As an expat, you can run into a lot of problems, but your health insurance and health insurance of your family shouldn’t be one of them. Don’t forget, you are far away from your home — you have to pay attention to various things so that you don’t find yourself in a situation where yours and your loved one’s health and finance are at risk just because you didn’t choose the right health insurance plan for your particular situation.
That is why we decided to discuss health insurance issues in this article, emphasize some of the common mistakes people make when it comes to expat healthcare, and how to avoid them.
Mistake #1: Not Covering a Pre-Existing Medical Condition
If you or a member of your family already suffers from some kind of medical problem, the first thing you need to ask when choosing a health insurance plan is — is it going to cover a pre-existing medical condition.
There are some insurance policies that exclude that kind of coverage or will charge an additional price for it, or the price will depend on the health condition (how serious it is, how long have you been treated, how high are the potential costs, etc.). In order to choose right, you have to be careful.
Mistake #2: Buying Domestic Health Insurance
Some people will choose a domestic health insurance plan before they go abroad simply because they tend to be cheaper. That is a common mistake — most people don’t understand that the domestic insurance policy is usually basic and doesn’t cover potential health issues you could encounter outside the country. The upside of international insurance is that these policies have a larger offer of coverage options you can combine.
Mistake #3: Not Being Honest with Yourself
Assuming that you are young and healthy, and for that reason, you and your family don’t need international health insurance is another mistake you shouldn’t make. You never know what might happen. You have to be prepared for emergencies, otherwise, you will face a very expensive medical bill
Make #4: Choosing the Cheapest Health Insurance
Another mistake you must avoid when choosing an insurance policy is opting for the cheapest health insurance plan. Don’t let the low prices tempt you, there is probably a good reason why that insurance policy is cheaper than others. Focus on the benefits of it, not the price. It may cost a bit more than you originally planned, but at least you will be prepared for all case scenarios. Always choose quality!
Mistake #5: Not Obtaining Maternity Coverage
It is of vital importance to obtain maternity coverage if you are planning to start a family as an expat, or you think there is a chance you are pregnant because most insurance policies have a waiting period of 12 months. Keep in mind that private hospitals can be very expensive when it comes to maternity care.
Mistake #6: US Expats Choosing Coverage Only for When Abroad
If you are a US citizen and are planning to travel overseas, your expat healthcare must cover the treatments back home, in the USA. It is more expensive, but you will rest assured knowing you have health insurance, just in case anything happens while you’re visiting home. Never spare money on your health.
Health insurance policies can be confusing and complicated, so our advice to you is to first read international health insurance reviews, think twice about what you really need, and pay attention to the fine print. If you have any questions about insurance options, WellAway is always here to help you!