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medical-insurance
Whilst insuring yourself domestically is something many people do automatically, it is something that can often be overlooked when you are moving abroad. We take a look at some of the insurance options available to you, and you need to consider, when you are moving abroad.

Whether you are moving for work, pleasure or retirement, it is very important that you think about your insurance position when you are overseas on a long term basis. Travel insurance is just that, after all – insurance that is designed to offer protection when you are travelling. If you know in advance that you are going to be spending a sustained period of time living and working in one particular country – be it China or Croatia; Brazil or Belgium; Iceland or India – it really does pay to get your insurance in order.

All expats should specifically consider International Medical Insurance. It’s not something many consider, but this can be a very expensive area if the worst was to happen and you are not covered. As such, it’s something that should always be considered and looked into before you move abroad. Visiting another country means different rules, so it helps to have an insurance policy that will cover any costs.

Costs and fees

In short, what you can face will vary highly depending on where you are emigrating to – for example, Australia has different health policies to China. Whilst some countries operate a national health service, this isn't always a guarantee; even then, you're an expat and the rules and costs may vary depending upon that fact.

There are also costs that go beyond simple treatment. If you're staying in a hospital, for instance, there are plenty of costs that you could be charged. Accommodation and food are just two prime examples; in some cases you don't really have anywhere else to go, but this doesn't mean you won't be charged. Like any other business, things are rarely free. The longer you stay, the longer these costs can grow. As such, you need strong financial protection.

Insurance

This is where insurance comes in. Whilst it covers international health, the inner workings of the insurance itself are no different from normal insurance. This gives you options to look into, such as excess, as well as what the insurance itself will cover. This is just a quick look at international health insurance, but the financial benefits should be clear to see; expats need to ensure they are financially prepared and protected.

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