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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

Five most costly cities for expatriates living abroad

When talking about cost-of-living overseas for expatriate employees, it is not just exchange rates of currency, cost of food or groceries, but also housing costs. According to a recent Forbes’ survey result, the five most expensive real estate markets are Hong Kong, Mumbai, Beijing, Shanghai and London. In this article, we will discuss the five most costly cities for expatriates living abroad.

  1. Hong Kong, CHN

Hong Kong is considered one of the most successful financial centres around the world. It owns advanced medical care system,  promotes an active lifestyle and provides an excellent educational system. According to the Demographia International Housing Affordability Survey of 2016, Hong Kong‘s property market is the world’s most unaffordable. As stated in Mercer‘s Cost of Living Survey, Hong Kong is the most expensive in the Asian Pacific region. According to a local real estate site HongKongHomes.com, you should expect to pay around HK$ 55,000 per month (equivalent to ~ USD $7086.4 monthly) in order to rent a two bedroom, two bathrooms apartment with a saleable area of 953 sq.ft. If you would like to own the apartment, the price increases to HK$ 24,000,000 (~ USD $3,092,245.44).

2. Mumbai, IN

Surrounded by sea on three sides, Mumbai is the most populous city on the west coast of the Indian peninsula. Mumbai is listed among the most costly cities to buy real estate in. As being one of the most international cities of India, Mumbai has pleasant weather and advanced health care facilities. With job opportunities offered, increased expatriate migration and investment buyers that are willing to reside in the city has consequentially driven up the demand for property in Mumbai.

3.Beijing, CHN

Beijing Expat Insurance

The second Chinese city that is considered to be one of the most expensive cities in the world to live in as an expatriate is Beijing. Beijing is China’s capital, as well as its political and cultural centre. Known for its influential culture, Beijing has been known to be an extremely popular destination for expatriates moving overseas. According to the National Bureau of Statistics of China, Beijing is in continuous demand for real-estate investments, resulting in increasing high costs of living. Apart from real-estate costs, Beijing also has one of the most expensive healthcare systems, especially for non-native residents.

4. Shanghai, CHN

The third Chinese city that has made its way to be one of the leading most expensive cities in the world to live in is Shanghai. Located on the central coast of the country, Shanghai has become one of the leading financial hubs of the world. The importance and ability to conduct business in Shanghai have transformed the city to be an expatriate hot spot. With continuous growth and demand, the cost of living has skyrocketed in the last few decades. Don’t be surprised to see an average, furnished one-bedroom apartment costing $3,000 CAD/month.

5. London, UK

London has long been one of the most popular, and therefore most expensive cities to relocate as an expatriate. London is known for its rich history and remarkable agriculture, as well as being a city that can please all needs. Whether you are interested in art, culture, food or adventure, the city has it all. As a leading destination for expatriates, the significant increase in population has caused a substantial surge in living expenses, such as accommodation, transportation and food & entertainment.

 

If deciding to relocate to one of the above cities, it will be very important to ensure that you have proper medical coverage while abroad. Living in one of these cities will cost you a substantial amount of money, you’ll want to ensure that you don’t have to worry about any unforeseen medical expenses. At Expat Financial, we can offer a wide range of expatriate health insurance plans designed specifically for expatriates of any nationality around much of the world. For additional information, contact us at info@tfgglobal.com or click here for a quote today! 

 

The fundamentals of becoming an expatriate

There are numerous reasons as to why someone will make the decision to relocate to a new country and become an expatriate. The decision can be an inbound decision of wanting a new life of adventure or you are being relocated due to your job. Regardless of the reason, there are an abundant amount of benefits for making the move. The term expatriate is often misinterpreted and we are here to help you understand what it means to be an expatriate and how we recommend preparing for your new life.

What is an Expatriate?

An expatriate is considered as anyone who is living outside of their native country – meaning the country in which they were born and/or brought up in. Expats that are living overseas can be considered in a permanent, semi-permanent or temporary placement, depending on the expats’ specific situation.

When relocating abroad, regardless of the reason for moving, there are plenty of considerations to think about beforehand. Some top priority factors are to determine where your income will derive from, are you living in a safe area, how to attain housing, are you moving somewhere with a different language than your native tongue, whether or not you need a visa, and how does the medical care system work in your new country. We have created a small guide to answer some big-picture questions that are crucial to know before your big relocation.

Visa requirements

Most countries will require a visa in order to become a local resident, and the process and availability will be dependent on your country of origin, as well as the inbound country. It is very important to understand all the factors and limitations of your visa before moving. More often then not, a work visa will have a longer period of validity in comparison to a visitors visa, resulting in a more stable duration of stay.

Adapting to local culture

Your international relocation may bring you to a country that is vastly different than your home town, whether that be in Africa, Asia, Europe or South America. Each region and country around the world has it’s own unique offerings to you as an expatriate, and it will be important to learn and appreciate how differently things are done. One aspect that will greatly benefit you as an expatriate will be to learn the local language as well as possible. Learning a new language has many benefits and challenges, and in the end, it will greatly improve your experiences in the new country. The more you adjust and dive into the culture and experiences of your new home, the easier it will be for you to adjust and enjoy your time away from home.

The benefits of Expatriate health insurance

Countries all around the world vary in healthcare, in cost and standardization and care. As an expatriate living abroad, you will want to have the best healthcare coverage as possible. In most circumstances, countries will require expatriates to obtain a global medical coverage plan for extra protection, as most expats won’t be covered under a domestic plan. A comprehensive global medical plan that can move with you and cover you locally, regionally and globally – especially back home will be critical.

A major benefit of a global medical health care plan is the ability to cover other dependents as well – whether that be a spouse or children. Obtaining the best care for yourself and your family will be extremely important as you choose to live an expatriate life.

Domestic government health plans often only provide access to public hospitals and doctors. This may become problematic as you will have more restrictive access to medical care. In order to avoid the complications of long wait lines, extra costs of medical testing and surgeries, most expats will seek out a global medical care coverage in order to have access to private hospitals, doctors and clinics.

The keys to success

As rewarding as living an expatriate life can be, there will surely be some obstacles along the way. Here are some suggestions in order to get the most out of your expatriate experience.

  1. Appreciate the cultures and languages of your new country! Many people will never be given the opportunity to travel and live the way you are, so make sure to take the time to dive into new cultures, meet the local populations and learn to appreciate the way of life that is different than your norm.
  2. Moving abroad is the perfect opportunity to do a major clean out of your house! Deciding what to pack when moving abroad can be a stressful and tedious experience, however, it is an excellent opportunity to purge out old household items and clothing that you don’t need!
  3. As you are becoming an expatriate, it will be important to engage in an expatriate community as well as the local natives. There are several benefits to relying on other expats, including learning from their past mistakes and suggestions, as well as their knowledge on conducting business and creating a social life in a foreign land.
  4. It will also be important to know about your countries taxation policies. As all countries differ in tax legislation, it will be important to be up to date on your tax status and whether double taxation agreements are in place between the two countries.
  5. Lastly, obtaining your international health insurance before relocating, or within the first few days of moving will be crucial. This will alleviate a large amount of unnecessary and added stress that is preventable in order to protect yourself. At Expat Financial, we are able to meet the growing needs of expatriates living around the world who require global healthcare coverage for themselves and their families. To view available international health insurance plans available, click here!

 

Five Tips for Learning a New Language If Living Abroad

5 Tips for Learning a New Language If Moving or Already Living Abroad

Moving to a brand-new country is never easy. Learning a new language can take years. And moving to a brand-new country while attempting to learn a new language can be downright daunting.

For an expat in a non-English speaking country, the question simply becomes: how can I learn the local language fast? While there is no magic pill to learn a new language overnight, there are ways to pick up a language quickly. While this task of learning a foreign language may seem huge, there are ways to make your life a bit smoother – here are five tips to learning a new language, while living abroad:

  1. Understand that learning a new language is difficult! There are multiple ways of learning a new language and not every way will work for you. No one is expecting you to learn a brand-new language perfectly and to be fluent speaker right away, especially if you are learning a language with many complexities like Russian, Mandarin, Arabic, Korean, or Hungarian. The faster you can come to terms with this notion, the faster you can get over any anxiety and embarrassment that may come with learning a new foreign language. Relax, figure out what method works for you, practice, and enjoy the process.
  2. Immerse yourself in the language. Pay attention to the street signs, the advertisements on the sides busses and on billboards, read food labels when grocery shopping; all of this helps (especially when learning a new language alphabet). Celebrate your wins when you recognize what the words or phrases mean. Try ordering your daily cup of coffee at your neighborhood cafe in the local language. Find out the keywords or phrases to get by and say pleasantries like please, thank you, may I, sorry, etc. and use them on a daily basis. They will become automatic and make you more confident.
  3. Self-study. If you like to learn on your own there are many books out there on learning new languages. You can check out local books stores in your new country, many of which will have books on learning English or baby books. Don’t discredit these books, reversing how you view the language may be quite helpful. And there are thousands of YouTube videos, podcasts, and apps to help you self-learn – most of them free. Listen or watch videos on your daily commute or for a few hours a day when possible. Making use of technology can be a lighter and easier way of learning as many apps aim to make the learning process fun and game-like. Talk to the locals who speak English, they can help correct you and guide you. If you don’t know a local who can help, join a learning group.
  4. Join a learning group. This will allow you to be in a structured environment to learn the new language. You will get feedback, be sounded by others from various different countries who are trying to learn the local language and may even receive assignments to test your knowledge. Find fellow expats, but beware of slipping back into your native tongue.
  5. Get creative. Make flashcards, try to write up your work emails or everyday texts in English and the local language, visualize the new language rather than relying on a direct translation. Have fun with friends or family members who are trying to learn the new language, get into a habit of picking a category to talk about ex. “colours” or “foods” and say the examples in the language. Watch the news for articulation and pronunciation. If you are in a big city check out a play, visit museums, and see movies in the language you are trying to learn.

And finally, something thing you might want to consider before choosing a language learning method is what purpose are you looking to achieve by learning a foreign language? Do you need it mostly for writing? Talking? Business? Can you get by without learning too much of the local language? Learning a new language will always assist in ensuring a good quality of life and freedom within your new country. A new language will assist you should you require medical care from a facility or doctor who doesn’t speak your language. A great medical plan will also provide medical insurance support in all of the major languages. Expat Financial offers several different international health insurance plans for expatriates of any nationality across the world who are about to move abroad or already there. If you have any questions regarding international medical insurance plans or you want to discuss your needs as an expat, please contact us or complete the quote form.

Should you retire abroad?

Learn About Retiring Abroad – Determining Your “Expatibility,” or Candidacy, for Retiring Abroad

A lot of us wanted to travel abroad while we were younger or were interested in taking time off work to explore and see more of the world. You may or may not have had the chance to see as much of the world as you wanted. But now you nearing retirement. And you always thought you’d travel once your career was complete. Now you are considering going abroad – and staying abroad permanently as a retired expat.

How do you determine if retiring abroad is right for you?

For one thing, going abroad for retirement is an adventure. Another thing is that it may make total financial sense to leave your native country, with costs of living climbing. And it’s never been easier to pull off expat living – with resources at your fingertips around the clock through the easy facilitation of information-sharing online. You can look up what others have done and read about their experiences online, and even connect with them as well.

Determining your expatibility is the most important step to deciding if you should retire abroad.

Here are two steps you can take in order to determine whether you’re a good candidate for this adventurous expat lifestyle.

Step 1. Take a good look at yourself and profile whether you have the personal disposition to retire abroad.
Retiring abroad takes a desire for adventure, yes. But it also means embracing change, difference and meeting difficulties with an open mind. Do you shy away from obstacles that may arise, like language barriers and a different way of life? You should also consider the following disadvantages of moving abroad:

  1. You will not be able to see your friends and family as much
  2. You may have to sell your house and give up health coverage back home
  3. You will have to give up some activities at home which may not be available in your new location – such as skiing if you are moving from Vancouver to Barbados.
  4. Will you have enough money to last for your life no matter how long you live?

Also, are you ready to immerse yourself in a different culture, including the food, the type of dress you’d be donning? If not, then retiring abroad may not be for you. Or you’re not just yet ready to take the leap into expat life at the moment.

Step 2. Ask yourself what you truly need – what are your necessities in life?

What are some things you absolutely can’t live without? Do you need to be able to speak the local language in your new home country or get away with speaking English? Do you have to have the ability to live with very low costs, or peace and quiet, or a car or internet? Evaluating your needs will help you decide if you’re able to live abroad, and where.

Whether or not you decide to retire abroad, and wherever you go, remember that you’re going to need international health coverage as it’s very likely that your domestic plan will NOT cover you during your retirement abroad. Medical expenses incurred abroad can be extremely expensive and as we all know, our health does not improve with age. It will make sense to lock in a global medical insurance plan when you are living abroad from a well known and respected global insurance company, such as the expat health plan we offer from Cigna.

Finding the right international medical insurer is an extremely complex issue. There are many different levels of healthcare around the world, as well as vastly changing local regulations. Therefore, it’s very important to ensure you’ve selected an international health insurance plan that fully protects you and your family. You should also consider a global health plan that will cover you for life as some plans will termiante after you reach age 70 or 75.

Contact Expat Financial for expert advice and to discuss your international insurance needs and requirements.

expat employees

International Payroll Tips for Expat Employers

Global Payroll Tips for Expatriate Employers

Paying expat employees is increasingly more common as companies expand their businesses into global markets. There is not one straightforward way to ensure you’re paying your expat employees given that laws are different in every jurisdiction.

What is certain, however, is that human resources and payroll professionals are required to acquire knowledge of international payroll management systems, which are becoming more complex since they vary from one organization or company to the next.

Therefore, there are varying procedures and methods for how international employees are paid.

We’ve put together a list of our top five tips for dealing with international payroll so you can avoid legal problems. While our firm does not provide global payroll service, we are happy to provide some helpful tips that may assist your organization. We can even refer you to a global HR firm if required.

But first, what exactly is international payroll?

What is international payroll?

International payroll refers to the list of a company’s expatriate employees and includes information on how and when the money they are owed will be paid to them.

There are, generally, two aspects of global payroll obligations to remember:

  1. Withholding the correct payroll taxes.
  2. Income/tax reporting.

“Withholding tax” is the amount of an employee’s pay withheld by the employer and sent directly to the government as a partial payment of income tax. These concepts are essential for you to understand so you can avoid problems.

If your expatriate employees are required to travel often, then it is critical to design a payroll policy about how long an employee must stay in one state before withholding must be taken into account.

Remember also that specific expatriate payroll-related concepts include foreign currency exchange transactions as well as US payroll.

Given you need to be compliant with specific laws, rules, and regulations that vary in different areas and are sometimes quite complex and overwhelming, it is recommended that you hire legal or tax professionals to assist you and your firm.

Legal and tax professionals have extensive knowledge of the specific taxation, employment laws, and fluctuating foreign currency trends. These professionals would be able to support you in achieving the best method for setting up a successful international payroll system that works best for both you and your firm.

 

The International Compensation System

Recognizing international compensation plans when reporting expatriate employees’ income and tax is important.

An international compensation plan may include base salary, benefits, and other incentives as part of the expat employee’s monetary and non-monetary return for work.

Some aspects of international compensation plans include contributions to foreign pension plans, foreign trust reporting, and foreign deferred compensation arrangements.

Some US expatriates working for foreign corporations may participate in international pension plans. However, the tax arrangement may not meet “qualification rules” in the US, so this must be taken into consideration.

Discussing how best to treat contributions to your foreign compensation plans with tax professionals is recommended highly, as they can also advise on reporting requirements that may apply in addition to an expat employees’ tax return.

You’re not alone if you’re feeling a little overwhelmed or even confused about where to start or how to structure or enhance the HR policies in your company or organization to better facilitate the international payroll for expat employees.

We have compiled five tips for you to keep in mind as you go forward.

  1. Understand the difference between various mobility policies 

It is important to hire professional consultants who can provide guidance on a variety of mobility issues by identifying benefits available in the new location. These professionals will also be able to structure a new global employment strategic plan, as well as developing a worldwide expatriate compensation and benefits plan. In some nations, local benefits coverage and medical facilities may be limited. Local currency fluctuations and the financial stability of the local insurance company are significant concerns for expatriate employees. Expat Financial can source international group insurance plans from a variety of large and respected insurance companies for multinational companiesNon-government Organizations, non-profits, governments, and international schools.

Several benefits are available, such as Group LTD, AD&D, Life Insurance, Health, Dental, and Emergency Medical Evacuation & Assistance Insurance. The risk and the administration for numerous operations and countries are pooled under one plan. Benefits can be paid in several major currencies. For companies with less than three expatriate employees or individual expatriates, we can also provide individual International Health Insurance protection as well as individual life and disability plans.

  1. Tax knowledge is a must

It is critical that you understand the foreign payroll withholding requirement and are able to determine whether the various compensation aspects are taxable or non-taxable. Our firm can often refer clients to expatriate tax specialists and even global payroll firms with excellent global tax knowledge.

Expat Financial may be able to provide international pension plans from large and established insurance company. These plans are usually free of taxes on accumulations, and there are no withholding taxes on benefits paid.

In addition, a variety of investments can be made available. The administration costs are also typically much lower for the company and the employees than setting up individual plans. Check with your tax advisor to confirm your tax status at your location.

  1. Organize documentation of payroll operations

Managing the documentation of payroll is very important. It provides the payroll team members with operational standards and policies. Due to the complexity of international payroll, different staff members may have different payroll methods. Maintaining payroll documentation can help administrative staff to manage payroll operations efficiently.

A tailored international group insurance plan provides simple administration platform for your HR department. It can facilitate instant communication online between employees, insurance companies and HR administrators. This is most especially convenient for highly mobile expat employees.

It is imperative for your expat employees to move from one country to another without worrying about switching from one local health insurance plan to another. It is crucial that HR managers consider excellent administration when choosing a global medical plan for their expat employees.

Contact Expat Financial to learn more.

 

  1. Provide ongoing training for payroll team members 

The role of an international payroll specialist requires strong professional skills, as well as extensive knowledge of new technologies and software in an ever-evolving business environment.

Arrange annual training and professional upgrading programs in international payroll for all team members to enhance knowledge, learn trending methodologies, and stay up-to-date on the latest best practices. Training programs should ideally include a comprehensive range of webinars, seminars, and forums.

Opportunities to network are also a great plus. Building an international payroll network can be helpful in advancing your company’s HR team and their performance.

  1. Optimal payroll productivity

International payroll management usually requires a cross-department effort from the finance, administration, and HR departments. Therefore, it is vital to connect global payroll to the business administration process and continuously update your management strategy.

For example, implementing a reviewing process within each party involved (such as HR & Finance) before delivering the review process results to employees is a great idea that can be used to avoid mistakes and improve expatriate employee satisfaction. Continuously building your communication with employees is critical to a great international payroll procedure.

A Reminder About Global Insurance Requirements

While international payroll is a very complex and vital requirement for expatriate employers, it is also important to consider the insurance needs of your globally mobile employees.

Expat Financial offers international group insurance plans for expatriate employees. We can even source expat group insurance plans for multinationalsNGOs and governments that have groups of three to 1000 expatriate employees working overseas. We offer numerous global benefit plans that are available to meet almost any budget requirement you may have.

With extensive global experience, knowledge, and contacts, Expat Financial is a leading source of group international health insurance plans that offer global health insurance coverage from various leading insurance providers that offer only the best plans.

For companies with only one expat employee, we have excellent global health plans that you can obtain a quote and also apply for completely online. We also offer xpat life and disability insurance plans as well as source special risk plans including war and terrorism insurance.

We are also a major provider of international insurance solutions to companies across many sectors of the economy and regions of the world.

Contact us today to obtain a quote, learn more, and we can answer your global insurance questions. If you require a global payroll specialist, we may be able to refer you to a company which can assist your HR Department and of course your expatriates.

Read more to learn why an international group insurance plan is superior to placing your expat employees on domestic policies.

The top 5 countries to raise expat children in

Are you planning to move abroad with your family? According to a recent survey report, the top 5 best countries to raise expat children in 2017 are Switzerland, Canada, United Kingdom, Germany, and Japan. The rankings are based on various factors such as quality of life, political influence, business friendliness, cultural heritage, entrepreneurship, and ease of obtaining citizenship. In this article, we will introduce these top 5 countries to raise expat children abroad.

  1. Switzerland
  • Introduction: Switzerland is among one of the most developed and wealthiest countries in the world. Bordering Germany, France, Austria and Italy in Europe, Switzerland ranks at top globally for its quality of life, government stability, healthcare standards and economic development. The overall standard of living is high.
  • Healthcare: Medical services are considered to be of the highest standards in Switzerland. Expats living in Switzerland will find many English speaking medical staff and doctors. However, expats are strongly recommended to purchase international health insurance plans before relocating to Switzerland, especially for those who plan to give birth in the country.  International health insurance will fully cover the medical costs of giving birth, including medical check-ups to baby’s hospital stay, plus post-natal care. Without appropriate health insurance, the medical bills can be very high.
  • Safety & Security: Switzerland has been consistently obtaining high marks for safety and a healthy lifestyle. According to the Government of Canada, the public transportation in Switzerland is excellent. Expats living in Switzerland should exercise normal precautions as petty crime could happen in public areas.
  • Children’s Education: According to the survey, the education system in Switzerland gets top marks on a global scale. This is not only because the schools in Switzerland cater to international families, but also the flexibility of its education system. According to The State Secretariat for Education, Research and Innovation (SERI), each of the 26 individual regions has its own education department and own school curriculum. Local state schools are free of charge. However, many expat families prefer international schools to help their children with the ease of transition and continue their education in a familiar language and curriculum.

        2. Canada

  • Introduction: Known for its cultural diversity and natural beauty, Canada is the second largest country in the world. Few countries can compare with the geographic diversity of Canada. The official languages are English and French. Canada is a high-tech, developed country with a high standard of living. The country’s economy mostly relies upon energy, agriculture and minerals.
  • Healthcare: The provincial medical plans provide Canadians with excellent emergency and non-emergency care, and it is publicly funded. Expatriates who are not covered by provincial medical care should obtain international health insurance plans. The medical cost for inpatient care at hospitals without it can be very expensive.
  • Safety & Security: Being one of the safest destinations in the world, the crime rates in Canada are low. Expats living in Canada should maintain common-sense precautions however, such as not leave valuables unattended to protect the security of your property.
  • Children’s Education: The standard of education in Canada is high. There are many public-funded schools and private schools including language schools, career schools, community colleges and secondary schools. Since Canada is a bilingual country, English and French language schools are available throughout the country.

        3. United Kingdom

  • Introduction: The United Kingdom contains four countries united under one government. The countries are England, Scotland, Wales and Northern Ireland. With an area of around 242,500 square kilometres, the nation has a population of 65.1 million people. The capital and the largest city of the United Kingdom is London. There are also many cultural heritage sites across the UK, due to the nation’s long and rich history.
  • Healthcare: The healthcare service in the UK is generally of high standards. It provides patients with primary care, in-patient care, dental care, etc., and it is free of charge. There are also private medical facilities throughout the country. Most expatriates living in the UK would want to seek medical insurance coverage globally. Additionally, it is important to obtain an international health insurance plan that will allow the private medical facilities access, due to long queues at public facilities.
  • Safety & Security: The public transportation in the UK is excellent. According to Government of Canada, the risk level of travlling to the UK is “exersise a high degree of caution” due to the threat of terroroisim. Although terror attacks can strike in any nation, due to the recent increase in attacks across Europe, expats should be weary of the increased risk.
  • Children’s Education: More than a quarter of the world’s top 200 universities are located in the UK. The education system in the UK is famous for its high quality, excellent education methodologies and research facilities, as well as academic freedom. Across the UK there are five stages of education: early years, primary, secondary, further education and higher education. After a student reaches the age of 16, he or she may choose to continue studying. Further Education is not compulsory. The UK school system is more lecture-based, with a few assignments throughout the semester. The cost of education in the UK is high, but not as expensive as in the US, as the government sets limits for tuition fees.

4. Germany

  • Introduction: With a total population of 82,667,000 people, Germany is a leading European country. As the world’s second-largest exporter, the standard of living is high in the nation. The Official languages in Germany are German and English. The high-income capital city is Berlin. Germany is also known as one of the most industrious countries in Europe, with major industries including automotive engineering, technology, and pharmaceuticals.
  • Healthcare: The healthcare system in Germany is excellent. The government-funded public medical care system provides healthcare services and products to patients, and the private medical facilities make a considerable contribution to society. The medical staff and doctors in Germany have usually received extensive medical training. Many expatriates living in Germany will want to obtain international health insurance plans to cover their medical costs in private healthcare facilities.
  • Safety & Security: Violent crime in Germany is low. There is no nationwide advisory in effect for Germany, according to Government of Canada. Expatriates living in Germany should exercise normal security precautions if attending large crowds events or visit local markets.
  • Children’s Education: Germany’s education system is different from the ones in many other countries. Lectures in public schools are usually taught in German, where expat children will gain a high academic ability of German. After grade 4, the students are separated by their overall academic performance and are divided into three different kinds of schools: Realschule, Hauptschule or Gymnasium. Realschule focuses on theory learning from grades 5 to 10. Hauptschule focuses on practical skills more than theory. The Gymnasium is a path to the university. The education system in Germany is different from state to state. There are also many international schools. Among these private schools, Montessori education is one of the most popular teaching models in Germany.

5. Japan

  • Introduction: Located on the east coast of Asia and southwest to Taiwan, Japan is an island nation in the Pacific Ocean. The capital city of Japan is Tokyo, with a population of approximately 9 million people in the area. The country has one of the world’s largest economies, and is famous for its highly skilled workforce and fast pace. As a developed country, expatriates will enjoy a high standard of living in the city. Also, Japan’s population enjoy the highest life expectancy rate in the world.
  • Healthcare: The healthcare system in Japan is among the best in the world. The universal health care insurance system offers citizens with fees set by the government. The healthcare insurance is mandatory and is required by law to all residents. However, hospitals are privately run and owned. Expatriates living in Japan for under a year is suggested to buy international health insurance to cover the medical cost.
  • Safety & Security: There is no nationwide advisory in effect for Japan, according to the Government of Canada. However, after the strong earthquake on March 11, 2011, reconstruction efforts are ongoing at Iwate, Fukushima and Ibaraki. Therefore, some transportation routines may be unavailable. Expatriates visiting these areas will want to make sure that you have secured accommodations and transportation. The overall crime against foreign nationals is low. Expatriates are advised to exercise normal levls of caution throughout their stay in Japan.
  • Children’s Education: According to a recent study, the Japanese education system leads the world in numeracy and literacy skills. The Japanese school system consists of 9 years of compulsory education period and 3 years of senior high school. There are many after-school workshops where students will learn more than in the regular classes. According to a recent survey, nearly 85% of the students feel happy in school.

Don’t forget International Health Insurance 

Expat Financial offers several different international health insurance plans for expatriates across the world. We offer plans from several different international health insurance companies that are designed for foreign nationals living outside the country for which they hold a passport or some local national living outside the US or Canada. We also offer excellent service before and after you purchase your international health insurance plan. If you have 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.

Expat Tokyo - Why you need international health insurance?

The ultimate packing list for long-term relocation abroad

Top 7 Packing List for Expatriates Relocating Abroad

After you have done your research on your destination country’s healthcare, housing, and job market, you are ready to pack and move. The process of packing and loading can be very stressful and tedious. In this article, we will discuss our top 7 tips for creating the ultimate packing list for long-term relocation abroad.

1. Important Records and Documentations

Pack important records and documents such as airline tickets, passports, visas, your children’s school records, shipping documents, medical records, etc. in a safe place. Some crucial documents require both the original and a copy for each of your family members. Please make sure that you have packed you and your family’s:

  • Birth certificates
  • Passport and Visas
  • Medical records
  • Health Insurance documentation
  • Mediation Prescriptions
  • Credit Cards
  • Immunization records

2. Medical Supplies

Pack medications that you may need as soon as you step on the new city. If you have a medical condition that required continued medication, make sure you pack enough medical supplies. This will save your time and money in finding new substitutes in a new country. Other essential medications include:

  • First aid kit
  • Anti-allergy medicine
  • Prescription medicine
  • Water purification tablets
  • Tylenol for Children’s fever

3. Electronics

Proper electronics will be a necessity during your trip and expat life. Please check these essential electronics before you go:

  • Flashlight
  • Camera
  • Home appliances (optional)
  • Laptop
  • Voltage converter
  • Portable charger
  • Smartphone
  • Headphones

 

4. Clothes

It is important to not only know where you are moving to but also what activities you want to do in your new destination when packing clothes. Below are the suggestions:

  • Sunscreen and sunglasses
  • Dresses or Suits
  • Bathing suits
  • Pyjamas
  • Sewing kit
  • Disposable towelettes
  • T-shirts
  • Winter coats
  • Socks & Jeans

5. Shoes

When packing, it is important to consider what footwear will be most appropriate for your various activities and destinations. Whether you are going to a meeting or hiking Kilimanjaro, it is critical that you plan ahead so you don’t find yourself wearing your trainers to close that deal.

6. Place Large Signs on Household Goods

For those who are packing heavy furniture, place large signs on these appliances. For example, if there are some items that you need immediately in your new home, place a “FOR IMMEDIATE USE” sign on it. This will keep you organized on moving days and avoid any complications. Your new employer abroad may provide you with relocation assistance.

On departure day, remember to close and secure all windows and doors, clean and vacuum the house, turn off lights and electronic appliances, and check all the closets, storage areas, and drawers to make sure that everything has been packed. Make sure you also have your mail forwarded.

7. Don’t Forget International Health Insurance

Perhaps we are biased, but you should definitely remember to purchase an international health insurance plan to fully cover yourself and any dependents who will be living with you abroad. A global medical plan cannot only cover large medical expenses, but it can also cover you for preventative health and medical tests that can help you maintain you and your family’s health. This is especially true of many countries where most local public healthcare facilities may not be up to western standards. Without an appropriate international health insurance plan, expatriates could end up receiving large medical bills that could put their financial status at risk.

Expatriates living and working abroad will benefit from an international insurance plan with day-patient care and full hospital coverage, extensive cancer coverage, dental and vision care, international medical evacuation and repatriation. Please contact us today for a quote and to discuss your expatriate insurance requirements. We look forward to hearing from you soon.

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 Tips for School Groups Traveling Abroad

Are you preparing for School Group Travel Abroad? 

There are many exciting opportunities for students to gain international experience while working towards their degree or for high school student groups going abroad on short school trips. Many universities provide either an exchange program or field school, as well as short-term summer programs. If you wish to spend one or more terms on an external program such as volunteering overseas, international employment, school group travel, international Co-op, etc., it is critical to making preparations, such as obtaining a travel medical coverage. In this article, we will provide seven tips for students and school group leaders when preparing for a short or long-term trip overseas.

 

Tips for Students and School Leaders 

  • Vaccination is critical for school group travel overseas. Many universities require standard immunization before arriving, especially for students who come from countries identified as having more infectious diseases and outbreaks. If your school group is visiting the USA, you may be required to complete a TB screening test.
  • Research your destination country for travel advisories and healthcare facilities. No matter where your school tour intends to travel, make sure you check the Travel advisory sites before you leave. This is because a travel advisory may affect your travel health insurance. In some regions, healthcare facilities may be limited. It is critical to understand any terms and conditions in your insurance policy for medical claims made for injuries in your destination country.
  • When selecting a travel medical insurance plan, you should make sure that the plan provides continuous coverage for the duration of your stay. It is also essential to check whether the plan pays for foreign hospitalization and provides the up-front payment of bills.

  • Be sure to obtain an emergency medical plan with a 24-hour/7-day emergency contact number in your language for health care providers in your destination country. Medical evacuation coverage is critical, especially in regions where medical care is not up to first world standards. Ensure that your medical insurance provides coverage for medical evacuation to the nearest location with appropriate medical care from your destination.
  • Preparing your school members for travel is essential, so it makes sense to plan ahead and also bring a first-aid kit. Travelers with any chronic medical conditions such as diabetes, high blood pressure or other problems need to carry medications with you on your trip. Moreover, it is always recommended to bring an extra prescription in case you want to extend your trip or have a delay.
  • Regardless of where you are going, you school members should always carry your prescription copies, allergy medication, antibiotic ointment (for more remote areas), sunscreen, etc. It is recommended that students consult a healthcare professional for some extras you should carry if heading to more remote regions or areas.

Bring Student Group Travel Medical Insurance with You 

And finally, with appropriate planning before a school group trip, your students enjoy their travels abroad without worrying about the costs associated with dealing with the unexpected injury or illness while on your tour. Expat Financial is a key resource for students who are going abroad to travel, attend a foreign university or volunteer for up to 1 year for emergency medical expenses. Here are two travel medical insurance plans that we can provide to students living outside the USA:

For students who are studying abroad and require a global medical insurance plan, we offer several international health insurance plans from several global medical insurance providers which are perfectly suited to studying abroad and offer excellent rates for young students, but not school members who are based in the USA.

Check out our international student health insurance plan and discuss with us your student health insurance requirements today. If your overseas education facility would like to discuss offering a plan for its students or even the expatriate staff, please contact us to discuss a group plan.