Expatriate Health Insurance Blog
Tuesday, September 19, 2017
Filed Under: Blogging
Are you one of those who have been nursing the ambition of becoming an expatriate or expat? There are some things you ought to understand about who an expat is and how to become an expatriate. This article will shed light on who an expatriate is as well as how you can become an expat if you so desire.
If you have chosen to travel abroad or you have decided to live and work in a non-Western country like Asia, South America or African, you are an expat or expatriate. The fact that expatriates do not plan on residing permanently in their new country of residence make them different from their immigrant counterparts, and even if they do, for practical purposes, they plan on retaining their native citizenship. By disparity, immigrants frequently plan on living in a new country and getting permanent citizenship there.
Expats in their new host countries often form their own communities. In South-East Asia and Africa that are popular with expatriates, there are often services like cafes and hotels that provide specially for the requirements of the local expatriate group of people. Assisting the expatriate navigates the occasionally confusing world of long-term visa and work permits; national and local governments may also be able to proffer resources and necessary information to prospective expatriates. As the governments of many developing nations view expatriates as stable financial base, they are always happy to encourage these expats with steady source of income or decent liquid assets.
However, as expatriates are not a part of the armed forces, do not pay into the tax base often and may not fully integrate themselves into the local culture, some groups in popular expatriate destinations consider their community to be a negative force in their country. However, a lot of expatriates offer back immeasurably to the countries hosting them by using their understanding of citizens from their native countries to assist in expanding the tourist industry, using their relative wealth to support local businesses and infrastructure and to mitigate many of the negative effects that tourism might have.
There is a decent sized expatriate community in almost every country of the world. For this reason, a lot of people who want to travel abroad to work as an expat will want to associate themselves with that community. Many of these communities have local meeting places or websites where they share contacts and tips.
There are a lot of myths and misconceptions about expatriates particularly when it comes to expat lifestyle. This article will identify few misconception or myths about expatriates.
There is the misconception that the expatriates are rich and buoyant financially. As a matter of fact, expatriates are no other persons than teachers, programmers, waiters, wives, husbands, bankers, taxi drivers and construction workers among others. The expats are not as rich as you may think but also struggling all the time to make ends meet.
Another misconception is that expats hate traveling to the United States of America. This is not true because many prospective expatriates are looking for opportunity to travel to America to work as an expatriate. They acknowledge the fact that things are far better in America than what you read in the US media concerning the situation there.
There is also the misconception that you must have a college degree to travel abroad and work as expatriate. This is not true because many expats have traveled abroad with only their high school education certificate or a GED. If you possess the TEFL certificate, you can teach English as an expatriate.
Another misinformation is that you must understand the local language and culture of that country before you can serve as an expatriate in that country. Although it is good to understand the local language and culture of the place, it is a matter of choice. As mentioned earlier, where English is not the first language, it is imperative for you as an expat to learn the local language to be able to integrate.
Another misconception about expatriates traveling abroad is that traveling abroad is dangerous. People spread bad news and reports of various kinds such as plane crash. They will never emphasize on planes that land safely. This is not true as there is nothing dangerous about traveling abroad to work as an expatriate.
It is a wonderful idea to be an expat and it is based on this note that I am encouraging those who have the opportunity to consider being expatriates. You will have the opportunity of learning a new language different from your own and fit into a new culture to learn the customs of that new culture. Forget about all this wrong notions about expatriates now and make use of the next opportunity that might come your way.
A virtual expatriate employee is the one who works and lives in a different country to that of his or her employer. They carry out their assignment somewhat by the use of their computer as well as the voice over internet protocol – VoIP, email and the internet. This will let the employee carry on with their employment and allows the employer to maintain specialized niche skills. However, when the couple both has high level or very specialized jobs, this is particularly difficult. A growing number of expatriate spouses are turning to virtual employment with the benefit of technology.
The impact on the career of the spouse is one of the most common issues faced by expatriate couples. Specialized jobs similar to what the spouse had previously held simply do not exist in many expatriate locations. When moving to another country, this can be a serious issue. The prospect of having outdated skills on returning home, the potential loss of earnings and the adjustment to becoming a stay at home spouse can become issues that bring an expatriate assignment to a premature ending.
For an employee to work as a virtual expatriate, employers should carefully consider all aspects of a request. The aspects of a request that the employers would like to put into consideration are the company policy, process or precedent as far as previous requests are concerned, who will be responsible for the office running costs – computer, utility costs and internet connection among others, how will the work of the virtual expatriate be monitored and how will the organization measure their performance?
Others are that whether the time zone of the host country is conducive to keeping contact with the virtual expatriate or not, the type of policy that the company will employ as far as spousal employment is concerned and whether or not there is appropriate working space at the home of the employer in the host country among other aspects of requests.
Virtual expatriates are typically paid in the same way as any other non-virtual expatriate employee, from an international assignment point of view. However, the employer has the benefit of not paying considerable premiums or benefits which are likely to be granted to the spouse who is already employed in the assignment country. Such benefits like housing, flights home, medical, transport and the education of children are likely to be already offered to the non-virtual expatriate by their various employers.
On the other hand, differences do exist between virtual expatriates and non-virtual expatriates. Regarding a virtual expatriate, the employer does not have a presence in the country where the employee resides. This makes it a challenge to the employer in registering the expat to pay social security contributions, local tax as well as ensuring compliance with the local employment laws. Although, the believe is that a lot of employers still close their eyes to these issues and persist to pay employee in their home country, if the local authorities in the host country become aware of it, this can be risky.
Filed Under: Blogging
With the expatriate medical insurance, you will experience soaring medical care because the majority of the international private insurance for expatriate specialist providers provides diverse kinds of first class insurance products for family, individual and company cover. There is nothing we can equate with health, and that is why “health is wealth”. All you have to do is to select your expatriate insurance travel or medical insurance plans more carefully. Wherever you go or whenever you travel abroad, make sure you invest in the correct place and profit with the first class expat medical treatment.
Private health insurance plans or expatriate medical insurance normally covers all medical expenses incurred in the course of treatment in private clinics and hospitals. Ordinary medical insurance may not provide you with prompt treatment unlike the private health insurance due to the fact that program there is a rapid increase in the demand for medical treatment for acute illnesses and injuries.
Becoming an expat does not necessarily limit you from acquiring quality and excellent hospitality services as well as medical treatment because obtaining an expat private medical insurance plan serves you the same purpose while being away from your home country. The fact that one can access wide range of first-class health care services overrules all the odds as the health financial experts around the world agrees that private health insurance plans are expensive and have limited coverage area.
The terms for expatriate health insurance for private plans may differ slightly from domestic private plans for the reason that one of the fundamentals for expat private health insurance holder is to think about the country you are traveling to at the time of choosing the policy. This is for the reason that most countries have diverse healthcare costs and standard of treatment.
With the private health insurance plan, you are technically eliminated from the hassles of long queue, even though the notion of waiting in line for treatment can be practically frustrating and time wasteful. In the midst of the expatriate health insurances for expats, private insurance plans are those of the most suitable options because patients more often than not seek private specialists and hospitals of their choice. At the same time, depending on your coverage plan, a private patient usually gets access to private room with other benefits and suite accommodation.
On the average, the majority comprehensive insurance service provider provides expat private medical insurance plans or expatriate medical insurance for the customers who have a preference to avail quality and luxurious medical treatment. However, the policy of visitation may be governed by the hospital authority although the family members of the private patient are clearly allowed to stay close to their ward.
For you to be a private patient may offer you the benefit of getting a dedicated health consultant throughout your treatment, not only that most private insurance plans include special treatment which are otherwise absent in a regular health plan like fertility treatment and testing.
Filed Under: Blogging
If you are planning on becoming an expatriate, don’t sit back on your ordinary insurance. However, the necessity for procuring expat insurance equals to the quest for the Holy Grail, if you are an expat or planning on becoming an expatriate. In other words, securing your future even at the time of death is of great importance for the sake of your loved ones and family members as nobody can predict when death will strike.
One of the best ways of assuring your freedom even during unforeseen times is buying a life insurance which is not just doing a favor to the financial market but also a good thought on investment.
Your family and children will not bear the brunt of unpaid taxes for your estates or properties and other settlement costs, with a life insurance plan in hand. As a matter of fact, it protects your future and frees you from outstanding debts like credit cards balances, mortgage and other loans. A number of plans also cover the whole or part of medication expenses incurred in the course of your treatment from severe ailments or prior to your death.
There are three types of personal types of life insurance you can buy to protect you as an expat. These are; Whole Life, Term Insurance and the Universal Life which depend on the benefits, term of payment, duration of the policy and features. Therefore, before moving to another country, taking expat insurance is the best alternative for an expatriate. Once you become expat, the terms and conditions of your ordinary life insurance policy may cancel the cover. The life insurance for international travel is devised on the basis of nationality you belong as well as the country you live.
Certain criteria like morbidity and mortality of the country in question are being taken into consideration by insurance companies upon your application for life insurance for international travel. Your liability will then be calculated on the basis of the work you do, where you live, your medical history and age. With these features, it will be made possible for the insurance company to come up with possible chances of contracting disease or other illnesses specific to the region of your migration as well as possible time of death.
However, the predictability for the same reduces when you are in a different country, while the morbidity and mortality while you are within your country is apprehensible. From all indications, this is why the majority of insurance companies available always decline taking the risk when the insurer moves out of the country, but for you to have expat life insurance or expat health insurance.
Expatriates are temporarily placed in the host country and they plan to return to their home country nearly all the time, so they never adopt the culture in the host country while immigrants on the other hand have themselves compelled to becoming part of their country of residence for the most part. The challenges are multi-fold when you hire an expatriate due to the fact that offering positions to employees outside their home countries raises both tactical as well as strategic issues for all global firms.
This is because global firms want to know whether overseas assignments are right for their business, how they can accommodate or reduce the related costs as well as whether or nor an expatriate will be a better choice to them than a local hire.
If an expatriate is a better choice, the challenges will then be; how to charge income tax, mode and currency of payment for these expatriates and how to protect them in case of exploitations.
On the other hand, various firms employing the services of expatriates must consider how to select the right people for the assignment, manage the performance and communication issues as well as ensuring that expatriates are successfully repatriated or reassigned at the completion of their assignments at the tactical level.
More often than not, you are hiring the expertise, knowledge, culture, values and social beliefs, when you hire an expatriate.
Using my own experience as an illustration: We had 2 and 5 expatriates respectively in my previous two companies and they never mingle with other people and generally try to be on their own for the most of the time. Some of them considered this to be a punishment to them in their own opinion.
Issues and challenges of handling expatriates are all about global experience. For instance, it was discovered in one survey carried out in 2005 that the number of expatriates is increasing every now and then, despite the move towards the using of local employees, most especially in the markets.
The increase in expatriate numbers can be made clear by the need for universal leadership growth within multinationals that heartens key talent to acquire intercontinental knowledge. On the other hand, there is an increase in the use of employees with no home country (nomadic employees).
Culturally and strategically, handling expatriates still remains a challenge. However, the key is Cross Cultural adaptation while some legal protection should be in place for expatriates from both host and parent company.