If you're an international expatriate or just visiting, a living abroad health policy can give peace of heart and protect your finances. 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. Getting a policy from a reputable company can help to ensure that you have peace of mind while traveling abroad.
The Basics of Expat/Expatriate 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 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 typically come in multiple formats that can be tailored to your specific requirements.
How to Purchase Expatriate Health Insurance
Expat plans offer additional benefits including dental, vision, accident and critical illness. Some international health insurance plans include emergency care and evacuation in their benefit package.
US Citizen Health Insurance Overseas
If you're a U.S. citizen and traveling outside the U.S., you might be eligible for Obamacare medical insurance. However, you can also take advantage of certain exemptions from this requirement.
IRS Physical Presence Test: A US Citizen that is physically present for 330+ days in a country abroad per year can qualify. Bona Fide Residence Test provides another exemption for US Citizens.
Consider getting an international health insurance plan if you're a US resident who's living and working outside the US. This will help you avoid problems with the immigration department when applying for a visa and prevent paying out-of pocket medical expenses.
You should contact an expert who specializes in international medical insurance. You can find a trustworthy advisor to help you identify your exact needs, and then recommend an appropriate plan.
It is important to compare the prices of expat medical insurance plans. You should also consider your age and health status. It will help you choose the policy that is right for you and your entire family.
How to Buy an Expatriate Health Insurance Plan
There are many ways to purchase international medical coverage, including online or over the phone. 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.