Buying health insurance can be time consuming and confusing, and when it comes to purchasing international insurance, it can become even more complicated. Some expats will need to take visa insurance requirements, plan eligibility criteria and plan renewability into consideration when purchasing their coverage. Don’t let finding the right insurance stand in the way of enjoying time abroad. Here is a cheat sheet for when it comes to buying health insurance:
-Check out the eligibility of the plan: Each health insurance plan is designed with a certain group of people in mind. Typically, the insurance plan will have an eligibility section that gives further detail into who can buy the plan. Even if it’s a guarantee issued plan, make sure you meet each of the eligibility requirements so you won’t run into any problems down the road.
-See what is included: Check out the benefits of the plan and compare it to your personal coverage “wish-list.” If you find a plan that has everything you are looking for, check out the prices!
-Don’t forget to see what is excluded: Looking at what is included can involve looking at a lot of benefits. So many that you might not be able to think of one that isn’t included. This is why it’s great to not just look at what is include, but what isn’t. You might find something on the exclusions list that you need.
-Know how long you can have the plan: If you plan to relocate to another country and buy an international health insurance plan that is only renewable for a few years, you might run into problems later on. One common issue for citizens in this situation is to be receiving ongoing treatment when their plan ends and not being able to find a new plan that will cover pre-existing conditions without a waiting period. Make sure your plan is renewable for the entire time period that you will need coverage.
If you would like more information on buying health insurance that will meet your needs, contact one of our licensed agents today.