If you are planning to settle abroad, you need to also take a good look at your expat health insurance policy. Travelling overseas can be full of adventure and it can happen that you decide to pack your bags and move into a new place for the purpose of settlement outside own country. Since travelling abroad and starting to live there means coming across different climactic conditions and physical surroundings, you need to extra care of your health.
Adventure also means increased chances of events that may affect your health adversely at times. You may encounter a whole new set of issues that your body may take time to accommodate. And in case, any accidents occur and hospitalisation is required, the bills in a foreign place can come as a bad surprise. And before the medical bills deliver a knockout punch, you need to fight back with pre-protection, that is with a health care policy in place.
This is often the best option specially designed keeping in mind situations like this, and the people who would need to avail to it to ensure good health. Even if, by good grace, you do not come to require medical assistance, it will always serve to give you a peace of mind that you will be safe with proper medical care, no matter where you are.
Posted by janedant
on Wednesday, February 3, 2010
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The minister of employment for Bahrain has expressed concern that many Gulf states may be transformed in years to come as the number of expats living and working in the region continues to grow.
Speaking to UAE daily Gulf News on the sidelines of a labour conference in the country's capital Abu Dhabi, Majeed al-Alawi said that while the region has long been reliant on skilled foreign workers to fuel growth, there may be problems during period of economic contraction.
"Whoever thinks this foreign manpower in the region comes for a project and leaves on its completion is wrong. They come to stay," he said, adding that with more expats buying property in the region and acquiring stakes in domestic companies, there may be a marked shift in the economic and social constitution of Gulf states within a generation.
Expats considering a move to the region may benefit from taking out an expat health insurance policy to ensure there are no gaps in cover should healthcare services be required.
Posted by janedant
on Monday, February 1, 2010
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Expat Health Insurance – You insure the house without hesitation; you insure the car too, so why do so many expats refuse to insure their own health?
Maybe you are perfectly fit and healthy, never been ill apart from the odd hang over or two, and besides somewhere in your wallet there is a plastic card with some foreign writing that your boss gave you assuring you it covers you in the event of being sick! Or does it?
The vast majority of us enjoy good health everyday of our working lives and any thoughts of illness or injury seldom stir the back of our minds. The reality is that we are all vulnerable and the prospect of becoming ill or damaging limbs is not as unlikely as we would care to imagine. Visiting the busy urban areas of Asian cities we have all seen the motorcycles with 3 passengers weaving amongst the traffic, normally loaded with a few live chickens and a full size colour television and driven by the ten year old daughter with her left arm pressed against her ear listening to her friends gossip on the latest mobile phone-and then the inevitable coming together with another motorcycle or expatriate who thought the traffic lights actually meant something!
Posted by janedant
on Sunday, December 27, 2009
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If you choose to live away from your home country, it is vital that you get expat health insurance. Too many individuals have encountered problems abroad, then regretting not having ample support from their place of origin. There are a variety of premiums available specifically for the traveling individual. Here are some helpful tips on how to stay secure when going away.
Initial Steps to Take
Always stay safe when traveling abroad by keeping your documents in check and having the right resource persons or agencies ready during cases of emergency. The emergency assistance service is responsible for authorizing major health service provision and the conduction of tests even after your condition is already stable.
The claims should be covered by your chosen insurance company. Prepare the name and telephone number of your doctor and carry it with you at all times. You also have to prepare and constantly secure a list of your medications and serious conditions together with prescription notes. When you are traveling to third world countries, bring a copy of your prescription just in case customs ask for it.
Posted by janedant
on Wednesday, December 2, 2009
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Expats in Russia experience difficulty enrolling their children in local schools, but find it easy to integrate into the community, it has been claimed.
Such are the findings of the latest HSBC Expat Experience survey, which offers an extensive insight into what life is like for expats living all over the world.
While Canada, Australia and Thailand all fared well in the survey, Russia lost out in areas such as access to healthcare, schools and local amenities and utilities. Such figures may encourage potential emigres to check their expat health insurance cover before leaving the country.
The country was placed two points from bottom in the 26-country league table in overall quality of life, although it did score highly in terms of community integration and offering a friendly environment for expats.
Posted by janedant
on Monday, October 26, 2009
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With health insurance reform in the spotlight, the US TravelInsurance Association (USTiA) suggests that travelers become aware of their health care benefits or insurance plans for expats available while overseas.
A survey commissioned by UStiA concluded that traditional domestic health insurance plans typically limit coverage for out of country medical expenses to emergency-related costs; have high deductibles and co-pays for emergency treatment abroad; and don't cover out-of-country emergency medical transportation in cases of life threatening illness where medical evacuation may be required.
Additionally, 50 percent of Medicare recipients may not be covered abroad, the study revealed. And, when covered, benefits are normally limited to 80 percent of emergency treatment costs, with a $250 deductible.
Posted by janedant
on Monday, October 5, 2009
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Isn't it time you choose financial freedom?
Personal liability insurance, also referred to as personal umbrella insurance, is another product we use to keep our assets in tact. Since we live in a litigious society, we believe that it's a good strategy to have an insurance policy that can withstand a financial blunder caused by a lawsuit.
What is personal liability insurance?
Your homeowner's and auto insurance policies have added liability protection within their contracts. If you are found negligent in a situation where someone was injured, your liability protection will pay for things like personal medical bills, rehabilitation, lost wages, etc.
However, the coverage amounts are relatively low and can be quickly exhausted depending on the severity of the other party's injuries.
Protection from a personal liability umbrella insurance policy will trigger once the liability protection from your other policies are no longer sufficient. It gives you and your assets added protection.
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