• Expatriate Health Insurance Blog

  • Monday, February 19, 2018

What do expatriates do when a serious medical emergency arises? The kind that dictates you return to your home country? How do you get back and how do you afford it? The answer lies in expatriate travel insureance.

There are simply some times when an injury or illness is so severe that expatriates must return to their home country for care. These types of instances may be rare, but you certainly don't want to be stuck in one. These could occur because of a serious accident, a natural disaster, or a severe illness. In these instances, the care you receive from the doctor in your native land, as well as the comfort and support of your friends and family may make it worth seeking medical evacuation services.

The problem is that medical evacuation can be very expensive. The crew that works on medical evacuation flights is highly skilled, so their fees can be very expensive, even beyond normal hospital service since working in a medevac helicopter takes a unique set of abilities. And your typical health insurance plan may not cover it.

Expatriate travel insurance will help you get the medical evacuation service you need at a price you can afford. It absorbs the bulk of the fees associated with medical evacuation insurance, leaving you with only a small portion (if any at all) to pay out of your own pocket. The net savings from this simple investment could be in the thousands of dollars. Isn't that worth a simple purchase of expat coverage?
An investment in expatriate travel insurance is a wise purchase for anyone heading abroad to live or work. It offers expatriates the ability to obtain high quality medical care at affordable rates, allowing you to visit the doctor or hospital in times of illness or injury without worrying about being handed an expensive bill as you leave. But are you getting total protection out of your plan? To be covered in every potential travel mishap scenario, you need to add trip cancellation coverage to your travel plan.

When delays, flight cancellations, and missed connections occur, you the consumer are quite often the one who ends up paying the price, even if it was not your fault. Many airlines strict policies against issuing refunds or credits leaves passengers in a tough spot even when delays are caused by weather or mechanical problems. And paying for a new flight, booking another night at a hotel, and losing investment in any events you may have already bought tickets to can be extremely expensive.

Conversely, there are also times when a missed flight could be your fault. You may schedule a business trip that a client cancels at the last minute, or you may have an unavoidable personal emergency that makes it unrealistic for you to leave. Once again, cancelling your flight and anything else you have booked can be a very expensive proposition.

Trip cancellation insurance was designed with these scenarios in mind. If a connection is missed or a flight is delayed or cancelled, you can obtain reimbursement for your lost investment. This is true whether the delay or cancellation is your fault or the airlines. Think of how much this could save you! It can be added to your existing expatriate travel insurance policy for a low price, offering you robust travel protection on everything from medical needs to airline troubles to lost baggage.
As an expatriate, or someone planning to become an expatriate, you may already be aware of what an important and valuable investment expatriate life insurance is. There is perhaps no better way to make sure that if tragedy strikes you, the loved ones you leave behind will have the financial support they need, even without the benefit of your income. But many people are unsure of how to correctly determine just how much insurance they need. Here is some advice on that subject.

First off, keep in mind that the goal of life insurance is to provide financial support when your normal means of support become unavailable. So if you die, for instance, how will your family pay their bills without your income? With that in mind, a good place to start is by making a list of all of your family's expenses. This should include large expenses such as mortgage or rent, and car payments, as well as smaller ongoing expenses like your monthly utilities or your credit card bills. Even small bills can add up to large expenses.

Calculating your expenses will help show you how much your family will need in order to pay the bills. Next, consider any assets you have which might be able to help them cover those expenses. Anything from stocks to bonds that can be cashed in to help handle the financial burden should be included. Now you can figure the difference between what rneeds to be paid and what resources are available to you. Finally, add in extra for emergencies like auto repairs or household emergencies.

With an accurate picture of your family's financial situation, you can now determine how much expatriate life insurance you will need. It is important to go through this exercise, because guessing wrong could leave your family in a precarious situation. They will have enough things to worry about as they grieve your loss, so do some careful planning and make sure money is not one of them.
For many people, there is no greater duty in life than to take the message of their religion to another country and share the thoughts that bring joy to them with a new audience. Devoting your life to missionary work in foreign countries means putting your message ahead of material interests. But even though making money is not at the top of mind for missionaries, that does not mean they do not still have financial responsibilities to protect. One way to protect yourself financially while living abroad on a mission is with expatriate group insurance.

Missionaries are as susceptible to illness and injury as any other traveler. In fact, perhaps more so, as their mission often takes them to underdeveloped countries where the quality of water and air are low and communicable diseases more prevalent. And missionaries do not make much money, so paying for medical coverage is not an easy task if there is no insurance coverage to reduce the costs.

With an expatriate group insurance plan, a group of missionaries can band together to get a lower individual rate. This is similar to an employer offering group health coverage to their employees at a cheaper rate than they could purchase individually. Buying insurance in bulk allows for tremendous cost savings, and this type of insurance is especially helpful to church members.

Church groups may have very limited financial means to begin with, so being able to reduce the costs of a necessary expense is quite helpful. In fact, this type of insurance saves missionaries money in two ways; by buying as a group, they save in comparison to what they would pay individually, and if they need to use the coverage, they will save in relation to what they would pay for health care with no insurance coverage. It is the type of small investment that is perfectly suited for these groups.

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