If you are an expatriate, or just visiting a country abroad, living abroad insurance can protect your financial security and provide peace ofmind. The insurance is ideal for those who have frequent travels and long stays, as well as for families.
The process of choosing an international medical insurance policy can be complex, so it is important to understand the details prior to making a purchase. By choosing a reputable insurer, you can ensure your peace ofmind while abroad.
Expat/Expatriate Health Insurance: A Basic Overview
It can be a great experience to live abroad, but there are also challenges. You may have to learn a different language or adapt to a different culture. You might also have to learn how to pay for private hospital treatment or use the public healthcare system.
It is therefore best to get an international medical policy that covers your medical needs both abroad and at home. Typically, these policies are available in several formats and can be tailored to suit your specific needs.
How to Purchase Expatriate Health Insurance
Expat plans offer additional benefits including dental, vision, accident and critical illness. In addition, some international health insurance plans offer emergency care and evacuation as part of their benefits package.
US Citizen Health Insurance Overseas
You may qualify for Obamacare compliant medical insurance if you are a US citizen traveling outside of the U.S. There are some exceptions to the requirement.
IRS Physical Presence Test: A US Citizen that is physically present for 330+ days in a country abroad per year can qualify. The Bona Fide Residence Test is another exemption available to US citizens.
You should look into international medical insurance as soon as you can, if your are a US national who lives and works in another country. You'll avoid having problems with the visa office, as well as paying out of pocket for expensive medical bills.
A specialist in international health care is your best bet for finding the right insurance policy. This can be a trusted advisor who can help you determine your exact needs and recommend a suitable plan to meet those requirements.
It is important to compare the prices of expat medical insurance plans. You should also consider your age and health status. This will help you to choose the right policy for you and your family.
How to buy an expatriate health insurance plan
There are several ways to buy international medical insurance, including online, over the phone and in person. You can get quotes from local insurance companies or speak to an international health insurance expert.