International Private Medical Insurance FAQs

 

 

Q: WHAT IS INTERNATIONAL PRIVATE MEDICAL INSURANCE?

A: "International Private Medical Insurance is designed to provide healthcare for employees on overseas assignments. The policy has a schedule of benefits that details what members can claim for. The main features for employees are: Quick access to healthcare Cover for the management of chronic conditions Support and advice about the region the employee is located Maternity treatment and care Can be a visa requirement Peace of mind for the employee that eligible medical costs are covered"

 

Q: HOW DOES INTERNATIONAL PRIVATE MEDICAL INSURANCE FOR EMPLOYEES WORK?

A: "Organisations that provide international private medical insurance to their employees are required to pay the employee’s premium in order for it to qualify as a Company Group Scheme. Some organisations will look to cover the employee’s dependants as well or allow employees to add dependants at their own cost. Once the policy has been implemented, the employees will receive a membership pack and card that details how they can claim and what benefits they can access under the scheme. These details along with further information and support can also be found online on the insurer’s website. Countries around the world will have a different approach of providing healthcare, but many do not operate a state run health service and it may be mandatory that your employee has private healthcare in order to live and work in some countries. Typically, overseas based employees would be required to pay for all of their medical needs, including routine GP visits, so most international medical plans provide very comprehensive cover to meet most of your employee’s medical needs. International plans often include repatriation cover; to get the member back to their home country should they need to. This can be particularly important if the employee has a family."

 

Q: WHAT’S REQUIRED FOR A COMPANY PRIVATE MEDICAL INSURANCE QUOTE?

A: "In order to obtain an accurate quotation you will be required to provide a certain level of information: A list of proposed members along with their date of birth The employee’s nationality and where they will be located. There are many benefit options that can be selected and many clients find it most effective to have a discussion with one of the Elect Team in order understand the type of cover you are looking to provide."

 

Q: WHY CHOOSE ELECT TO PROVIDE INTERNATIONAL HEALTHCARE FOR YOUR EMPLOYEES?

A: "Elect simplifies the process of selecting your International Private Healthcare for your business. We have done a lot of the hard work for you by approaching the market and conducting a robust tender exercise. Through this process our selected provider has passed all our checks to ensure the policy is: Secure Provided by a financially stable provider Competitively priced Offer built in additional benefits at no extra cost to you. You will also have the support of the Elect team from inception to ongoing account management. We will assist you in delivering these benefits effectively and have the expertise to ensure you fully understand how these policies work."

 

Q: WHY WOULD INTERNATIONAL PRIVATE HEALTHCARE BENEFIT YOUR BUSINESS?

A: "International Private Medical Insurance can benefit businesses in many ways. The key benefits are: Ensuring your employees have speedy access to treatment, getting them back into the workplace and reducing the impact on productivity. Providing security and support for your employee if they are moving to a new region Having an International Private Healthcare plan demonstrates to employees that their health and wellbeing is important and can help to attract and retain employees to your business. In some regions it is a mandatory requirement that private healthcare is provided in order to meet visa requirements."

 

Q: WHAT IS THE COST OF INTERNATIONAL COMPANY HEALTH INSURANCE?

A: "There are many factors that can drive the cost of International Private Medical Insurance, such as: The level of cover you select Age of the members Number of members you wish to cover The region you wish to cover In order to understand what the cost may be we would recommend that you contact us to discuss your requirements and we can help you find the right balance between the level of cover and the cost to your business."

 

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