The importance of medical insurance for expats
If you're setting yourself up to spend your retirement abroad - or perhaps have found your place in the sun already - you need to ensure that you've got yourself covered when it comes to medical insurance. With every country running a different healthcare system to the last, you have to know that your well-being is paramount and the only way to be entirely sure is to have specialist medical insurance for expats ready to go should you need it. If you or your family fall ill, there's little worse than dealing with the added stress of knowing there's a huge bill waiting at the end of it.
I rarely get ill, so why would I need medical insurance?
Healthcare systems around the world are all very different; some are fantastic and will see you dealt with and back on your feet in next to no time. Take somewhere like Canada, a country where universal healthcare is an inalienable right for everyone - visitors included, and even expats. If you fall ill or get involved in an accident there's probably no better place on earth to find yourself - but not every country can boast such a high quality system.
Many are less than renowned for their approach to healthcare, including Canada's neighbours to the south: the USA - this is a place where a simple doctors visit and basic medicines can begin a process where bills just start piling up. Hospital stays often end up breaking the bank with patients incurring debts that need to be paid. While free clinics are available, you'll not receive the kind of attention that you've grown used to here in the UK and could find yourself worse off.
Who can I speak to about medical insurance for expats?
This is, of course, a worst case scenario; many countries offer a basic and free healthcare service for those in desperate need, but should illness strike or accidents occur, you don't want to be worrying about where you can find help. Before you even set off to your new home, your first step should be to speak with your independent financial advisor. They'll be able to put together a medical insurance package that will offer you the finest in private care at a surprisingly affordable rate that will be ideally suited to your needs - even if you have pre-existing conditions.
Having the peace of mind of knowing that you're covered no matter what kind of emergency may arise is priceless; it doesn't have to cost huge amounts of money, but it could potentially save you a small fortune. Medical insurance for expats allows you to relax and enjoy yourself, safe in the knowledge that everything will be OK.
If you're setting yourself up to spend your retirement abroad - or perhaps have found your place in the sun already - you need to ensure that you've got yourself covered when it comes to medical insurance. With every country running a different healthcare system to the last, you have to know that your well-being is paramount and the only way to be entirely sure is to have specialist medical insurance for expats ready to go should you need it. If you or your family fall ill, there's little worse than dealing with the added stress of knowing there's a huge bill waiting at the end of it.
I rarely get ill, so why would I need medical insurance?
Healthcare systems around the world are all very different; some are fantastic and will see you dealt with and back on your feet in next to no time. Take somewhere like Canada, a country where universal healthcare is an inalienable right for everyone - visitors included, and even expats. If you fall ill or get involved in an accident there's probably no better place on earth to find yourself - but not every country can boast such a high quality system.
Many are less than renowned for their approach to healthcare, including Canada's neighbours to the south: the USA - this is a place where a simple doctors visit and basic medicines can begin a process where bills just start piling up. Hospital stays often end up breaking the bank with patients incurring debts that need to be paid. While free clinics are available, you'll not receive the kind of attention that you've grown used to here in the UK and could find yourself worse off.
Who can I speak to about medical insurance for expats?
This is, of course, a worst case scenario; many countries offer a basic and free healthcare service for those in desperate need, but should illness strike or accidents occur, you don't want to be worrying about where you can find help. Before you even set off to your new home, your first step should be to speak with your independent financial advisor. They'll be able to put together a medical insurance package that will offer you the finest in private care at a surprisingly affordable rate that will be ideally suited to your needs - even if you have pre-existing conditions.
Having the peace of mind of knowing that you're covered no matter what kind of emergency may arise is priceless; it doesn't have to cost huge amounts of money, but it could potentially save you a small fortune. Medical insurance for expats allows you to relax and enjoy yourself, safe in the knowledge that everything will be OK.
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