Expatriate Health Insurance (Expat Health Insurance)

By: EconomyWatch Content   Date: 23 February 2010

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Are you planning to move overseas? If yes, then the first thing to consider is expatriate health insurance.

Even if your employer provides you an insurance plan that covers you internationally, the chances are that your family is not covered by the plan. Therefore, for people shifting with their families, a dedicated expatriate health insurance policy becomes even more important.

Making the Right Decision: Expatriate Health Insurance

People moving overseas need to assess the coverage and flexibility that expat health insurance offers. After all, you do not want to live with the illusion that you are protected only to find out that your international insurance plan gives you just the basic coverage, which is manageable through your own resources. Therefore, study the complete deal before making any decision.

Mentioned below are a few options to consider while looking for expat health insurance:

·        IHHP Health plan: Issued by Bupa, which has financial strength ratings of A+ from Fitch and A2 from Moody’s, the IHHP health plan offer one of the most comprehensive coverage. Consumers can opt for basic coverage and add more coverage as and when they wish to. The coverage also includes chronic diseases, if they are listed at the time of applying for this cover.

·        Global medical: This coverage is available on an annual basis and the plan comes with three options. The plan has enough options to suit all budgets and offers coverage of up to $8,000,000.  The best thing about this coverage is that one can buy coverage while in America, even one month before leaving the country.

·        Citizen Secure: This plan comes with a high coverage of $5,000,000 for any place in the world, except the US and Canada. It comes with a variable deductible option and covers both hospitalization as well as outpatient expenses. The plan also comes with a stripped down version that is more economical.

·        Global Citizen: This plan suits people moving for shorter periods of time. Consumers can get coverage for as short as 6 months and for approximately 160 countries.

Consumers can also consider brokers for expatriate insurance, if they are unable to locate a good deal for themselves. However, the brokerage may increase the cost slightly.


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