International Health Insurance - Five Things To Know

The concept of 'health insurance' may not be the most thrilling topic to delve into, but it is undeniably a critical aspect of adult life that requires a fundamental understanding. This importance is amplified when you or someone you know is contemplating living or working in a foreign country for a substantial period. In such cases, it is prudent to explore the option of international health insurance.

International health insurance is a type of coverage specifically designed for individuals who reside or work outside their home country for an extended period. This insurance is particularly suitable for:

1. Expats: Individuals who have relocated outside their native country for work or personal reasons can significantly benefit from international health insurance.

2. Individuals with Dual Residences: Those who split their time between two countries can ensure they are covered in both locations with an international health insurance plan.

3. Multinational Employees: Employees working for multinational corporations or international organisations often find themselves in foreign countries. International health insurance can provide them with the necessary coverage.

4. Students Studying Abroad: International students can also benefit from this type of insurance, ensuring they are covered for any medical emergencies while pursuing their studies overseas.

Often, the value and importance of health insurance are overlooked, particularly when residing in a foreign country. Living abroad can present unique challenges, such as language barriers and unfamiliar healthcare systems. In the event of an emergency, would you know how to navigate the local healthcare system or communicate effectively in the local language? Moreover, are you financially prepared to cover the costs of visiting a local healthcare provider?

Most domestic health plans offer limited coverage overseas and typically do not cover prescriptions abroad. According to experts, approximately 15% of travellers experience some form of medical issue during their international travels. Depending on your location, your domestic health insurance may not provide adequate coverage.

International health insurance offers numerous benefits, including:

1. Comprehensive Coverage: International health insurance plans provide extensive coverage, including inpatient and outpatient care, emergency evacuation, and repatriation.

2. Global Coverage: Unlike domestic health insurance, international health insurance offers coverage in multiple countries, ensuring you are protected wherever you go.

3. Access to Quality Healthcare: With international health insurance, you can access high-quality healthcare services globally, without worrying about financial constraints.

4. Peace of Mind: Knowing that you are covered for any medical emergencies can provide peace of mind, allowing you to focus on your work, studies, or enjoying your time abroad.

In conclusion, if you are an expat, a multinational employee, an individual with dual residences, or a student studying abroad, it is worth considering adopting an international health insurance policy. It provides comprehensive coverage, access to quality healthcare, and peace of mind, making your stay abroad safer and more enjoyable.

To find an international health insurance plan that best fits your needs, download the WeCovr app from your app store today or click on the international health insurance link here.