Whether you're an expatriate or simply visiting a foreign country, living abroad health insurance can provide peace of mind and protect your financial security. This is the best option for anyone who has frequent trips and stays in foreign countries, or for large families.
Selecting an international insurance plan is a complex process. Therefore, it is essential to be informed before you purchase. It is important to choose a company that has a good reputation. This will give you the peace of heart when you travel abroad.
Expat/Expatriate Insurance - A Basic Overview
For many, living abroad can be an exciting and challenging experience. It may be necessary to learn another language or to adapt to a completely 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 plans offer additional benefits including dental, vision, accident and critical illness. Some international health care plans also include emergency treatment and evacuation within their benefits.
US Citizen Health Insurance Overseas
As a citizen of the United States, you may qualify for Obamacare-compliant health insurance when traveling abroad. You may be able to take advantage certain exemptions.
IRS "Physical Presence Test". A US Citizen physically present abroad for 330 days or more per year is eligible. The Bona Fide Residence Test is another exemption available to US citizens.
If you're a US citizen who is living and working in another country, it's a good idea to look into an international medical insurance plan as soon as possible. This can help you to avoid potential problems with the immigration office when obtaining your visa and avoiding paying for costly out-of-pocket medical bills.
A specialist in international health care is your best bet for finding the right insurance policy. It can be an advisor you trust who can determine your needs and then recommend a plan that meets them.
When comparing expat medical insurance policies, it's important to consider your age, health status and other factors that might impact your costs. This will help you to choose the right policy for you and your family.
How to buy a health insurance plan for expatriates
There are many ways to purchase international medical coverage, including online or over the phone. You can get quotes from local insurance companies or speak to an international health insurance expert.