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“You get what you pay for!” That’s why you pay close attention to the details of health plans. But does this mean high-end international health insurance is a better alternative? Here are a few hard questions you ought to ask before you decide.
Is health insurance much too expensive?
The answer to that question would definitely be “being sick is much more expensive than health insurance.” Unfortunately most people don’t realize this until they are diagnosed with something much more serious than a common cold.
Why should you pay so much for health insurance and end up wasting it?
While there is a possibility you will remain healthy through the period you have insurance, it isn’t worth the risk to forgo it. Ask someone who didn’t have health insurance when he or she was diagnosed with a major illness and you will probably think differently.
Why pay a high premium?
No matter how much you spend on getting well, insurance is worth it. In fact it is the best money that you could spend. Imagine the situation of needing a brain scan. With health insurance you pay one tenth of the cost of the scan.
Does high-end insurance mean more coverage?
Choosing the wrong insurance policy could prove to be a disastrous financial decision. Take time to study and consider the fine print before you pick a policy. Don’t equate high premiums with better coverage. Instead, consider your needs; are you pregnant or looking to start a family soon? Do you have children? If you personalize your policy and get the coverage that you’re looking for you will be able to see if the finances add up.
What about overseas health care and costs?
Health care systems and costs vary based on many issues like availability of drugs, equipment, medical professionals to mention a few. While most insurance policies provide some overseas insurance coverage, do your own research and see if you are well protected and covered for abroad.
You can start now by reviewing the major expat health insurance providers and contacting them directly for any enquiries you may have: BUPA healthcare, Clements International, and more.
Get the service of an expert for free: request a free quote from an independent broker to help you compare the market and find out whether high-end insurance is worth it.