How much does international health insurance cost?

What is International Health Insurance?

International Health Insurance provides coverage for your medical needs beyond borders. It ensures you’re protected whether you’re at home or abroad. If you require inpatient care, such as surgery or hospitalisation, the insurance covers these expenses. 

Likewise, outpatient services like doctor visits and prescriptions are also included. In case of emergencies, evacuation services ensure you receive prompt medical attention, regardless of your location. Plus, you have the flexibility to choose private hospitals for faster, personalised care tailored to your needs.

Most insurers in the UK, like AXA and Bupa, offer global coverage through specialised plans such as AXA International and Bupa Global. These plans provide comprehensive coverage, including access to a wide network of healthcare providers worldwide. Companies like Cigna also offer extensive international coverage, ensuring you and your loved ones have access to quality healthcare wherever life takes you.

What does international health insurance cover?

International health insurance typically covers a range of medical expenses and services while you’re travelling or living abroad. Here’s a summary of what it commonly includes:

• In-patient and Out-patient Treatments
• Emergency Medical Evacuation
• Emergency Dental Care
• Repatriation of Remains
• Prescription Medications
• Maternity Care
• Chronic and Pre-existing Conditions
• Mental Health Services
• Routine Health Check-ups
• 24/7 Assistance Services
• Medical Transport
• Emergency Accommodation and Travel Expenses

It’s important to carefully review the specific cover details of any international health insurance policy to understand exactly what is included and any limitations or exclusions that may apply.

What is not Covered?

International health insurance policies often have exclusions or limitations. While these can vary depending on the provider and policy, here are some common items that may not be covered:

• Pre-existing Medical Conditions
• Experimental or Unproven Treatments
• Self-inflicted Injuries
• Illegal Activities
• Certain Sports or Activities, such as skydiving or extreme sports
• Routine Dental and Vision Care
• Cosmetic Procedures
• Travel-related Expenses
• Non-medical Expenses

International Health Insurance vs Travel Health Insurance

When you’re travelling on a short trip abroad, it’s smart to get travel health insurance. It covers you in case of emergency if unexpected things happen while you’re away. However, if you plan to live in another country for a long time, you should consider an international medical insurance plan.

Travel insurance is only for short trips and mostly just helps with emergencies. It doesn’t usually cover things like existing health problems, pregnancies, dental, etc. It’s mainly for protecting you if something unexpected happens during a vacation or business trip, not for regular health care. 

If you’re moving abroad for a while, international health insurance is better because it gives you more comprehensive cover for longer periods

Who is International Health Insurance for?

Regardless of your circumstances, you can obtain this coverage. However, it typically falls into three main categories:

Students

Worldwide cover is essential for students studying abroad. Whether they’re pursuing higher education or participating in exchange programs, students need access to healthcare services in their host country. This insurance provides coverage for medical expenses, allowing students to focus on their studies without worrying about healthcare costs.

Expats

These are individuals who move to another country to live and work for an extended period. They might be employees of multinational companies, retirees, or individuals seeking new opportunities abroad. International health plans ensure they have access to quality healthcare while living away from their home country.

Families

Families who relocate to another country together or travel frequently outside their home country also benefit from a global medical insurance plan It ensures that all family members, including children and elderly relatives, have access to medical care while abroad. This coverage is particularly important for families who may face language barriers or unfamiliar healthcare systems in their host country.

Benefits of Having International Health Insurance

Having international health insurance is like having a safety net no matter where you go.

Global Cover

It covers you globally, meaning you’re protected wherever you are, whether it’s a vacation spot or a foreign country where English isn’t commonly spoken. This insurance also gives you access to doctors who speak English, making medical visits much smoother

Worldwide Top-Notch Service

You get to use private healthcare facilities, known for their top-notch service and quick attention. Unlike some places where you might have to wait a long time for care, with international health insurance, you can get help right away.

Monetary Value

It helps you save money by covering a big chunk of your medical expenses, so you don’t have to worry about paying a lot out of pocket. 

Overall, it’s like having peace of mind in your back pocket wherever you go.

What is the typical cost of an international health insurance plan?

The typical cost of an international health insurance plans can vary quite a bit depending on several factors. On average, you might expect to pay an average of £500 per month. However, this cost can change based on different things.

First, where you’re covered matters. Plans that cover more countries or worldwide including the USA usually cost more. 

Your age also plays a role; younger people usually pay less than older adults. Plans with more benefits, like maternity care or dental coverage, tend to cost more than basic plans.

Insurance companies might charge more or even exclude coverage for certain conditions.

Other things like excess (the amount you pay before your insurance kicks in) and co-payments (the amount you pay for each visit or service) can impact the cost too.

And finally, if you want any extra features like evacuation coverage or wellness programs, that could raise the price as well.

Do I need International Health Insurance?

While international health insurance is not mandatory for every traveller, it’s really helpful, especially if you’re going on a long trip or to a place where medical care is expensive. Think about what you need: if you’re travelling a lot or going somewhere with pricey healthcare, insurance is important. 

Having good international health insurance is super important because it keeps you from having monetary problems if something goes wrong while you’re away. If you don’t have it, you could end up with huge bills for accidents, sickness, or other unexpected stuff. So, make sure you have the right insurance before you start your trip.

How to Buy International Health Insurance and Save Money?

Here’s a simple guide on how to buy international health insurance:

Find a Provider

Look for an international insurance provider either in your home country or online. Many companies and brokers specialise in global cover. In the UK:

• AXA International
• Bupa Global
• CIGNA
• Allianz Care
• Freedom Health International

Review Policies

Check out the insurance policies offered. Providers usually offer basic and comprehensive plans. Basic plans cover emergencies, while comprehensive plans cover a wider range, including dental and eyewear expenses.

Purchase Your Plan

You can buy an international plan directly from the insurance company, through a licensed insurance agent or via an insurance broker who can provide multiple options tailored to your needs.

Summary

Discover the peace of mind that comes with international health insurance from PremierPMI. Our advisors will guide you through the best plans which include inpatient and outpatient treatments, emergency evacuation, dental care, and more. Whether you’re a student, expat or family, safeguard your health wherever you go. 

With options from trusted providers like AXA International and Bupa Global, find the perfect plan tailored to your needs. Don’t risk hefty bills or inadequate care while abroad—ensure you and your loved ones are protected with comprehensive international health insurance.

Stuart Hendy, Senior PMI Advisor &Editor

Stuart Hendy is a highly experienced health insurance broker with extensive knowledge of private medical insurance and private treatment. His expertise is frequently sought by industry professionals and his insights have been featured in leading financial publications. Stuart is committed to providing his clients with the best possible healthcare solutions and empowering them to make informed decisions.

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