The importance of international health insurance is increasingly evident for today's growing business. Conducting business overseas and obtaining global partners is common for economic growth. With this increased international business comes a higher chance of illness, accident or injury on foreign land. Your employees must be financially prepared if it happens.
Nearly half of all US travelers need some sort of medical attention when away from home. This figure includes business travelers. Most standard health insurance plans do not cover medical care outside the US. If an emergency occurs, this could be disastrous. Foreign medical airlifting, for example, can cost up to $90,000. Providing international health insurance or travel medical insurance for your employees is essential for peace of mind and financial security.
There are three main types of international health insurance.
1. Long term international health insurance for expatriates
2. International health insurance for non-US citizens
3. Travel medical insurance
Locate long term international medical insurance providers for expatriatesLong term international medical insurance is typically reserved for groups which have employees that live in foreign nations for months or years at a time. Coverage can be similar to US health plans to include dental, vision and hearing coverage, or they can be minimized to save money.
Find reputable international health insurance providers for non-US citizensIf you have foreign business partners or employees that plan to stay in the US for an extended period of time, international health insurance coverage can help them as well. Typically, plans cover medical care across the globe if you currently live, or plan to live in the US.
Explore the option of travel insurance for international health insurance coverageInternational health insurance for travel is usually reserved for businesses or individuals who only briefly travel abroad. It covers medical care, travel emergencies and foreign medical evacuation.
- Typically, groups of at least 5 can get discounted foreign health insurance rates.