Top Tips - Intl Health Insurance
Posted on Monday, December 28, 2009 by Admin
When living abroad, use our Top 10 Tips when looking for the right international health insurance:
1 Area of Cover - Ensure the area of cover you are looking for not only covers the region you are in, but any other area where you are likely to visit be it for temporary business or pleasure.
2 Underwriting terms - Make sure the underwriting terms of the plan meet your requirements. Most providers will exclude all pre-existing conditions, no matter when they occurred. Do not accept such restrictions.
1 Area of Cover - Ensure the area of cover you are looking for not only covers the region you are in, but any other area where you are likely to visit be it for temporary business or pleasure.
2 Underwriting terms - Make sure the underwriting terms of the plan meet your requirements. Most providers will exclude all pre-existing conditions, no matter when they occurred. Do not accept such restrictions.
3 Cancer treatment - Find out how long cancer treatment is covered for. Many providers will only cover this for a maximum of 5 years, whereas Expacare cover this in full. The same applies for chronic conditions. Many providers only cover acute or palliative treatment, whereas we cover chronic conditions in full, providing it is not a pre-existing condition.
4 Excess payments - Ask the provider if there is any excess on the plan. This will be the amount you have to pay each time you claim for a condition. Those apparently modest deductions soon add up.
5 Relevant benefits - Make sure that you are not paying for benefits that are not relevant to you. Ask yourself if you would need some of the benefits you are being charged for. If the answer is no. Ask for tailored cover to meet your circumstances.
6 Assistance providers - Find out who the assistance provider is. These will be the people who you first contact in an emergency, and can arrange for guarantees of payments to be made with the hospitals.
7 Underwriters - Find out who underwrite the plans. These are the people who will be paying out your claims so ensure they are financially secure.
8 Adequate cover - Try to gauge how much coverage you may need. For example if you are moving to the UK and will be paying social security contributions, you will be entitled to treatment under the NHS, for a period of time. But, if you require private treatment, or the waiting time on the NHS is too long, then a higher level of cover would be advisable.
9 Family cover - Remember that your family can also be added to cover, so make sure the benefits cover all eventualities for your "whole" family.
10 Price – With international medical insurance, price is based on the cover you opt for, The more cover you need - especially if your are insuring more than one person – the higher the premium.
4 Excess payments - Ask the provider if there is any excess on the plan. This will be the amount you have to pay each time you claim for a condition. Those apparently modest deductions soon add up.
5 Relevant benefits - Make sure that you are not paying for benefits that are not relevant to you. Ask yourself if you would need some of the benefits you are being charged for. If the answer is no. Ask for tailored cover to meet your circumstances.
6 Assistance providers - Find out who the assistance provider is. These will be the people who you first contact in an emergency, and can arrange for guarantees of payments to be made with the hospitals.
7 Underwriters - Find out who underwrite the plans. These are the people who will be paying out your claims so ensure they are financially secure.
8 Adequate cover - Try to gauge how much coverage you may need. For example if you are moving to the UK and will be paying social security contributions, you will be entitled to treatment under the NHS, for a period of time. But, if you require private treatment, or the waiting time on the NHS is too long, then a higher level of cover would be advisable.
9 Family cover - Remember that your family can also be added to cover, so make sure the benefits cover all eventualities for your "whole" family.
10 Price – With international medical insurance, price is based on the cover you opt for, The more cover you need - especially if your are insuring more than one person – the higher the premium.
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Labels: Cancer treatment, Expat Insurance, International Health Insurance, international medical insurance, Travel Insurance
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