Price is obviously an important consideration when looking at an International Medical Insurance policy.
You should be aware that all International Health Insurance plans are going to be more expensive than buying a localised plan for a single country. This is due to a variety of factors including the level of benefits being provided, the fact that you can choose to access any medical facility you wish within your area of cover, and, finally, the increased overheads for international providers running a global operating structure.
While the pricing is more expensive, you do get good value for that extra spend with the depth and strength of the product being bought. Like all health insurance plans, you should also budget for the cost of the plan to rise each year, generally between 8% and 15% due to a mixture of medical inflation, age increases and the cost of treatment in your residency country.
Pricing of a plan varies greatly depending on your age, the country you live in, the product benefits you choose and your region of cover. To give a feel of the pricing range, some examples are included below:
Cost of International Health Insurance examples
Example 1: A couple ages 35 & 38, resident in India, purchasing a mid-tier International Health Insurance plan, including dental and vision with no excess or deductible.
Indicative premium: Worldwide excl. USA
£3,795 – £8,454
Indicative premium: Worldwide incl. USA
£5,502 – £18,696
Example 2: A family aged 40, 42, 10 and 6, resident in the UK, purchasing a mid-tier International Health Insurance plan, with no dental and vision and no excess or deductible
Indicative premium: Worldwide excl. USA
£8,664 – £13,939
Indicative premium: Worldwide incl. USA
£12,563 – £26,484
Example 3: A couple aged 28 & 31, resident in France, purchasing an entry level International Health Insurance plan, with some outpatient cover, no dental or vision and no excess/deductible.
Indicative premium: Worldwide excl. USA
£3,218.92 – £4,084
Indicative premium: Worldwide incl. USA
£4,097 – £8,474