Insurance for living abroad can offer peace of mind to expatriates and visitors alike. The insurance is ideal for those who have frequent travels and long stays, as well as for 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. Getting a policy from a reputable company can help to ensure that you have peace of mind while traveling abroad.
A basic overview of expat/expat insurance
It can be a great experience to live abroad, but there are also challenges. You might need to learn the language of a foreign country or adjust to a cultural difference. You may also need to find out how to use public healthcare or pay for private treatment in a hospital.
As a result, it's best to have an international medical insurance policy that offers you comprehensive coverage for your medical needs abroad and back home. Typically, these policies are available in several formats and can be tailored to suit your specific needs.
How to purchase an expatriate insurance policy
Expat health insurance plans usually offer a wider range of benefits, such as dental, vision and critical illness. Some international health insurance plans include emergency care and evacuation in their benefit package.
US Citizen Health Insurance Overseas
As a U.S. Citizen, you could be eligible to receive Obamacare-compliant insurance while traveling outside the U.S. You can, however, take advantage of some exemptions to this requirement.
IRS "Physical Presence Test". This test is applicable to US Citizens who spend 330 or longer days in a foreign nation per year. The Bona Fide Residence Test is another exemption available to US citizens.
As soon as you become a US Citizen and move to another country, consider getting international medical coverage. You'll avoid having problems with the visa office, as well as paying out of pocket for expensive medical bills.
You should contact an expert who specializes in international medical insurance. A trusted advisor can assist you in determining your exact requirements and recommend the best plan.
Compare the costs of different expat health insurance policies. Take into consideration your age and your current health. This will allow you to select the right policy for yourself and your family.
How to Purchase an Expatriate Medical Insurance Plan
There are several ways to buy international medical insurance, including online, over the phone and in person. You can also get quotes from local companies in your area, or you can speak with a trusted international health insurance expert for more information and guidance.