Having an international health plan is the best way to ensure that you can afford healthcare around the world,
and thus is essential for expats. However, understanding which plan is right for you can be tricky, whether
you’ve just moved to a new country or have worked abroad for years.
Therefore, we’ve listed below the
most common mistakes that expats make when purchasing health insurance, to help you make the right decisions.
Taking your chances without cover
The worst mistake you can make as an expat is thinking that
you don’t need health cover. Healthcare around the world can be extremely expensive and you can’t always foresee
when you will need treatment. You might be young and fit, but taking chances with your health could leave you
paying out-of-pocket for huge medical expenses.
2. Not disclosing your medical history
during the enrolment process, some expats decide to not disclose details of their medical history, in fear that
their application won’t be accepted.
Hiding information from an insurer is considered fraud and will
result in future claims being rejected, meaning any treatment you need won’t be covered. In addition,
non-disclosure could potentially stop you getting health cover in the future, even with a different provider.
don’t take any chances and be honest and upfront in your application from the beginning, as it will save you
money, and your reputation, in the long-term.
3. Ignoring your pre-existing conditions
your pre-existing conditions is always the right thing to do. But another mistake expats commonly make is
deciding not to cover them in their policy.
If you or anyone insured under your plan has a pre-existing
condition that needs cover, it’s generally worth paying the additional premium to protect yourself for the
future. The amount you pay will depend on the nature and severity of the condition. However, this figure will
very likely be less than the amount you would pay to treat that condition, were you uninsured.
will cover pre-existing conditions and some don’t, so you need to find this out before enrolment.
Not planning ahead with maternity benefits
If there’s a possibility that you could have a child
within two years of purchasing your plan, it’s definitely worth including maternity cover. This is because most
insurers have a twelve month waiting limit on maternity benefits before the policy holder is able to claim for
Maternity treatment, including newborn cover and delivery complications, can be hugely expensive
around the world, so coverage is essential for families – regardless of where you’re living. Plan ahead and you
won’t be caught out uninsured.
5. Not balancing benefits with cost
insurance providers offer cheap plans with low premiums. However, the reason these plans are cheap is that they
don’t include comprehensive benefits, or involve a large payment on the side of the plan holder.
plans shouldn’t just cover hospitalisation and certain outpatient benefits and should support members with all
aspects of their wellbeing, including mental health, security, emergency evacuation, chronic conditions and life
Don’t settle for a plan that is cheap, as you’ll likely end up spending more on health treatment
yourself, than you would have on a good quality plan in the first instance. You don’t know which benefits you’ll
need until you need them, so a policy with comprehensive benefits is the best option for peace of mind.