Expatriate Health Insurance Blog
Monday, October 23, 2017
Filed Under: Blogging
One reason volunteering abroad has increased in popularity is because of the recent rash of natural disasters occurring over the past few years. Hurricanes, earthquakes, and other incidents have led volunteers in large groups to areas like Haiti for long-term rebuilding missions. Simply staying for a few weeks to help clean up after a disaster is appreciated, but more and more people want to be part of long-term rebuilds, helping these countries and communities build new housing and schools.
These volunteers may be part of churches, charitable organizations, or other groups. Because they are part of a group going over en masse, they may qualify for expatriate group insurance, which can be a huge money-saver. It can save individual members of the group significant amounts on their insurance costs.
Think of the insurance pan you use in everyday life. Your employer probably provides it, and the reason for that is that they can get a better rate based on their size. An insurer would rather have the guarantee of 200 plan signups rather than just 1, so to incentivize that large employer to provide group coverage, they offer discounts which get passed on to you. The same principle applies to expat coverage. You can leverage the size of your group to get a more favorable rate, saving you money on an item you need for your stay.