A move to a different country can be motivated by a number of reasons, such as retirement, a change in employment or the desire for a family. There are many factors to take into consideration when planning a major move. The most important are the location, your home or apartment and the cost of living.
When moving to a different country, Expatriate health insurance is an important consideration. It is important to have your expat insurance in place before moving overseas. This post will cover the important factors to take into consideration when looking for international health insurance in a foreign land for expatriates, their families and friends.
Why do expats need international health insurance coverage?
International health insurance, unlike your local coverage will help cover your insurance needs internationally. You may not be covered by national health coverage as an expat living in a foreign land. This means that you need private health insurance for the costs of medical care, whether it is at a public or private facility. It is highly recommended that you have at least major medical insurance due to the high cost of overseas medical treatment.
Foreign health insurance allows you to customize the coverage area, benefits, restrictions and coverage levels. These ideas can be tailored to your budget and requirements.
When shopping for foreign health care insurance, what to look out for
There are many factors to take into consideration when shopping for health insurance. Below are three key points to keep in mind during the process.
Your needs
Consider what you would like covered by your foreign health insurance before purchasing it.
It is also important to consider how often you plan to travel. It is important to have global coverage if you travel frequently around the globe. You can choose to only be covered in a certain area if you are planning to spend the majority of your time there. You can save money by limiting your insurance coverage.
What is the cost of healthcare in your destination?
Research the healthcare and hospitals in your destination. Assessing if your new home has the right facilities is important. Also, you should know how much services will cost. We can answer any questions you have about the cost of medical care at your new destination and advise on appropriate policy limits.
Constraints and benefits of policy
You can choose the right policy limits by knowing the costs of healthcare in the new country. We recommend purchasing coverage that has unlimited or high limits to ensure you are covered for emergency care. This will prevent your insurance from being maxed out within days of an accident.
