10 things to know before and after you buy international health insurance

10 things to know before and after you buy international health insurance

Expat medical insurance is always a good idea if you plan to live or work abroad for a year or more. Regarding its purchase, there are some critical things to know before and after you buy international health insurance.

Information before the purchase of international health insurance

Before selecting an international health insurance policy, ensure that you are provided with the following information:

1. A clear comparison of the various products proposed and an explanation as to why these products were proposed.
2. A detailed explanation of the benefits, exclusions and any unusual restrictions in accordance with industry standards.
3. An explanation of the different types of underwriting and how it will affect you.
4. A clear understanding of the definition and limitations of the treatment of chronic and pre-existing conditions.
5. If you are switching from one insurer to another, ensure that you fully understand the implications on premium and coverage.

Information after the purchase of international health insurance

After you have purchased your insurance, make sure that you fully understand the following: 

1. The benefit schedule and policy wordings which is the detailed list of benefits, exclusions, and definitions which your insurer should provide you.
2. That your cover will renew automatically at the end of your contract period on the terms and conditions set by the insurer.
3. That the insurer has the right to change the terms and conditions at renewal only.
4. That the premium will be adjusted on renewal due to medical inflation, you entering a new age band or no claims discount.
5. The claim procedure – make sure you have the relevant information to access your insurer’s medical helpline.

At Expatmedicare, we help you understand all the things to know before and after you buy international health insurance. If you would like to know more expat health insurance or have any questions regarding the same, please contact us or visit our website.