People moving abroad to work for only a few months can now take out an international health insurance for less than a year.
Many international health insurance companies only offer a minimum of 12 months cover but now Bupa International has launched a short term international private medical insurance (iPMI) policy called Bupa Flex.
Under the plan, customers can take out cover for a period of between three and 11 months. Bupa says the plan offers customers value for money, as previously those moving abroad for less than a year would have needed to buy a 12 month iPMI plan.
‘We’ve listened to our customers and designed Bupa Flex specifically for their short term needs. If you are relocating abroad, or travelling on an overseas assignment through work, you don’t necessarily want to take out a full year’s policy, but you still want the comprehensive cover iPMI provides,’ said Muriel MacCallum, marketing director at Bupa International.
‘This new product means that our customers will still have access to the best possible care and treatment, wherever they are in the world, but with a time frame and price that suits their needs,’ she explained.
‘And unlike with travel insurance, Bupa Flex will allow customers to extend their cover at any time, down to the day, wherever they are in the world,’ she added. However, the United States is not covered.
Meanwhile new expats and those whose circumstances change during the life of their policy are being advised to check their cover.
International insurer Axa PPP advises health insurance purchasers to check if their insurer will settle claims direct with hospitals and clinics and the time it takes for claims to be settled.
If you are approaching retirement you should check if your insurer will continue to cover you after the age of 65 as some won’t.
Those seeking to save money consider if they need cover in a country with high costs such as the United States that they won’t need to visit. In addition, purchasers should check that they are not over insuring. For example, it is questionable if repatriation cover is needed in a country with advanced medicine widely available.