What is International Medical Insurance?
International Private Medical Insurance (IPMI), also known as International Health Insurance, is a very comprehensive Private Medical Insurance policy which can be used anywhere in the world.
It can cover the full range of medical treatment that you might ever need as an expatriate, or as a local national who wants the very best cover and medical facility choice available.
Why should I take out International Private Medical Insurance?
Some of the most common reasons that people take out International Medical Insurance are:
- As a visa requirement
- As a mandatory healthcare requirement
- Wide range of cover
- Geographic coverage
- Wide medical facility access
Consider the potential costs that could occur for yourself, your family or even your employees if you are to travel or relocate without international health insurance in place.
Hooray’s protection experts can help review which policy is the right fit for you and your budget.
Is International Medical Insurance taxable?
Depending on where you or your employees are living and purchasing from, there may be taxes applied to the premium.
For example, members residing in the UK will see 12% IPT (Insurance Premium Tax) included in their policy pricing. For members residing in Dubai, however, the new insurance VAT at 5% will apply.
All taxes would be paid via the premium you are charged by the insurer, for them to pass on to the relevant local authority.
From an employee perspective, if International Medical Insurance is provided as an employee benefit, it would be taxable as a benefit in kind.
Are there added value services with International Medical Insurance?
All International medical insurance plans come with a range of differing added value services from the different insurers in the market.
Some of the most common and useful ones are:
- International virtual GP
- Independent second medical opinion
- International EAP
- Security services
- 24-hour medical helpline
Hooray Health & Protection can review what your personal or business Private Medical Insurance needs are and then advise on the insurers with the most useful added-value services.
The international health market is one of the most complex markets in the health and protection industry. This is partly due to the number of insurers available and the unique terms and conditions each insurer applies to their products.
By reviewing your new or existing policy with one of our protection experts, you can ensure that you have the right insurance policy for yours, your family’s or your company’s needs.
Why use Hooray Health and Protection for International Medical Insurance?
Here at Hooray Health and Protection, we know what it takes to provide the very best level of cover.
We are on hand to not only guide you through the process but, thanks to our team of experts, ensure you have the right cover too.
Our protection experts will never try to sell you cover that you don’t need. We will work with you, to provide you with the right level of cover, no matter what it is that you need.
So, reach out to one of our friendly advisors on 01273 222805 or the booking function below for a free review of a new or current policy!
Frequently Asked Questions about International Medical Insurance
How is the cost of the insurance calculated?
The price will vary based on the level of cover, but there are several factors which can drive up the cost, such as age and general health, as well as any pre-existing health conditions.
What countries can be covered?
We can cover nearly all countries depending on your requirements.
Where are treatments carried out?
Treatments are usually carried out within the country you are visiting, but some policies offer emergency evacuations back to the UK, or to the nearest country with appropriate medical facilities.
What are the exclusions?
The most common exclusions of International Medical Insurance are self-inflicted injuries and drug or alcohol abuse but these can still be covered with certain insurers.
Who are the most popular providers?
There are hundreds of different providers who offer International Medical Insurance, but some of the most popular insurers are Allianz, AXA, Bupa and Cigna.