Mistake 1: Not Purchasing Health Insurance at All

One of the biggest mistakes expats make is not purchasing health insurance before moving abroad. Some may think they are young and healthy and do not need it, or they may assume their current plan will cover them. This is a dangerous assumption to make because the cost of medical care in a new country can be very high.

Why it’s a problem

Without health insurance, you are responsible for covering all medical costs out-of-pocket, which can quickly deplete your savings.

How to avoid it

Prioritize securing an appropriate health insurance plan before your move. This should be one of your first steps when planning your relocation.

Mistake 2: Assuming Medicare Will Work Abroad

Many American expats mistakenly believe their Medicare coverage will extend to their new country of residence. This is not typically the case.

Why it’s a problem

Medicare is primarily designed for U.S. residents and generally does not cover medical expenses incurred outside of the United States.There are some rare exceptions, such as emergencies near the U.S. borders, but standard medical treatments abroad are not reimbursed.

How to avoid it

Understand that Medicare is not designed for international coverage. Explore alternative health insurance options specifically designed for expats such as non-ACA medical insurance or international health insurance plans.

Mistake 3: Underestimating the Costs of Medical Care in a New Country

Healthcare costs vary significantly from country to country. Expats often underestimate the expenses associated with medical treatments in their new location.

Why it’s a problem

Failing to understand local healthcare costs can lead to inadequate insurance coverage, leaving you with significant bills for unexpected medical needs.

How to avoid it

Research the cost of healthcare in your destination country. Ensure your insurance plan has high coverage limits to provide adequate financial protection. Agora Expat can help you understand the healthcare system in your new location.

Mistake 4: Misunderstanding Coverage Limitations

It is essential to fully understand the terms and conditions of your health insurance policy. Many expats fail to grasp the limitations of their coverage and end up surprised by uncovered expenses.

Why it’s a problem: Insurance plans may have restrictions on pre-existing conditions, specific treatments, or geographic coverage. A lack of understanding can lead to unexpected costs.

How to avoid it: Carefully review your policy, paying close attention to what is and isn’t covered. Consider working with a broker who can explain the details of your plan. Agora Expat provides detailed advice on insurance plans.

Securing the Right Expat Health Insurance

To avoid these common pitfalls, here are some essential steps to take:

Work with an Expert

Consult a health insurance broker specializing in expat coverage. Brokers like Agora Expat can help you navigate the complexities of international insurance and find a plan that fits your needs.

Assess Your Needs

Consider your specific health requirements, including pre-existing conditions, prescriptions, and family needs.

Research Local Healthcare

Familiarize yourself with the healthcare system in your destination country.

1. Compare Plans: Evaluate the flexibility, cost, and coverage of available options.
2. Choose a Plan with Worldwide Coverage: International health insurance plans often offer worldwide coverage for both emergency and non-emergency medical care.
3. Look for 24/7 Support: Choose an insurance company that offers 24/7 support, including emergency assistance and coordination with providers.

By taking a proactive and informed approach to your expat health insurance, you can safeguard your health and finances while enjoying your time abroad. Don’t let these common mistakes derail your international adventure!

Ready to Secure Your Health Insurance?

Don’t wait until it’s too late. Contact Agora Expat today to discuss your individual needs and find the best health insurance plan for your life abroad. Let our experts guide you towards a worry-free experience. Talk to an expert now!