• Expatriate Health Insurance Blog

  • Monday, July 24, 2017

Expatriate health insurance plans for groups apply to companies that have several employees working and living abroad. These companies are exposed to huge financial consequences if their employees are not protected against the risks they are facing in a new country. Therefore, as a business, it is impossible to overlook the importance of insurance plans for expatriates in order to avoid considerable financial losses.

Choosing the Right Insurer and the Currency
Although it may sound simple, it is not easy to establish the most adequate insurance provider in this field. The temptation to use domestic plans is great, but when it comes to expatriate group insurance, a domestic insurance provider cannot effectively help you. As a result, any organization that wishes to protect its employees in another country needs to choose an insurer specialized in expatriate insurance products and are licensed to function in the respective country. Also, the currency used for payments is very important as it is always best to have payments made in a stable currency.

What to Look for in Expatriate Insurance Policies
The type of insurance plan a company chooses is very important, but it depends on many factors. In case of groups, these factors need to be analyzed carefully so that all expatriates are covered according to their individual needs. Accidental death and dismemberment, long- and short-term disability, emergency evacuation, repatriation of remains, and maternity costs are all aspects that should be attended to. There are a variety of expatriate health insurance plans for groups that can serve an assortment of requirements and expectations, but attention to details is still very important.

Assuming that unfortunate things won’t happen to you is not the way to protect yourself and your family from risks. As an expatriate, the risks you are facing are higher than usual and you should never consider that the importance of expatriate health insurance is overrated. Nonetheless, you ought to pay attention to a number of aspects when you are considering overseas health insurance coverage and here are some examples:

• Geographical coverage is very important since some insurers do not cover a number of high-risk travel regions.
• Benefits that are directly related to hospitalization and benefits that are considered non-related to hospitalization
• Dental treatment and maternity benefits
• The extent of coverage for chronic conditions
• The extent of emergency evacuation coverage
• Insurance coverage for pre-existing conditions
• The list of exclusions of your expatriate health insurance
• Repatriation of remains in case you wish it to be included
• Overall medical benefits compared to similar insurance providers
• Coverage for war or terrorism related risks

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