Some people move abroad without health insurance hoping to save money. But is it really an economic decision? Is expat insurance really expensive and how much does an international health insurance cost ?
The number one common misconception on health insurance: international health insurance is expensive — False
But is that really the case? To answer this question, we can compare the cost of expat insurance with the cost of health insurance in France, which will supplement social security reimbursements. Internationalinsurance for expatriates such as GoldExpat,is available from 27 euros per month. A complementary mutual in France will very quickly exceed this sum. You must also add to a contribution from a French supplementary mutual, the amount of payroll taxes that will be mandatory deducted from your income whether you are employed or self-employed. For only 310 euros per year, you have with GoldExpat International Health Insurance, coverage at 100% of the actual costs in case of hospitalization, coverage at 100% for maternity, coverage for medical consultations and fees pharmaceutical companies. If you take out insurance to take care of you from the 1st euro spent,your premium starts from 80 euros per month, which is still very correct. In addition, expat insurance allows you to freely choose your doctor, even from the private sector to get the best care and covers you all over the world! International expat insurance can therefore cost you less than local insurance.
The common misconception number two: local insurance is more suitable — False
People living outside their home countries are mobile internationally and more often than average need to travel: for work, to find family or friends by definition in different countries around the world and also to spend their holidays. It is therefore essential to be able to be covered in different places even the most remote. International health insurance allows them to have coverage worldwide and thus save money because they can be reimbursed and taken care ofif they encounter a health problem in these countries.
The common misconception number three: it costs me more to have insurance than not to have it — False
This assumption applies as long as everything is fine but experience shows that you have to be careful especially as you live abroad. Unfortunately, no one is immune to an accident or illness that is triggered without a history or a virus. Medical costs can then increase exponentially and without adequate health insurance, all your savings can pass you much more than paying your dues regularly. Health insurance is one of the insurances that you necessarily use at one time or another because there always comes a time for prevention reasons or to treat you where you may need it.
A French family moved to London. A week later, the father of the family has a toothache. He wants to see a doctor whom his friend has advised. The doctor indicates that he needs dental treatment. Without international expat insurance, he would have had to pay at least 180 euros (the cost of the treatment). With goldExpat international insurance, it will be refunded at 90 of the actual costs, so it must pay only 18 euros. International insurance for expats also allows you to freely choose your doctor.
Matt, 32, has just moved to the United States to start his start-up. He wants to get back in shape and for that he trains once a week in the gym. One day, during his weekly sport, a weight falls on his foot. He was rushed to hospital. He underwent surgery in the United States and remained in hospital for 10 days. Upon his release, the hospital’s bill was $40,000. He does not have that money in his bank account. Without insurance, he should have borrowed or become insolvent in the U.S. Thanks to his insurance, he did not have to advance a fee and it was the insurer who paid for everything.
Bruno, 18, went to Vietnam on vacation, he decides to rent a motorcycle to get around town, and has an accident with another motorcycle. Bruno suffered minor injuries, was taken to hospital and spent two days there. Without insurance, he would have had to pay 950 euros. With the international GoldExpat Premium insurance, it is covered at 100 of the actual costs for hospitalization.
The common misconception number four: it’s complicated to buy international health insurance — False
Taking out international insurance for expats helps to cover against accidents and illnesses on a daily basis. You get a 100% coverage for hospitalization with direct payment of the costs. You have the choice of your practitioners all over the world. Our medical platform is accessible 24/7.
You can request a quote for your international health insurance for free online and also get without commitment from you all the advice of our insurance experts. We’re here to help you find the best insurance solution based on your budget and situation. The insurance purchase is done online as well as then the management of your care claims. We are here to accompany you and make your life easier. The formalities are kept to a minimum.