• Expatriate Health Insurance Blog

  • Monday, February 19, 2018

When you are living, or planning to live, away from your home country for an extended period time, it is important that you have expatriate health insurance. These kinds of policies are created to cover medical expenses incurred when you are away from your home country. Whether you are away for an extended period for your job, or simply and retiree soaking up the sun in a warmer climate, you will need to have medical coverage. People become ill and have accidents wherever they are and it is important to be prepared for the unexpected.

If you are away from your home country for your employer, hopefully you are covered under a group insurance policy. If you are not, it is pertinent to obtain your own individual international medical policy. This type of policy will cover you in the event that you have need of medical services, and many policies include evacuation clauses.

A majority of policies for expatriates provide global coverage. This can be especially advantageous if you frequently move or travel from country to country. This is a big difference from local coverage that covers you only within the boundaries of the country you live in. International coverage allows you to take your medical insurance with you.

As with most any health insurance, most carriers base premiums on the age, health and scope of coverage. Most offer worldwide coverage, or worldwide excluding the U.S., since U.S. health coverage is the world’s most expensive. Having expatriate health insurance is a wise decision that helps keep you healthy wherever you find yourself.

The importance of expatriate health insurance cannot be stressed enough. People choose to live and work in countries other than their places of origins in order to have a better life. Therefore, all risk factors that may affect their well-being should be covered in one way or another. Health involves most risks and the risks start the moment you are embarked on your way to your new country.

Expatriates or expats must carefully weigh all risks waiting ahead of them when they decide to move their lives to other countries. Risks are lurking everywhere, but when you are in your own country, at least you know where they might come from or what you should do. You also have family members or friends who can come and help you or do whatever has to be done. In a foreign country, the situation is very different and insurance is no longer an option, but a necessity.

Expatriates often move with their families as well, and consequently, expatriate health insurance should be considered for the entire family not only for themselves. Safety issues may vary from one country to another and your insurance policy should address the particularities of each destination. Again, the exceptions also vary from one location to another and you should carefully study the terms and conditions of your insurance in that respect.

Expatriate health insurance can cover anything from medical transport expenses to return of remains or funeral costs. It is recommended that you cumulate several insurance types within one policy for better and more competitive rates. In addition, it is even better to get your insurance done through a broker who can provide you with several options.

The expatriate health insurance is one of the many forms of international insurance. It is especially designed to provide financial protection for individuals who reside and work, permanently or temporarily, in a region or country other than their upbringing or legal residence. With the increasing international mobility, more people work and live outside the boundaries of their countries of origins. Therefore, expat health insurance should be properly considered.

Many people know what an expat health insurance covers but not many people are aware of the common exclusions of such an international insurance policy. Exclusions are included in the expat health insurance so that the underwriter only covers very specific losses. International insurance plans will always include exclusions for fundamental risks. Fundamental risks are risks of which there is no chance of recovery. 

In general, insurance providers will not venture to cover losses caused by acts of war, terrorist acts, military actions, or other civil commotions, nuclear explosions and resulting fallout, or contractual liability which the policy holder has assumed under an agreement which wouldn’t have arisen under normal conditions. Each insurance provider has specific exclusions for each policyholder and destination.

With expatriate health insurance policies, the same principle applies when it comes to exclusions. Many providers would word the policy so that no losses caused directly or indirectly as a result of fundamental risks would be covered. The concept of proximate cause becomes crucial for international insurances of any kind including the expat health insurance. This is the way insurers make certain that they only cover clearly specified losses caused by particularly stipulated risks.

Expatriate health insurance owners who have decided to live permanently abroad should work in an occupation that they enjoy. This is to allow them to have fun while working, thereby lessen the amount of stress they can get from working. This actually applies to everyone.

It is a known fact that stress can lead to the deterioration of a person’s health. In order to prevent being sick, one should always strive to make his daily activities as stress-free as possible.

For a person living outside of his home country, being sick can become one of the worst experiences. This is why for an expatriate, getting sick should be a next to nothing occurrence.

However, not getting sick in the duration of a person’s life is an impossibility. In cases where an expatriate does get sick, he can always count on his expatriate health insurance to help him shoulder the expenses of medication and healthcare.

American and British expatriates living in Turkey were recently in a rush to get themselves an expatriate health insurance policy. This is because of a new law in the country, requiring them to register and pay for a health insurance.

If an expatriate is unable to comply with this requirement, he will then be fined with more or less $500. Confused Britons and Americans sent their respective consulates with emails regarding the process of registration or if there might be a way to avail of an exemption.

Those expatriates who already have an expatriate health insurance from a private provider are also asking if they still need to register and pay for the health insurance provided by the government. There were also those who went straight to a near Social Security office to have themselves registered.

The confusion resulted in long hours and long lines of expatriates in Social Security offices. Office workers who did not know about the expatriate health insurance and registration requirement either also added to the confusion that was already happening in these offices.

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