Medical Insurance and it's type

International Medical Insurance for Expatriates

Moving overseas is an important decision that, along with excitement, brings numerous concerns. Both new and experienced expatriates view the purchase of medical insurance to be an additional cause of anxiety and stress.
In your home country, the majority of people are provided with medical insurance by an employer. Even if your employer does not provide medical insurance there are many sources of good information to help and assist you. However, that changes once you move overseas. Not all companies have the experience to assist their employees with medical insurance overseas, and expatriates often have to take care of medical insurance on their own.

Professional Expatriate Medical Insurance

The process of finding a suitable expatriate medical insurance plan may seem complicated and confusing, but it is extremely important to take the time to find the right coverage. Finding the right plan is not as difficult with the assistance of professional advisors and there are actually many international medical insurance companies around the world who specialize in insuring expatriates.
International Medical Insurers
We work with the world's top insurance companies to help find you the best international medical insurance plans available. The plans that we offer are comprehensive, flexible, annual and adaptable. We will provide you with international medical insurance policies that offer complete medical cover anywhere in the world.

International Medical Insurance Cover

Wherever you may be, we can provide comprehensive medical insurance that are globally portable. We specialize in international medical insurance plans valid in China, Hong Kong, Thailand, Singapore, the UAE, Saudi Arabia, Israel, the United Kingdom, The United States, and Canada. However, we are not limited to working in these countries and can be of assistance no matter where you are located.

Here are some different types of Medical Insurance mention below:

Individual Medical Insurance:

An Individual or individual insurance plan is the most common plan sold by international medical insurance companies. Premiums are based on the age of the applicants, area of cover and the plans selected. The location and occupation of the policyholder do not normally impact the premium.

Almost all international insurance companies offer Individual and individual insurance plans that are guaranteed renewable each year. This ensures that, even after suffering from a serious illness or accident, the insurance company will not refuse cover the following year. One of the biggest reasons to consider a worldwide insurance plan is that no matter where the individual decides to move, the plan can be kept in force and the benefits will not change.

Individual and individual insurance plans include core in-patient coverage with various additional options such as out-patient coverage, emergency evacuation, maternity and dental. In some cases insurance companies offer ‘individual' rates and give extra discounts for more than one child or offer free cover to children under 10.

Family Medical Insurance:

Our family health insurance plans are suitable for all ages, occupations, are annual and guaranteed renewable. We do not calculate your premium based on your nationality or your occupation but instead the premium is dependant on your age and where your family lives. You can relocate to a new country or back home and your overseas health insurance plan can normally go with you as they are not specific to one country.

The health insurance plans are designed for families traveling abroad regularly and expatriate families. Policies can be designed to include chronic conditions, maternity, dental, emergency evacuation, personal accident cover and numerous other benefits.

Group Medical Insurance:

A company can also apply for international medical insurance for its employees, (it is also possible to form an affinity group around a social group or sports team). In this case it is often possible to receive significant discounts over individual rates and get better benefits. Not all employees need to be in the same location or country.

For larger groups (20 or more employees) it is possible to get coverage that includes ‘Medical History Disregarded' (MHD). This means if some group members have a pre-existing condition, the insurance provider will often allow this to be covered. This is advantageous for the employer since it is a very good employee benefit.

For larger groups that include MHD the renewal insurance premiums take into account the claims performance of the group. If the performance is good then the premium can drop but if the claims are bad then the premium can increase.
Normally in groups scheme employees can be enrolled part way through the policy year, or terminated in the policy year, and premiums are paid or refunded on a pro-rata basis.

On leaving the group some insurance companies allow employees to maintain coverage on an individual basis but at individual rates. In some cases the insurer will even continue to cover the pre-existing condition that manifested itself while the employee was insured on the group scheme.
Group insurance plans can also be customized, so the benefits can be tailored to the group's preferences. It also allows more senior staff members have higher levels of coverage.

Teacher Medical Insurance:

Teaching overseas is a challenging and rewarding experience and the number of expatriate teachers has been continuously rising. Insurance companies have therefore developed special expat teacher medical insurance plans that offer competitive premiums but similar benefits to a regular international medical insurance plan.
International health insurance plans for teachers can cover all the essential elements of a comprehensive medical plan: in-patient; out-patient, emergency evacuation, maternity and dental. The plan can be kept in force as long as the teacher works at an international school but upon returning home or changing occupation the plan would need to stop or be changed to a ‘normal' international plan.

Expat teachers typically only teach for a short period of time abroad (1-2 years), and the plan is not really designed to be taken out indefinitely. Teacher plans are very good value but if you are looking for a long term health insurance solution then a regular international health insurance plan should be considered.

Travel Medical Insurance:

Travel insurance is designed to cover a person for a short duration, normally from a few days up to a year. During the period of cover the insured person is covered for medical expenses and benefits such as emergency evacuation and out-patient coverage.