The difference between international health insurance and travel insurance is a source of confusion for so many. Although both the insurance policies are intended for those people who spend most of the time away from their home country, each product's intended purpose is different. Not understanding this difference may lead you with the wrong international medical insurance while you are in foreign country and you may suffer from unexpected medical expenses.
International health insurance is mainly designed to provide a comprehensive level of health care to those who relocate from their own country for a sustained period of time, whereas travel insurance provides cover for emergency treatment while you are in foreign country for a shorter time period.
Here we will look for both travel insurance and international health insurance.
What is travel insurance?
Travel insurance will cover you for trips of a limited duration. It is intended for holidaymakers and short term trip abroad and offers protection against travel-related issue such as:
- Loss of luggage
- Loss of personal belongings
- Emergency medical treatment
- Misplaced or lost travel documents
In terms of medical coverage, travel insurance policy is intended to provide short-term emergency medical treatment within your specified area. The primary aim of travel insurance policy is to get you well enough to return home. Travel insurance primarily does not cover long-term medical treatment.
If any further treatment is required, you will usually be expected to return to your own country. The cover terminate once you are back in your home country. It is advisable to purchase such a scheme as you will be covered against any significant contingencies arising while on a holiday. This will ensure peace of mind and a relaxing vacation.
What is international health insurance?
International health insurance is mainly designed for those who live or work overseas for a long period of time. It covers treatment and medication for both emergency and routine healthcare. It provides foreigner with flexibility in terms of choice of doctor, treatment facility and medication facility, with the ability to receive the treatment anywhere within their region of the cover.
If you are relocating or if you have a home in foreign country where you spend a significant amount of time, international health insurance may be required. If you experience a medical emergency or even routine medical care in a country where you are not familiar with the health system, international health care coverage will ensure you get adequate medical attention. Global health insurance benefits vary by plan but often include:
- Hospital stay
- Routine check-ups
- Cover of pre-existing conditions
- Cover of chronic conditions
- Choice of medical providers
Essentially, travel insurance policy makes sure that you are able to return home in order to seek treatment. On the other hand, international health insurance facilitates treatment anywhere in the world, within the region of the cover.
So, now that you have packed your bags, you should also think for investing in a good insurance policy that accomplishes your requirements.