For those choosing to move abroad, finding a medical insurance policy which is affordable, can be an important step in setting up your new life.
This guide will talk you through some of the things you should consider when taking out medical insurance for use abroad.
Expat Health Insurance (as it is otherwise known) is a medical insurance policy sought by UK nationals looking to seek private medical care when they move abroad permanently. Expatriate Medical Insurance, as well as International Medical Insurance, is not the same as a ‘travel insurance’ package, which you might buy for a holiday. Travel insurance is more of a generic term which may not necessarily cover all of your medical insurance needs abroad. However, it may also include some additional protection for your valuables, passport, baggage loss etc.
Please Note: At the time of writing, EU countries (including Iceland, Norway, Liechtenstein and Switzerland) offer expatriate healthcare to EU citizens. However, this may not mean ‘free’ healthcare. If applicable, your European Health Insurance Card will give you access to healthcare for the same price as a citizen of that nation. This card will also cover you for emergency care and necessary treatment only.
International Medical Insurance or Global Medical Insurance (as it is also known) is slightly different to both expatriate health insurance and travel medical insurance. These policies are for those who travel frequently to many other countries and need a comprehensive plan to cover their medical expenses abroad. Many expatriates will also think about taking this kind of insurance, to cover them for the period of time where they cannot yet access their local state or private healthcare system.
Usually, providers of this type of insurance will divide cover into regions. The US, as an example, generally has high medical costs. Therefore, travellers who never go to America, but are seeking medical insurance for use in other countries, can choose to skip America coverage and in turn, lower the price of their premiums (in some cases).
Some of the treatments covered in an international medical insurance policy include;
David is a UK citizen and operations manager for a global pharmaceutical brand. He has been given the task of setting up new company offices in Colombia and Bangkok. First, he will stay in the Colombian capital, Bogota, for six months, to complete the set-up and after that, he will spend another six months in Bangkok. David is looking for International Medical Insurance, as opposed to Expat Insurance, because he needs a medical policy which is portable.
After searching online for an impartial advisor, he was pointed to an International Medical Insurance policy which he can also use to pay for private healthcare when he returns to the UK. His international health plan also includes a renewable guarantee, meaning that he can make as many claims as he likes on insurance. He also chooses to include evacuation coverage, in-patient and outpatient care.
There are many different expat health insurance policies and levels of cover within these policies. As a starting point, you may want to consider insurance for the following;
Finding medical insurance for use abroad can be a complicated process. One that requires careful research, whether you are permanently relocating, or travel frequently around the world. To ensure you find the right health care plan for your needs, it is advisable to speak to a specialist insurance broker in this field. Get in touch with an expert today, all you have to do is fill out a short form and an advisor can offer you a free, no-obligation quote.
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* Medical insurance from 95p per day is an illustrative figure only and may not be available to you. The figure is based off of a 25 year old with no previous health issues taking up a Priority Health policy from Health-on-Line with a £100 excess. Figure accurate as of 17/08/2016.
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