The number of expatriates in Russia continues to grow and for good reasons. Russia has the potential to provide expats with the opportunity to establish a lucrative career, as there are plenty of income channels available. Those interested in fields related to energy sources are especially drawn to Russia as they are a major producer of natural gas and were ranked second only to Saudi Arabia in 2011 when it comes to oil production. In 2011 alone Russia produced approximately 10 million bbl/d and was able to export around 7 million bbl/d of this supply. Additionally, preliminary 2012 data shows that Russia may have surpassed Saudi Arabia when it comes to crude oil production, according to the U.S. Energy Information Administration (EIA).
If you will be one of the many expatriates in Russia, whether in the energy field or another, you will need to evaluate if your employer is required to provide you with health insurance based upon the new social security system reform. Usually, this requirement can be determined by the length of employment for expats. If your employer is not required to provide you with insurance, you will need to find adequate international health insurance for Russia.
One popular option when it comes to international health insurance for Russia is the Global Medical plan. The Global Medical plan comes in four levels: Silver, Gold, Gold Plus and Platinum. Each level offers various coverage and allows you to find a plan that will fit your lifestyle and budget. Expats are able to purchase the Global Medical plan on an annual basis and receive world-wide coverage.
Additionally, expats in Russia who will be receiving coverage through an employer but still need coverage for any dependents are able to turn to the Global Medical plan.
If you would like more information on international health insurance for Russia contact one of our licensed agents today.
*Mother and father giving children piggy back rides photo courtesy of Shutterstock