Expat insurance with Covid19 coverage, Best Covid19 health insurance for global expats

Impact of Covid19 on expats and need for good expatriate insurance

Expats living outside their home country due to their work are understandably very anxious about the current situation. Many companies looking to expand operations in new markets deploy expatriates as they prefer someone that has already delivered results with highly specialized talent for the business and project. Expat visas of all foreign nationals while on employment and project visa are popular in this situation.

Expats however cost more than what they would cost in an equivalent position back home which is making it more difficult than the current global situation. The added expenses like travel, host or home-country tax differentials, immigration requirements, work permit and relocation allowances creating greater risk for businesses as the lockdowns will affect visa processing. Thus making it more difficult and dangerous to travel.

The global economy is in an unstable mode and international travel is now increasing tense thanks to the COVID-19 pandemic. Relief flights are being sent by countries to evacuate their nationals back to the home country. Expats living outside their home country are perhaps feeling extra isolated and insecure about their current situation. International assignments can be stressful even in normal conditions, in the wake of the covid-19 an immense uncertainty, being far away from their families and friends are making them impatient to return home.

It is understandable that there is need for expats to return to the relative security of home, this might take time and you are worried of your safety and wellbeing. The need for good expat insurance. By having proper expatriate insurance you are protecting yourself for all unexpected emergencies while you are stranded outside the home country. The Expat insurance will cover all medical expenses incurred for the treatment provided to the expat. Without insurance it will be very difficult to pay for expensive treatment. To be stress free it is recommended to get the best Expat insurance.

The following companies are offering Expat medical insurance which includes coverage for coronavirus.

GeoBlue:

GeoBlue offers Xplorer Premier insurance with Covid19 coverage. Diagnostic testing for COVID-19 is covered without copay or other member contribution.

Treatment for COVID-19 is covered as an Illness under the policy, unless a member failed to depart a country within a reasonable time from the date the country became subject to a level-3 travel warning by the CDC, or similar travel warning from that country’s government. Members remaining in a country in that circumstance would not be covered for COVID-19, but otherwise would retain all coverage under the policy within its normal terms and conditions.

Preventive quarantine in a hotel, cruise ship or any other location would not be covered. The plan would cover medical evacuation if deemed medically appropriate for the illness/injury, subject to the usual plan provisions.

For existing members with long-term coverage, they retain all coverage under the policy within its normal terms and conditions. In addition, the plans are waiving copay and other member contribution for diagnostic testing for COVID-19 and for covered treatment once diagnosis occurs.

International Medical Group:

International Medical Group offers Global medical insurance with Covid19 coverage for international expatriates and global citizens. It may provide coverage* for COVID-19 related care if the expats have purchased and entered the destination country prior to either: 1) the CDC issuing a Warning Level 3 (avoid nonessential travel) for their Destination Country; or 2) a government agency of their Home Country publishing or issuing a Travel Warning or Emergency Travel Advisory regarding your Destination Country. Eligible Medical Expenses that may be considered for coverage include, but are not limited to, charges for illness, injury or medical evacuation.

Disclaimer:*This is a summary of a selection of plan benefits offered only as an illustration and does not supersede in any way the Certificate of Insurance and governing policy documents (together the "Insurance Contract"). The Insurance Contract is the only source of the actual benefits provided.

Typical global health insurance customers and expatriates

US Citizens living outside the US for at least 6 months during the year. The six month stay outside does not have to be contiguous.
Foreign nationals (non-US Citizen) living in their home country, but want quality US health insurance coverage. For example, Canadian or Mexican citizens who would like to access US health care.
Foreign nationals living outside their home country for extended period of time.
Foreign National living in the US, but who are not eligible for an US domestic carrier's plan.

Expatriate insurance plans, Expat medical insurance USA - FAQ's

There are Expat health insurance plans available that cover covid 19 as a new illness. Expats and global travelers can compare best Covid expat health insurance plans and buy it online. These covid travel insurance plans are available for International travelers living and working outside their home country for long period of time

You have a broad range of international medical insurance options. There are basic fixed benefit plans which provide a fixed coverage for different medical treatments which suffice for basic health care, there are also comprehensive global health insurance options which provide extensive healthcare cover up to the policy medical maximum up to 8 million US Dollars. Along with medical coverage, there are also options for preventive care, vision, dental benefits as well as medical evacuation.

The cost of international health insurance varies depending on the insurance company and the plan chosen. The main factors on which the cost of insurance depends on are the age of insured, the medical maximum chosen, the deductible for the plan, the geographic region where you want coverage, the payment frequency option (monthly, quarterly or annually) as well as any add-on coverage, The fixed benefit expat insurance options (which have fixed limits for different coverage) are significantly cheaper than the comprehensive expatriate health insurance plans (which have no limits for different treatments up to the medical maximum).