Ensuring your company provides a comprehensive expat healthcare package

Published:  6 Mar at 6 PM
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With emigration for work purposes becoming even more common, it’s important for expats to ensure their company provides adequate healthcare packages.

Most international companies include quality healthcare insurance as an incentive to lure the best of the rest to offshore positions across the world. Would-be expat workers need to make certain the insurance package offered covers healthcare for themselves and their families relevant to their new location.

Company-based private health cover should take care of long-term treatments including cancer care as well as emergency hospital charges, consultants and surgeons’ fees and adequate aftercare. Many overseas locations, especially in developing and third-world countries, provide inadequate local healthcare in comparison with Western standards, making a medivac provision an essential add-on to expat healthcare packages.

Nowadays, due to increased competition in the sector, private healthcare companies are including extras such as dental and eyecare as well as regular routine checkups. As regards self-insurance, the most expensive can often prove the least effective as regards value for money.

For example, all-in cover tops the list as regards price, but a mix of local healthcare provisions combined with added extras covered by private insurance is a better deal for younger expats and those heading for countries with established healthcare expertise such as Australia, Canada, the USA and most European states. The cost of full cover in, say, Southeast Asia, may be eye-watering but ensures the best treatment if things go seriously wrong.

In addition, tailoring any health insurance to your specific needs, and those of your family if relevant, is the sensible option. Location is another factor which needs to be taken into consideration, as European and USA medical costs are high, whilst those in the Asia Pacific region are considerably lower.

Nowadays, human resources managers are attempting to provide the most suitable policies for a range of expat employees across the world, with analysing individual needs proving more cost-effective than the previously popular one-size-fits-all policies.
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