Health Insurance for Expatriates

Insurance for expatriates

By definition, an expatriate is someone who travels out of their home country for more than six months. When planning your trip, finding an international health insurance for expats program may be at the bottom of your list, long after establishing a residence and figuring out your travel plans. However, nothing is more important for your safety and well-being abroad than signing up for international medical insurance.

What to consider when choosing your insurance plan:

  1. You should first consider what your current health insurance plan offers. It may cover you while you’re abroad, but only for a small amount of time, or it may be limited to emergency care. Additionally, you may have to pay for any and all services upfront.
  2. You should also consider whether or not you require a governmental health scheme in your host country.

Under both options, there will undoubtedly be gaps in your coverage which is why the medical insurance for expats option is a best bet while traveling.

Benefits ZentripyGlobal’s Insurance for Expats can offer:

Simply put, these global medical insurance plans will offer a host of specialized services and benefits for those traveling abroad. They can include:

  1. A single deductible and out-of-pocket limit.
  2. Emergency medical evacuation that will provide transport to the nearest available hospital.
  3. A global provider network that will offer members access to different medical providers in your region who accept your insurance plan.
  4. Coordinated clinical care management to allow expats to get medical access prior to traveling.
  5. Global compliance with the countries you will be visiting. In many countries, there are strict local requirements to abide by. Working with international expat insurance providers will help you combine the mandated coverage alongside a global plan so you have nothing to worry about.
  6. Mobile apps can provide medical information and hospital locations with the simple click of a button.
  7. Peace of mind! As a traveler, it is important to expect the unexpected, so be as prepared as possible by signing up for a global insurance plan.

Global Health Insurance and the U.S. Expat

Since the majority of U.S. expats will be official residents of their host country, they will be exempt under American Obamacare laws. However, they must prove they are not a resident of the U.S., which can be done by completing two tests: the Bona Fide Residence Test and the Physical Presence Test.

The Bona Fide Residence Test: To qualify for this requirement, you will have to prove that you have been living abroad for at least one year and have no immediate plans to return to the United States.

The Physical Presence Test: You will meet this test requirement if you have earned an income in your host country within the past year, and have been physically out of the U.S. for 330 days out of a 365 day period.

Once you have completed the criteria for both tests, you will be considered exempt from Obamacare, but will only be provided with the minimum essential coverage, meaning you must sign up for a global insurance program.

Employees on Short Term Assignments Overseas

If you do not qualify for exemption from the two tests listed below, there are still some options for you. You will either have to enroll in an Obamacare program that includes minimum essential coverage or pay an additional tax.

The minimum insurance coverage includes:

  1. Employer-based coverage.
  2. Medicare Part A coverage.
  3. Most medicaid plans
  4. Children’s Health Insurance Program coverage.
  5. Peace Corp Volunteer coverage.
  6. Refugee Medical Assistance.
  7. Self-funded medical assistance to students provided through their universities.
  8. The Nonappropriated Fund Health Benefit Program

If you have any questions about global medical insurance plans, make sure to contact our professionals at ZentripyGlobal today!

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