If you are an expatriate, or just visiting a country abroad, living abroad insurance can protect your financial security and provide peace ofmind. This is the best option for anyone who has frequent trips and stays in foreign countries, or for large families.
Choosing an international medical insurance plan can be complicated, so it's important to know the details before you decide to make a purchase. You can travel with peace of mind if you purchase a policy through a reputable insurance company.
Expat/Expatriate Insurance - A Basic Overview
Living abroad is an exciting experience for many people, but it can also come with some challenges. You may have to learn a different language or adapt to a different culture. You may need to know how to access public healthcare, or how to pay privately for treatment at a hospital.
It is therefore best to get an international medical policy that covers your medical needs both abroad and at home. These policies can be customized to meet your needs and are usually available in a variety of formats.
How to buy an expatriate insurance plan
Expat health plans typically offer more benefits than travel insurance, including accident, critical illness and dental and vision coverage. 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. You can however take advantage of exemptions.
IRS Physical Presence Test: A US Citizen that is physically present for 330+ days in a country abroad per year can qualify. Another exemption for US citizens is the Bona Fide Residence Test.
Consider getting an international health insurance plan if you're a US resident who's living and working outside the US. You'll avoid having problems with the visa office, as well as paying out of pocket for expensive medical bills.
It is best to speak to an expert in international health insurance to help you find the right policy. A trusted advisor can assist you in determining your exact requirements and recommend the best plan.
Comparing expat medical policies is important because you need to consider factors such as your age, current health, and other things that could affect the cost. This will allow you to select the right policy for yourself 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. Get quotes from companies local to you, or talk with a trusted expert in international insurance for further information.