He a l t H
Of course, there are ways to reduce the cost of your
meaning you could potentially have to pay a large amount
international health plans, such as opting for a plan that
of money out of your own pockets if you suffer a major
includes only the benefi ts you need is a good way of saving
condition, making the cost you saved in the premium look
money without compromising the protection that such
insignifi cant.
products provide. For example, if you’re a single male
client, choosing a plan with maternity benefi t would not be
Beverly Cook, Managing Director at Expacare
an economical benefi ts package.
concludes, “It is vitally important for you to know and
understand the nuances in the benefi ts offered by providers,
Caution does need to be observed when taking out
as only then can the right cover for the right circumstances
plans with reduced benefi ts, because if an important
and location be found for you. When it comes to
benefi t is taken off the plan, chances are that benefi t will be
International Private Medical Insurance, you generally get
required in the future.
what you pay for.”
_______________________
YoUr area oF Cover
For information on any aspect of international healthcare
Choosing your “Area of Cover” is important as
insurance, call +44 (0)1344 381 650 or send an email to
in some parts of the world, medical treatment is more
info@expacare.com or visit
www.expacare.com.
expensive than others. So make sure the “Area of Cover”
you choose only covers the area needed. If there is US or
China in the “Area of Cover” and you do not require that
cover where you are, then this will have a huge impact on
the premium.
All insurance providers base their premiums on claims
experience and likely medical costs in certain regions, with
some of the most expensive being: USA, UK, China &
the Middle East. For Expatriates coming into the UK, a
Europe only area of cover is usually the most cost effective
option, providing you will not need cover outside Europe.
Increasing excesses is another quick fi x that can help
you reduce premiums, but that means you will need access
to money, as you may have to pay the excess you choose
before treatment is authorised and accessed.
At Expacare, for example, we quote all our plans with
a (nil) excess as standard, to minimise the amount that you
will have to pay out of your own pocket.
YoUr PersonaL CirCUmstanCes
Although it is tempting, opting for the lowest cost
plan is also not always the best course of action for your
personal circumstances. Some plans have low limits
on certain benefi ts to make the plans more affordable,
ex p a t r i a t e 49
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