International Insurance

Written by Kathleen Gagne
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What is International Insurance?

International insurance is a necessity when you are living outside of your native country for extended periods of time. If that period is comprised of more than one year, in fact, you should consider an insurance plan that is automatically renewable. Most international insurers offer several different plan levels so that you can find one exactly suited to your needs and resources.

These plans are much like employer-provided plans in the United States and can be purchased for both individuals and families, however, they often include some provisions that are not necessary when you are at home. Like US plans, there are premiums and deductibles and a lifetime policy maximum possible expenditure. Like US plans, many companies offer you a choice of deductibles that affects your premium amount. After your deductible is met, your insurer usually pays around 80%, again, like US plans.

International Insurance Coverage

As with most insurance plans worldwide, these plans generally have a provision excluding pre-existing conditions, but some may offer a Rider exception for an additional charge. Prescription drugs coverage is includes in most plans, and some companies also offer optional term life insurance and accidental death and dismemberment policies.

In addition to the features described above, these plans most often cover hospital stays, ambulance charges, wellness options, physical therapy, and maternity care. They can, and should, also include medical evacuation and repatriation of remains options. You will find a variety of plans online from which to choose. If you have insurance within your home country, it's a good idea to compare your current plan's provisions and costs to those of any plan you are considering.

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