The quality of healthcare can vary from country to country and if medical attention is needed when you're away from your home country for long periods of time, it's important that you're still able to receive quality medical treatment regardless of where you are. In this case, a global health insurance policy may be a great solution for your medical insurance needs.Global Medical Insurance, also known as Expatriate Health Insurance is a long-term solution for individuals and their families who are living and/or working abroad for extended periods of time. These plans are designed to provide access to the best possible healthcare, wherever you are in the world. For example, let's say you're an American citizen who spends 6 months of the year living in Mexico. Having global travel medical insurance would give you flexible medical coverage while you're enjoying your extended stay in Mexico.
Who Can Buy Global Medical Insurance?
Global travel health insurance is a great option for those who prefer private health insurance or have difficulty finding quality healthcare in the country they're temporarily living in. Most global travel insurance policies offer multiple coverage options with extremely flexible benefits and policy maximums ranging from $250,000 to unlimited amounts..
Expatriate medical insurance is perfect for employees working in a foreign country, for digital nomads , and for expatriates working or living abroad by themselves or with their families. Expat insurance gives medical coverage for individuals traveling to multiple countries for long periods of time. It's a great idea for people who want one insurance policy that works globally. Senior expats with dual residences who need coverage abroad can also get expatriate travel insurance, as policies are usually available for people up to the age of 99.
Businesses and companies looking for insurance solutions would benefit from purchasing health insurance for global employees. The main benefit is cost savings. Since these international medical insurance plans eliminates the need to spend on domestic plans, they can easily offer just one plan that will work anywhere. The global medical plans are similar to domestic plans in that most are Affordable Care Act (ACA) compliant.
Global Medical Plans are also good for:
- People who live outside their home country in their vacation home
- International travel guides
- People who go on world tours like artists, and musicians
- Groups of people who are traveling together on assignment
Key Benefits: Global Health Insurance
Some of the primary benefits are as follows
- Flexible coverage that can be tailored to fit individual healthcare needs
- Coverage for essential hospital stays and treatments
- Maternity Coverage
- Coverage for doctor and surgeon consultations
- Dental coverage
- Medical evacuation coverage
- Possible pre-existing condition coverage
Each plan has its own benefits and may be able to offer wider variety of benefits than other plans, to suit the needs of various global travelers. In addition to the basic coverage, many policies also offer additional add-ons, allowing you to customize and design a plan that meets your specific needs.
These plans may have certain exclusions in terms of coverage, such as acts of war, hostilities, military actions, terrorist acts, nuclear explosions, and other civil commotions, with or without the declaration of war. In addition to the exclusions listed above, many providers have their own specific exclusions as well that will be outlined in detail in the descriptions of coverage in each plan brochure.
Learn more to understand how they differ from Visitors Insurance or Travel Insurance Plans: Travel Medical Insurance Vs Global Medical Insurance