notification now, but we recommend always placing a note with your bank for your accounts to avoid any potential of the card holds.

6. Travel in Numbers

Travelling in numbers is highly recommended when travelling internationally. A large group of people is much less of a target for potential danger than comparison to someone travelling alone. Another important note while travelling is to project situational awareness. If you are in a foreign land, it is very important to project, to the best of your ability, situational awareness. If you are in an environment with confidence, you are much less likely to attract potential scammers.

Travelling

7. Know your destinations food & water safety

Many regions while travelling internationally will have different food and water restrictions then you have in your home town. If you are travelling internationally, it is very important to research the food and water safety warnings that are in place for those destinations. This will allow you to avoid any potential foods and water derived illnesses in order for you to enjoy your trip!

8. Have electronic copies

Although we recommend printing all your necessary travel documents for your travels, it is also highly recommended that you have access to electronic copies of all your important travel documents – including hotel + flight bookings, passport photos, and insurance policy numbers. This is a preventative precaution in case you lose any of your paper copy documents.

9. Have embassy/consulate contact information

In times of emergency, such as losing a passport, it will be very helpful to have your embassy and consulate contact information and address for where you are travelling. Most major cities will have a list of all the international embassies that are located within the city for your convenience. If your country doesn’t have a local embassy, it will be important to have the contact information for the nearest one, as well as contact information for your embassy back home.

Embassy

10. Give your family & friends an itinerary

Whether you are travelling alone or with friends, it is recommended that you have your family and friends back home know your general location and plans while away.

11. Leave expensive jewellery at home

Although having your jewellery with you may seem appealing, we recommend leaving your expensive and valuable jewellery back home. Travellers displaying expensive jewellery are often targets for theft which can lead to very potentially dangerous situations. In order to stay on the safe side, it is better to simply leave it all at home.

12. Have proper travel insurance

While travelling internationally, most domestic health insurers will not cover you when you leave your country of citizenship, so travel insurance is a necessity. The potential of getting sick or injured while travelling is inevitable, and if you get injured or sick and you can’t get adequate medical treatment in the country or city you are visiting, it will be important to have access to emergency medical evacuation to another country or back to your country of residence. For the simple purpose of peace of mind, purchasing travel insurance is highly recommended in order to protect yourself. 

Expat Financial offers citizens travel insurance from a variety of insurance companies. Get a travel insurance quote and even purchase online. Get travel medical insurance and trip protection plans online via a secure server. Click here to receive an online quote. 

 

 

 

 

Expat Locations

Becoming a Global Citizen

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.

Health considerations

As many concerns arise about making the decision to become a global citizen, health considerations are likely to be at the top of your priorities before moving. Taking care of your health while living abroad will be one of the most important and crucial steps to ensure a successful and blissful lifestyle.

Global health insurance is highly recommended for anyone living or travelling abroad. The advantages of global health insurance go far beyond basic medical care. It will alleviate any added stress or concerns about medical coverage while travelling abroad, as well as facilitated payments, coverage regions and standard of care.

At Expat Financial, we offer plans from basic in-hospital plans to in-hospital and out-patient plans. We are able to provide various plans from several different insurance companies in order to find the right fit. Contact us today by email at info@tfgglobal.com or click here for a free online quote. 

global medical

Culture adaptations  

Depending on where your global adventures take you, there is a high chance that you will be relocated to a country that will likely lead to a degree of culture shock. The important thing here is to stay as open-minded as possible. Locals will gladly teach you their culture and welcome you into their country, as long as you are willing to immerse yourself in the community.

A useful type for overcoming culture shock is to learn the local language as well as possible. This will allow you to engage with more locals and feel less alienated when exploring and appreciated the new city in which you call home.

Location is key

When it comes to choosing where you want to relocate, there are many different considerations to remember. First, it will be important to understand the local culture and what it will mean to connect with the locals as an expatriate.

A second aspect that is very important will be to find an area that has low crime rates for your safety – whether that is choosing, in general, a safe city or specifically a safe neighborhood. Explore our region & city guides to discover which regions are the best fit for you!

A third factor that is important in choosing a location will be to know what the tax policies are for your incoming country. Many countries have different ways in which they tax their local employees, and as an expatriate living abroad, it will be very important to know the local taxation policies.

Thinking For Abroad

Get involved in local politics and policies.

As important as it is to immerse yourself in a local community, it will be equally as important to immerse yourself in the local politics and policies that are relevant to your new home. Knowledge of local politics will help you understand a multitude of important factors, such as taxation, governance, community values and elections, as these will all be crucial in your development in the community.

It is important to note that it is not recommended to get involved in politics in all countries, and it is important to research beforehand and look into political stability before diving into local politics, especially if you are not a citizen of your new country. Getting involved in politics as an expat in many countries, especially ones with little or no human rights protections, can be very dangerous.

Apart from local politics and policies, we also recommend having a general understanding of global politics, specifically with countries that directly affect your new city. This will allow you to stay aware of external factors and policies that may alter the way in which you engage with your community.

Keeping in touch

Lastly, after making the decision to become a global citizen, it will still be important to stay connected with your roots back in your home country. This can come with many challenges, including adjusting to time zones, whether or not you are in a Wi-Fi efficient zone or keeping this priority top of mind. It is important to keep in touch with members back in your home country in order to maintain and facilitate the transition, as well as keeping in touch with your own mental health.

 

global medical

Using your international health insurance while abroad

Before you go abroad, it is essential to learn what medical services your health insurance will cover overseas. If an emergency does happen, will your health insurance plan cover medical emergency evacuation overseas? Are you familiar with the payment method overseas in your destination country? Does your insurance cover preventive health checkups while you are working and living overseas? You don’t want to be making phone calls at the last minute to locate medical services if get hurt or sick abroad. In this article, we will discuss the importance of obtaining international health insurance, and how to use your insurance while abroad.

What Does International Health Insurance Plan Cover?

Most expats living and working overseas are not covered by free medical care. Some expats may rely upon the local government medical plan due to the low cost; however, these plans typically do not provide private medical coverage which typically provides a much higher level of care. As the standard of medical care varies greatly from country to country, most expats will want the peace of mind of consistently having private healthcare facilities with English speaking medical staff and overseas trained doctors. These private clinics and hospitals usually cost much more than public medical facilities. Therefore, a guarantee of payment provided by insurers is critical to protecting your financial wellbeing.

An international health insurance plan will provide coverage on hospital outpatient & inpatient treatment (depending on your individual policy), extensive cancer coverage, maternity care (see more detailed information at Maternity Benefits for Expatriates), global medical evacuation coverage, as well as dental & vision care, and wellbeing care. The plan can also let you choose the medical provider such as the hospital and doctor to suit your needs. Please remember, Expat Financial can manage the tailoring of your international health insurance plan with flexible and global coverage.

Medical Emergency Evacuation Coverage is Vital

Medical Emergency & Evacuation Coverage

You have to prepare for the worst while living abroad as an expat. When visiting some rural or remote area with a serious medical emergency caused by injury or virus, the assistance of air ambulance consists of transporting to the closest medical facility or a nearby country is the only choice. However, the cost of such medical transportation service is often expensive. The decision to evacuate is not dependent on the patient’s will – it usually rests with the ability of local medical providers to treat your illness. Suitable methods of transportation including ambulance, commercial flight, helicopter and air ambulance.

Most local health insurance plans won’t cover the cost of medical emergency evacuation. Therefore, it is important to obtain an international health insurance plan with a medical evacuation policy. Depending on your policy, you will be able to access one or different degrees of medical evacuation coverage.

Preventive Health Checkup and Routine Physical Exams 

international health insurance for chronic conditions

To prevent you from serious health problems, it is advised to take steps to keep yourself healthy when living overseas. Preventive health checkups such as screening, lab tests and other medical tests will help you stay healthy and avoid any illness before you notice. The medical cost of preventive healthcare at private medical facilities is usually expensive as well. In fact, most local healthcare plans do not include preventive medical checkups. Therefore, a tailored international health insurance plan for preventive medical checkups is recommended in order to keep you healthy.

Maternity Coverage 

Please keep in mind that individual expat health insurance plans that offer maternity coverage will only take in effect after a 10 to 12 month waiting period, which means an existing pregnancy will not be covered. Due to the rising costs and risks of giving birth overseas, travel insurance plans do not cover pregnancy-related expenses.

It is important for expats to obtain international health insurance with maternity coverage while residing overseas. Remember Plan ahead to avoid devastating medical expenses.

Maternity Coverage

Obtain International Health Insurance Plan Before Departure

Finding the right international health insurance plan is an important decision as you want to be protected and covered when living and working abroad. Expat Financial will save you time and money by finding the perfect plan for you. If your company manages many employees with varying needs, you can request a group expatriate health insurance quote, and we can advise you on whether your plan’s policies should be altered as your employees and company changes.

If you have questions about our international medical insurance plans or if you would like to discuss your needs and produce a customized quote, please contact us or complete the quote form.

expat healthcare

Healthcare costs in China for expatriates are soaring

Healthcare Is Expensive for Expatriates in China – Health Coverage is Vital

Many people can’t resist the appeal that China has to offer – the beautiful and diverse scenery, the local culture and is one of the main economic hubs of the world. There are so many fantastic career opportunities for expatriates in China where the economy is still growing at a fantastic rate. As an expatriate, it is not easy to resist the temptation to relocate to China – whether it be Hong Kong, Shanghai, Beijing or other major cities within.

China

Public Care

While taking into account China’s increasing population rates, increasing life expectancy rates and a stimulated economy increasing demand, the cost of China’s health care system is dramatically increasing as the years move forward. With this current trend, there is no foreseeable decrease in these costs, and it is explicitly important for non-native residents to take extra precaution. As China’s non-communicable disease rates are on the rise, the difficulty in obtaining sustainable public health care will continue to decline. As the cost of public healthcare continues to rise, the government is no longer able to support the financial demand – and is therefore forced to lower the standards of care in the general public hospitals. In our experience, expatriates do not seek healthcare in China from the public system and almost always obain medical assistance in the private clinics and hospitals.

Private care

As the general association between the cost of buying and operating in China is generally thought of as being inexpensive, this may lead an expatriate to believe that the cost of obtaining health and medical services would follow the same trend. This may be true for locals in China, as it is possible to find relatively inexpensive care in public hospitals; however, most expatriates will atomically seek medical treatment in private hospitals. It is much better for an expatriate to seek out private care, as it will be more likely to be close to their own standards of care, as well as less limitation with the language barrier. Private hospitals, albeit more expensive than the public ones, will still cost approximately 80% of what one would pay for medical treatment in an American hospital and clinics. In some cases even more than the USA. The levels of care that an expatriate will find in a private hospital is substantially better than what he will find in the public sector; it is even common for the wealthier Chinese nationals to seek private care in the country. Since you are probably from a country outside of China, it is critical that you get a plan that will also cover you back in your home country and throughout the region.

Healthcare in China

With the idea of private care in mind, it is crucial for expatriates living in any Chinese city to obtain international health insurance coverage for your relocation. Even though China is a major economic hub for many people, the cost of living is still one of the most expensive places in the world and obtaining an international health plan will allow you to have peace of mind and financial protection.

Expat Financial, a division of TFG Global Insurance Solutions Ltd, can easily obtain coverage for most expatriates in China. Our staff has the necessary knowledge to provide you with complete insurance coverage that will protect you while being posted in China. You can get a quote for healthcare in China via our quote page or by clicking the quote button below. Most people can obtain a quote in minutes and many are approved in minutes or after a few days.

Contact Expat Financial today for a more in-depth examination of your global health insurance needs for China and what plans we can offer you. If you require a quote for Chinese expat insurance, contact Expat Financial today. Please send along any relevant risk information that may be available or obtain a quote via the link above for the best plan that we can offer expatriates living in China.

Travelling Abroad

How Expats Can Save Money When Moving to the UK

The UK’s rich cultural heritage, vibrant history, and high standard of living have made it one of the most sought-after expat destinations in the world. London’s eminence as a global business center also means that many expat positions there will come with high wages. However, these qualities have also contributed to a high cost of living. The UK is the 12th most expensive country to live in in the world, and its capital, London, is the 5th most expensive city in the world. To help you keep costs down, we at Expat Financial will discuss five ways on how expats can save money when moving to the UK.

1. Saving on Flights

As expats move to the United Kingdom from all over the world, they would all love to save a penny or two on their airfare. One of the easiest ways to do this is to book flights well in advance. Airlines tend to hike the price of tickets as your departure date looms closer, so booking at least several months in advance will allow you to avoid this. Additionally, if flying to the UK from your own country proves unusually expensive, you could try booking a flight to another cheaper European destination. This is a valid strategy, as due to the significant presence of low-cost airlines in Europe, once you are in Europe, flying within the continent can become as cheap as the taxi to the airport.

Expats Moving UK

2. Saving on Accommodation 

With the average flat price in Central London is an astonishing 1.4 million USD, and the average British citizen spending nearly 40% of their income on housing, it makes sense to share a flat with fellow expats to keep costs down. In addition to helping your pocket, sharing an apartment is also a great way to make new friends. Online platforms such as Gumtree and SpareRoom make it easy for expats to arrange a shared flat. For students in the UK, you can often obtain very inexpensive and basic rooms through your university or private student housing companies like Unite Students.

3. Saving on Food

As a melting pot of different cultures, Britain’s vast offering of diverse cuisines makes it a foodie’s paradise. Although some of this diversity amounts to £300 a head omakase bars, there is still an abundance of cheap eats to be found. Straying from the main tourist and business areas will usually lead to finding low-cost local favourites. Additionally, many restaurants lower their prices both before and after peak hours, so that late night sitting may be saving you money. It is easy to obtain ready made meals from the large food chains and department stores in London and other parts of the UK. If you avoid restaurants in your hotel, the prices can be much more reasobable. We strongly recommend trying the excellent pub food as well.

Saving On Restaurant Foods

4. Saving on your Commute

The major cities of Britain are home to some of the best public transit networks in the world, and subsequently, they make owning a car very optional. In London for instance, only 33% of people drive on a daily basis. Utilizing public transit will not only save you money, but it will also save you time, as taking the tube is often faster than driving as city traffic can be agonizingly slow during rush hour. In areas that are not covered by the public transit system, using Uber is often less expensive than hailing a cab.

Commuting Abroad

5. Saving on International Health Insurance in the UK

Traveling to the UK without adequate health care could leave your finances in ruin, especially if you wish to obtain medical care through the private system versus the National Health Service. Unfortunately, the NHS has had some serious problems which include very long waiting lists for treatment. You may also be traveling or want to obtain medical treatment in your home country. Therefore, it makes sense to contact an international healthcare advisor to make sure that you are fully covered. Expat Financial offers many different international health insurance plans for expats moving to the UK for long or extended durations. In addition, we offer group plans for multinational firms with great rates and enhanced coverage. If you have any questions regarding our services or the plans we can provide, please contact us or complete the quote form.

 

 

 

 

 

 

Health Insurance

Top 10 Questions to Ask Your International Health Insurance Provider

Important Questions to Ask Your Global Insurance Broker & Insurance Company

Choosing global health coverage can be very difficult and one of the many things you have to do if you are moving abroad or already living overseas. Obtaining excellent international health insurance is vital if you and your family are expatriates. A major illness or injury could put your health at risk if you can’t access adequate medical care, but also your finances. We have created the top 10 questions to ask your international health insurance provider in order to make your transition as easy as possible.

Most experts will agree that it makes sense to work with an expat insurance specialist firm such as ours. To help you in your global journey, we have put together 10 questions to ask your international health insurance provider before relocating. To Get a quote now for one of the plans we offer, click HERE.

Question #1: Does your company cover expats for life?

Many people are moving abroad for long time periods or when they are older, so obtaining a global health plan that will cover them for life is vital. This is especially important for those planning to retire abroad. We often get requests from senior expats who want to retire in the Caribbean or in Asia. There are many international health care plans out there which will not cover you past a certain age or restrict benefits once you reach 65. Therefore, it is important that you ask if the plan can keep you and your partner covered for life. Of course, premiums will increase with age, but no-one wants to get kicked off a plan when they need coverage the most.

Question #2: Are there doctors in my city and country that I can access?

The size and quality of an international health insurance company’s medical network for direct reimbursement is critical, so it makes sense to ask your potential insurer or broker for a list of medical providers in your new country or region. Most expats want to be able to show a card and not have to pay out of pocket for medical expenses at a hospital or if they are in the USA, most clinics, hospitals, doctors and pharmacies. Most quality insurers will be able to give you a list of doctors and hospitals that you can work with.

Question #3: Is there a free choice of hospitals and doctors in the plan?

When picking a global health plan for you and your family, it is important to get a plan that will allow you to choose whichever medical doctor or hospital that you wish to utilize. That hospital may not be in the provider network mentioned above, but you can at least get treated there, pay out of pocket and get reimbursed by the insurance company. Note that in some countries and cities, you may not be able to find a hospital in the insurers network and some facilities simply do not want to work with an international insurer.

Question #4: Can the insurer provide a guarantee of payment to the hospital if outside of the network?

For large medical expenses incurred at a hospital overseas that is not in the medical network, it makes sense to deal with an insurance company that has 24/7 claims support with the ability to give the hospital a guarantee of payment if required. This should allow you to receive medical treatment without having to pay out of pocket as the hospital can call the insurer and make sure that they will receive payment for approved medical procedures. You can also get a medical second opinion at the same time.

Question #5: Can the insurance company cover my pre-existing medical condition?

We often get this question for expats or those about to venture abroad. A previous illness or injury or ongoing pre-existing ailment has to be disclosed when you apply for international health insurance. All individual expat health plans are medically underwritten and the insurer will either decline, accept, ask for extra premium or exclude the condition. People often get angry when their condition is excluded but can ask us to advocate on their behalf and supply more information to the insurer, especially from the doctor. If the insurer still excludes the condition, we can give you a rough idea of how other insurers will view the condition. It usually makes sense to take the policy, especially if the condition will not cause to much financial harm if not covered.

Medical Checkup

Question #6: Should I add coverage for the USA and how much will it cost?

Most global health plans will give you worldwide medical treatment excluding the USA or the ability to add treatment there for an extra fee. If you are an American expat, it almost always makes sense to add this coverage option as you will probably want to return home for medical treatment where your regular doctors and family reside. Adding a US coverage option can increase your premium dramatically, but not necessarily too much for American expatriates with the Cigna plan that we offer online. If you are an expatriate living near the USA, it is often a good idea to include care in the USA as your local country may not be able to properly treat you there.

Question # 7: How much will I save if I pay annually versus monthly?

Most expat insurance partners that we work with will offer a 7 to 10% savings if you pay for your premiums on an annual basis verus monthly. For my son who recently move abroad to study, I took this option because the savings were simply too large to ignore. If you can afford it, we definitely recommend paying annually.

Question #8: When can I apply?

We often get requests from people who are thinking about moving abroad in 6 to 12 months, but most insurers will not allow you to apply for coverage until you are 30 to 45 days out from leaving your country of residence. If you are already living abroad, you can usually request an effective date the very next day – assuming you are approved. Apply today for our most popular global health plan from Cigna.

Health Plan

Question #9: Does the plan cover maternity expenses?

If you are planning to add to your expat family or have children for the first time, it is a good idea to check if your international health plan will cover maternity and newborn expenses. Some plans will exclude maternity fully while others will include it with a fee or as part of the insurers more deluxe coverage. All individual health plans have a 9 or 12 month waiting period before maternity expenses will be reimbursed. Some group expat health plans will cover maternity expenses without a waiting period. It is critical to have your maternity coverage if you will be having a child abroad as the costs can be quite enormous.

Question  #10: How much will the premium cost for international health insurance?

Perhaps the most obvious and important question to ask your global insurance broker and insurance provider is how much a global health policy will cost. The cost of any international health plan will depend on a variety of factors, such as your age, occupation, gender, occupation, citizenship, where you reside, deductible level, the options you choose and much more. There are so many different options to choose from, such as getting outpatient care, evacuation, maternity coverage, dental and if you want access to medical care in the USA. It makes sense to talk to our expat insurance expert advisors at Expat Financial and discuss your requirements. It is very easy to examine all the options and obtain a quote online from one of our many international health insurance providers, such as IMG, Cigna and GeoBlue. Note that premiums will increase as you age an also if you add your partner or dependent children to a policy. Please contact us today to discuss your global insurance requirements and answer your international health insurance questions today. These top 10 questions to ask your international health insurance provider are just a preliminary approach to deciding on a plan. The above article primarily relates to individual policies but is also relevant to the group expat medical plans that we offer multinational employers.

Expat Couple

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.