subject: Finding the right expat Insurance for you and your family [print this page] Finding the right expat Insurance for you and your family
If you are an expat living or working abroad it is important that you choose the right international health insurance for you and your family. It provides the much-needed peace of mind that you and your family will undoubtedly need when moving to a new country. There remains a huge array of different plans on offer, so don't worry if you feel somewhat overwhelmed by it all.
When first entering the world of international health insurance, it is important that you decide upon where you and your family shall be based, as well as how often you shall be travelling from your decided country. Insurance companies normally divide the world into three areas in their cover plans: Europe, the rest of the world excluding the US, Canada and the Caribbean and worldwide including the US, Canada and the Caribbean. The price of such health insurance will vary greatly depending on which part of the world you need cover in.
There exists a wide range of plans to suit most needs, varying from basic plans that supplement your already existing social security plans to premium plans that cover all eventualities. Basic health care plans should be adequate for minor illness, hospital care, surgeon and physician fees for you and your family. For more specific health related services such as post op rehabilitation, transplants, childbirth and prescriptions, you will be required to take a more comprehensive plan that will come at a higher cost.
When searching for the best expat health insurance plans make sure you are aware of any potential exclusions. On the whole most insurers provide similar benefits, whereas they may differ hugely in their exclusions. Using insurance agents to compare plans is advised as they can quickly determine exclusions when comparing policies. Pre existing conditions tend to be the most common grounds for refusal to cover medical costs, so be sure to read through the fine print.
One final piece of advice when choosing an international health insurance plan is to shop around for the best plans available. Compare at least three or four reputable health insurance providers, making sure you are aware of the benefits and restrictions laid down by each insurer. If you feel that it's all a bit too much for you to figure out yourself, use insurance brokers who can give you some form of independent advice. They can help find plans from international medical insurance providers that fit and suit your budget requirements as well as medical needs.
The author of this article is a part of a digital blogging team who work with brands like Bupa Insurance. The content contained in this article is for information purposes only and should not be used to make any financial decisions.
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