What is an International Health Insurance Plan?
An International Health Insurance Plan is an insurance policy the provides coverage for health and medical expenses. It differs from integrated shield plans and private health insurance as it has worldwide coverage (depending on the policy terms). The International Health Insurance Plan will provide the same level of coverage regardless of the country you are in. This plan is most commonly purchased by expats living abroad.
What should you consider before getting an International Health Insurance Plan?
Maximum Annual Payout
When considering an International Health plan, you would have to consider what is the appropriate level of coverage depending on the cost of healthcare in the country that you reside in most often. If you stay in a country with a high cost of healthcare like the United States, you may require higher coverage than if you stay in a country with a low cost of healthcare like India. The higher the annual payout you desire, the higher the premium you would have to pay.
Hospitalisation and outpatient benefits
Much like choosing a health insurance plan, you would need to see the hospitalisation coverage that is provided by the insurer. Some plans may not provide high outpatient coverage. Therefore, if outpatient coverage is important to you, then you would have to ensure it is covered in the plan.
Overseas emergency evacuation and repatriation
If you are often travelling for business purposes, this may be an important factor as you may need to be repatriated to your home country for urgent medical care. A medical evacuation can be very costly depending on which country you are in. Therefore, it is important that this benefit is in your International Health Plan.
Maternity, Dental and Optical coverage
If an International Health Plan is very comprehensive, it may cover extra “foreseen” events such as planned pregnancy. However, if your basic International Health Plan does not have this coverage, you may check with the insurer if it is an available rider to your plan. Similarly, if you would like to have Dental and Optical coverage, you can check if it is a benefit that is part of the base plan or if it is available as a rider.
Best International Health Insurance Plans
PolicyPal’s Review of Best International Health Insurance
The best mortgage insurance plan will depend on factors such as the premium price, health insurance concerns, maternity coverage, expat overseas postings duration and number of countries that the expat travels to for business. Another consideration when purchasing an International Health Insurance plan is the coverage provided by your employer. If your company does not provide extensive health coverage, you may consider what are the health insurance gaps you have and then approach a financial advisor to fill those gaps. Your premiums can also be affected based on your current health condition, if the plan you choose covers pre-existing conditions, the premiums will be significantly higher than plans that don’t.
The International Health Insurance premium should not be the sole indicator in choosing the right plan. The premiums you pay for your International Health Insurance will vary widely based on your coverage requirements. Therefore, it is wise to request a comparative quotation table so that you can make the right choice for your needs. You may include your details in the form below and we will be happy to assist you in preparing a quotation table based on your preferences.
We have also included individual reviews of International Health insurance Plans here:
- Summary of MSIG International Health Insurance Plans
- Summary of AXA International Health Insurance Plans
- Summary of Liberty International Health Insurance Plans
Claims & Contact Information
|PolicyPal Customer Service||+65 3163 9184|
|PolicyPal Claims||[email protected]|
Schedule a Free Teleconsulting service with us today
You will be able to enjoy a free financial portfolio review which will help you better understand how to create a suitable financial plan for you and your family. We will analyse life insurance products from over 20 insurers and present you solutions that are tailor-made to address your concerns.
Our advisor will be more than happy to help you understand any of these insurance policies:
- Health Insurance
- Critical Illness Insurance
- Endowment/Savings Insurance
- Personal Accident Insurance
- Term/Whole Life Insurance
If you would like to know more about a specific life insurance product you can let us know your preference. This is so that we can be better prepared during the appointment to present you with a comparison table if needed.
How will I be able to schedule an appointment?
You can WhatsApp us at 8750 0688 and let us know your preferred date and time for the appointment. The appointment will be conducted using Zoom a free video-conferencing app for video consultation on your computer or your phone.
Alternatively, you can include your details here and we will contact you to help you set up an appointment. Get a quotation within 48 hours when you submit your interest here.
- Best Etiqa (Tiq) Insurance Savings Plans in Singapore (2020)
- What Is Dependants’ Protection Scheme (DPS)? Should You Opt Out?
- Should You Bother with CareShield Life If You’re Still Young & Healthy?
- CareShield Life: The Ultimate Guide for Singaporeans & PRs
- Aviva Singlife Merger: Here’s Everything Policyholders Need to Know