• Expatriate Health Insurance Blog

  • Tuesday, November 21, 2017

Are you heading abroad to begin an exciting career in a new country? Or perhaps you are relocating for personal reasons, simply looking to grow personally by experiencing a new culture and a new environment. Whatever the driving force behind your decision to become an expatriate, you will definitely need expatriate health insurance. Here are some factors you will need to consider when making this important purchase.

One important factor to consider is how often you will be returning to your former home country. Will you be shuttling back and forth frequently between your old and new countries? Or will you be limiting return trips to holidays or other special occasions? There are different types of plans available for expatriates based on this factor, so getting the right plan is critical to making certain you have the coverage you need.

Next, consider how much coverage you want for your plan. Do you have another plan that is being provided by an employer, so you need less from this plan? Or do you need as much as possible from this plan as it is your sole source of insurance. These are important questions to ask. Keep in mind that the more coverage you purchase, the more your policy will cost. However, do not let that fact inspire you to take a cheap approach to buying coverage, as you may wind up with less than you need.

Finally, other factors you will need to decide that will affect your policy type and cost include your age, your citizenship status, how long you want coverage for and what sort of deductible you are willing to pay. Once again, these factors do influence the cost of your policy, but you should not let them steer you towards buying the cheapest available expatriate health insurance. Doing so could leave you with inadequate coverage, costing you much more down the road than you would have paid initially.

Health Insurance- Who’s Eligible for Obamacare?
As April 2014 approaches the new healthcare law reforms that were enacted by our current president will take effect. So this section covers who will be eligible for the reduced rates in insurance that are going to supposedly occur through Obamacare. If you are actually eligible for Obamacare you can see a greatly reduced bill when it comes to purchasing your healthcare insurance for yourself or for your whole family.
The biggest groups who will see a benefit from Obamacare will be those individuals right now who are struggling, which used to be the middleclass population. Individuals can get reduced rates and tax credits back even if they do not qualify for the government Medicaid program now. In other words this means you will be getting a boosting hand in order to help you pay for the costs of health insurance. This part of Obamacare does not come into effect until 2014 sometime.
The other part of Obamacare that will help families and individuals who are struggling is the fact that they will now be opening health insurance exchanges in 2014. This means that your health insurance might come from a different state that has lower health insurance rates than your state currently provides to the residents. You can even apply for Medicaid through the healthcare exchange in 2014. This means that many people will now be able to afford health insurance where before they could not because a basic plan costs an individual approximately 300 minimum in some states. This is a hard number to pay when an individual only makes 20k a year or 10.25 hourly on part time status jobs. This is the fastest growing number of jobs available to the public now days.
In sum this means that everyone in one way or another will benefit from lower rates except the rich people in America. They will still get a tax credit and not be taxed from having health insurance on their own. The old middleclass will eventually appreciate this change when it occurs in 2014.

Health insurance will be mandatory and there could be hefty fines if you do not have any coverage. So now is the time to do the legwork on the research of finding about insurance at a reasonable rate and that meets your individual or family needs. The most important people that will be affected by the law change regarding health insurance include the self-employed, the part time workers whose jobs do not offer health insurance, the full time people who are barely managing without health insurance and college students over the age of 25. These are the main groups will be directly impacted with the thousand or so dollar fine for not having coverage. Expatriate health insurance can help you find the right coverage in your budgetary needs.

Depending on the state where you reside costs for health insurance may be lower or higher than in other states. So you should shop carefully or inquire to your employer about what types of health insurance they are carrying or will be carrying if they offer full time positions. The law is only valid for those companies who have full time employees for some reason but it still requires that every individual obtain health insurance by April 2014. What this means for you is that if your company does not offer full time positions you should look for health insurance on your own time and dollar. If your company does offer full time positions then you might find that they are more reasonable priced since they more than likely contribute to your health insurance premiums.
Expatriate health insurance can help you find the right coverage in your budgetary needs. Even if expatriate is not right the company for you there is many other companies who are willing to help you find health insurance. Some of these companies offer a search on health insurance companies which give you multiple quotes.

Signed the contract, have the passport in pocket, your luggage already transferred and sold your properties, it means you have officially become an expatriate. While the decision has been made and is irrevocable, you must have some awareness about what career and jobs you have ahead. What else is your source of income in first jostling moments? Do you wish to get employed in the same field? What is the scope of employment there?
Speaking from experience, usually expats find it difficult to continue with their job in the same field as it is unsettling and different than the one you are accustomed to. However, if you feel comfortable with the salary and environment, you are more than welcome to keep on doing that. Nevertheless, if it makes you upset or unhappy, you should not fuss over giving a resignation letter. There are two clear ways for an expat; go the same way and be upset, or be brave and go out in the world to look for what’s new. Teaching, banking or owning a shop are some of the easy jobs that shall retain in any country you intend to settle in, but others are a little different as you visit every state of the world. Getting insurance plan, having an experienced citizen relative on your back and determination together can help you find out what other things you are good at. Moreover, if you are inflicted with the dilemma of being unemployed for a long predicted time; you always have the internet at the house. Search up a site and start freelancing. It is in fact, one of the best ways to have a consistent source of money to spend your days with. Freelancing can include anything as there are jobs that are related to almost every field.
Therefore, always know some tips to make use of when you are in your doubtful times.

Continuing from the last post, being an expat is a huge step that can either go right, or wrong. That said, I do not mean the entire expatriate process shall cancel and you will have to pay fine for careless steps, but rather the reckless moves can turn out to be severely problematic for you and your family. Hence, keep in mind it’s you who is leaving behind property, job, relatives and other possessions, to settle abroad, therefore any mishap will indirectly be your own loss. Have a look at the other few most important factors to consider when becoming an expat.
Usually, the companies and authorities processing your work provide a transport system for you. However, while all of them are considerably generous to an expat employee, you must make sure in the contract if the transport provided is permanent, can be used outside working hours, can be used for family trips, and if the family is covered for the expenses if they drive the car. Many authorities usually provide vehicle for working hours alone, hence check that out and fight to make amendments.
Next, make sure you write the correct marital status, meaning if you write single, it means it’s you who first settles abroad and then join with family, while getting married there or bringing along wife to start a family in the new homeland is the other option. Hence, you must be aware of the facilities provided by the country for education of children, whether the family members can work too and the insurance plan suitable to the type of home you intend to have. Lastly, you must also make certain that the contract you are about to sign clearly says the days per year for your work, and the pay per day. Also, if that pay includes the flights, in and out, along with tax and national holidays included.
The salaries, relocation and tax are some of the other factors to take into account before putting your signature on the expat employment contract.

Those expatriates, who do not have any relatives or personal guidance to help them through being an expat, and a proper one, should have a read of the article below. There are few important units that need consideration before signing a contract for expatriate, and some of these are discussed below.
First of all, you need to see whether the employment issue is cleared enough, and is written down according to your requirements put forward. The emphasis should be on the mutually agreed job description in your new homeland, the hours of work as well as the place of your concern, any condition for overtime working and entitlement you may receive after a certain amount of work. You must also clear your pay, for the casually said amount in interview often turns into denial. Next basic necessity to be properly considered is the accommodation you plan to dwell in with your family. However, you should not be satisfied with the wordings on the contract. Find out if it is an apartment, a shared house, a compound or any other important association with it. Also make sure you know the rent before-hand, along with any local tax you have to pay, or any insurance policy you might get. Some accommodation in foreign countries is used to fool the expats into getting one-year advance rent. These issues must be cleared before you sign at the bottom.
Moreover, your health comes as the next most necessary matter on the list. You must find out whether your new employer covers all medical expenses in his insurance policy. When the policy does starts and expires? Is your family covered in the plan if they go along with you on a business trip? Does it cover the expenses out of working hours? However, it is wiser to get a personal health insurance program, because an expat is likely to get fooled in the start.
These are few of the many factors to take into account. Keep reading for more!

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Overseas Expat Medical Insurance (limited home country cover)
Worldwide Expat Health Insurance (home country included)

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