8 Things you Need to Know When Buying International Health Insurance for Overseas Students
When buying health insurance as an overseas student, there are several important considerations to keep in mind. Here is a guide to help you navigate this process:
1. Understand the Requirements
Depending on your destination country, visa type, and educational institution, health insurance requirements can vary. For instance, in the U.S., J-1 and J-2 visa holders must have medical insurance for the full length of their program, whereas F-1 and M-1 visa holders are not mandated by the government to have health insurance, though many schools have their own guidelines.
2. Types of Insurance Plans and Coverage
Health insurance plans can differ significantly in terms of coverage, deductibles, and policy maximums. Plans with higher coverage levels or lower deductibles tend to be more expensive. It's crucial to understand what your plan covers, especially for emergency medical situations, medical evacuation, repatriation of remains, etc.
3. Cost Factors
The cost of insurance is influenced by factors such as the plan type, your health history, location, age, and the insurance company. It's important to compare different options to find the right one for you. If you are looking for plans that cover the US for example, they can be considerably more expensive than coverage outside the USA.
4. Early Purchase and Waiver Forms
Avoid buying insurance at the last minute. If your school allows it, you can buy a plan from a third-party insurance company and submit a waiver form to the university, but ensure the plan meets the institution's requirements.
5. Healthcare Systems in Different Countries
The healthcare system varies by country. For example, in the UK, most international students are eligible for free healthcare through the National Health Service (NHS) if they are studying for more than six months and pay the Immigration Health Surcharge as part of their visa application.
6. Choosing a Plan
When selecting a plan, consider factors like what you can afford to pay in a medical emergency, coverage limits, and the presence of a Preferred Provider Organization (PPO) network, which can allow direct billing of expenses. this stops you having to use your own credit card to pay for Out of pocket expenses. If you are feeling over whelmed with all the jargon, visit our jargon buster.
7. Wellness Benefits
Wellness benefits, such as coverage for routine check-ups and preventive care, can be a valuable addition to your healthcare insurance.
8. Global Coverage
Some plans offer global coverage, which can be beneficial if you travel frequently during your studies. But dont forget, you may only need two country coverage, home and where the school is…dont over pay.
Remember, having adequate health insurance as an international student not only complies with visa and university requirements but also provides peace of mind, ensuring you're covered in case of medical emergencies. Always read the fine print and understand the terms, exclusions, and conditions of your insurance policy.
