One critical aspect of living or working abroad that’s often overlooked is securing robust international health insurance. Even though we all aspire to maintain optimal health, unpredictable accidents can arise, be it an unexpected dental issue or an unforeseen injury. With such uncertainties, having comprehensive international health insurance becomes paramount, ensuring you’re covered for unforeseen medical expenses, wherever you are in the world.
Key Roles of International Health Insurance
Coverage for:
- medical expenses such as consultation fees, treatment costs, surgery fees, and hospitalisation expenses.
- medical expenses during health check-ups.
- childbirth expenses and dental costs.
Advantages of International Health Insurance
International health insurance offers extensive coverage for medical treatments anywhere in the world, at any time. It minimises the risk of high medical expenses while living or traveling abroad, ensuring access to high-quality healthcare. In case of emergencies, you can receive medical treatment at your place of stay without needing to return to your home country.
Some insurance plans even include medical evacuation services, ensuring immediate transportation to suitable medical facilities. Insurance plans can be customised based on your current health status and future health risks. By having international health insurance, you can improve access to regular health check-ups, enhancing the chances of early detection of potential life-threatening illnesses.
Read our summary on Unisure’s Global Mortality Report here.
Most importantly for expatriate families, international health insurance plays a crucial role in securing your child’s birth in a foreign country. By securing coverage for your child several months before the anticipated due date, you can ensure protection against unforeseen medical expenses post-delivery. Childbirth, inherently unpredictable, can bring forth unexpected costs. However, with the right insurance, the financial stress can be significantly reduced.
Read this write up from Luke White, our Private Wealth Manager, on being a new expatriate parent here in Malaysia.
How to find the best International Health Insurance
At Melbourne Capital Group, we’re here to support you and ensure you and your family stay protected.
Medical systems and standards in Southeast Asia vary significantly from one country to another. While some countries offer well-established medical systems providing high-quality care, others may have limited resources and infrastructure. Private facilities suitable for expatriate families can be costly, and some insurance plans might have limitations on coverage.
We collaborate with international health insurance partners to help you find the best insurance plan among a wide range of options that suits your needs.
Find out more on our process on sourcing the right coverage for you here.
If you’re unsure about the right insurance plan for you or considering changing your current plan, feel free to reach out to us. By filling out the provided form or sending an email to info@melbournecapitalgroup.com, one of our experienced wealth managers will conduct a simple complimentary consultation to guide you in the right direction.
