Luxembourg is a small, landlocked country with a population of less than 512,000 individuals and an area of only 2,586 sq km. However, when looking at the number of in-bound migrants, this petite size this doesn’t keep outsiders away. The net migration rate for Luxembourg in 2012 was 8.15, granting it 14th place on the CIA’s list of countries with the highest in-bound migrants.
There are a number of reasons why Luxembourg does well with this statistic; a few reasons include it being conveniently bordered by Belgium, France and Germany, that it’s stuffed full of history and historical sites, and it has a national healthcare system which is available to individuals who qualify. For international visitors to be eligible for this coverage, they must be employed in Luxembourg. Both the employee and the employer will pay into this healthcare tax- each paying half. Those who are self-employed are currently required to pay the full tax amount, which will vary depending upon the occupation of the individual.
Although the Luxembourg healthcare system has a reputation for being reliable, it’s common for those who utilize this coverage to supplement it with a private health insurance plan. Additionally, those who will not be employed and are in need of a residence permit will be required to purchase private health insurance.
Current and future expats in Luxembourg who fall into either the category of not being eligible for national healthcare or who are eligible but want to supplement the coverage, and are looking for international insurance for Luxembourg have multiple plans to choose from. Here are a couple of plans that can provide great coverage to an expatriate who is in Luxembourg:
There are a few options for expatriate health insurance in Luxembourg. Anyone around the world is able to have worldwide coverage or worldwide coverage excluding the US. These plans provide coverage up to $5,000,000 or more and include hospitalization and outpatient care, prescription medication, mental health and pre-existing condition coverage.
If you are a US citizen looking for expat health insurance in Luxembourg that has an unlimited policy maximum, another plan option is the Geo Blue Xplorer. The GeoBlue Xplorer health plan is a great plan for US citizens who travel to or from the United States for extended periods of business, leisure and study. If you leave home for six months or more, your health and financial security are at serious risk because of significant gaps in most available insurance coverage and services. This risk is only heightened by limited knowledge of health and safety hazards around the world, including medical treatment from unfamiliar providers.
The IMG Global Medical plan has five levels for those in need of international insurance for Luxembourg to choose from and can offer coverage up to $8,000,000 in lifetime benefits. Some of the benefits include mental health, hospitalization, doctor’s visits, emergency medical evacuation, repatriation of remains, wellness, dental and vision.
Both plan options have a flexible deductible and provide world-wide coverage to individuals or families in need of coverage. If you would like more information on international insurance for Luxembourg, contact one of our licensed agents today.