Importance of health insurance when moving abroad

When travelling abroad, you never know what can happen. No one can plan an accident or sickness when enjoying your time overseas. Health (medical) insurance becomes important if you move overseas.

What is health insurance?

Health insurance also known as private medical insurance is an insurance policy provided by a financial institution for people who need access to a healthcare system. In other words, it is an insurance policy that covers the cost of private healthcare. So countries have a mixture of private and public insurance, and It is important to know that before moving overseas.

Why do you need health insurance?

Health insurance helps as previously stated to cover important medical costs from diagnosis to treatment for illness. It gives you access to specialist care when you need it. Below are some benefits of health insurance.

 Access to healthcare

Without health insurance, expats may struggle to access healthcare services in their host country. They may face high out-of-pocket costs for medical treatments, consultations, hospital stays, and medications. Health insurance ensures expats can receive medical care without worrying about financial implications.

Emergency medical services

In a medical emergency, expats without health insurance may find themselves in a difficult situation. They may receive delayed or inadequate treatment or need to pay exorbitant costs out of pocket. Health insurance ensures that expats can receive prompt and appropriate emergency medical services without financial burden.

Comprehensive coverage

Health insurance typically covers a range of medical services, including preventive care, doctor consultations, hospitalisation, surgery, medications, and diagnostics. This comprehensive coverage ensures that expats have access to the full spectrum of healthcare services they may need while living abroad.

Protection against unexpected medical expenses

Medical expenses can be substantial, especially in foreign countries, where healthcare costs may vary significantly from one's home country. Health insurance provides financial protection against unexpected medical expenses, helping expats avoid potential financial hardship.

Knowing that one has health insurance coverage provides peace of mind for expats living abroad. They can focus on their work, studies, or other aspects of their lives, knowing that their health needs are taken care of.

Repatriation assistance

Some health insurance plans for expats also offer repatriation assistance. In case of a serious illness or injury that requires specialised treatment or ongoing care, the insurance may cover the cost of repatriating the expat back to their home country for medical treatment.

Overall, health insurance is crucial for expats abroad as it ensures access to healthcare, financial protection against medical expenses, and peace of mind in knowing that their health needs are covered.