Why international health insurance?

Once upon a time, it was only the major corporates that ventured into global markets. Today, many smaller organisations are operating internationally. In fact, a study predicts that there will be a further 50% growth in international assignments by 20201.

 

 

What we cover

 


International umbrella scheme


Low cost international umbrella scheme, for low risk clients

Protecting the health and welfare of your employees is a major challenge for employers and a fundamental part of your duty of care. It also brings additional complexities and challenges for those with overseas employees.

 

That’s why we’ve teamed up with a leading insurer to develop an exclusive International Private Medical Insurance Umbrella Scheme. This low cost scheme is designed for low risk clients and is quick and easy to join.

 

As a pooled arrangement, our Umbrella Scheme can enable you to access terms that you might not otherwise be able to obtain in the market – especially if you require cover for a relatively small number of international employees. Simply meet the underwriting criteria and we can enrol your company into this exclusive scheme that offers exceptional terms.

 

Benefits include:

  • Preferential pricing – reduced premiums by sharing a pooled risk.
  • Medical History Disregarded (MHD) – making it quick and easy to join the scheme.
  • Freedom and flexibility – access a range of covers, giving you the flexibility to choose what’s right for your employees and only pay for the level of cover you need.
  • Excellent service – a dedicated member services team with multilingual support, 24/7, as well as one to one health care support from clinicians.
  • Crisis management support – access to personal safety resources and support 24/7.
  • Employee assistance programme – access to free, confidential support for any work, life, personal or family issue 24/7.
  • Online tools – access to a range of tools to support your staff including a health and wellness library, wellness checkpoint and virtual benefits assistant.

 

 

 


Executive healthcare solutions


Why executive healthcare solutions?

We understand the demands placed on professional and operational staff, especially those working in the asset management, private equity and the infrastructure industries.

 

Executive healthcare solutions can support these professionals by offering enhanced benefits with minimal financial limits and cutting through the red tape of GP referral requirements and hospital network restrictions. Our executive healthcare solutions are comprised of an international private medical insurance policy, so you can access coverage anywhere in the world and allow members to access advanced treatments and leading specialists overseas.

 

Executive healthcare solutions can give you:

  • Choice – no hospital network restrictions
  • Freedom – no GP referral requirements
  • Enhanced benefits – e.g. private GP, chronic conditions and routine maternity care
  • Peace of mind – access to a second medical opinion
  • Flexibility – treatment is covered anywhere in the UK or overseas
  • Simple set-up – no employee forms, medical questions or exclusions for groups of over 5 main applicants.

 

P11d management

We understand that benefit in kind taxation can be a key concern for operational staff. Our executive healthcare solutions are flexible and help you to mitigate exposure by using tiered benefit structures or implementing a supplementary domestic healthcare plan.

 

Easy transfer of policy

We can usually secure a transfer of cover from an existing group or individual private healthcare policy without you needing to be re-underwritten. This provides peace of mind that any previously covered conditions will continue to be covered.

 

 

 


International group scheme leaver service


What is the international group scheme leaver service?

We understand that from time to time employees will leave your company, having been assigned overseas for a period. If they are planning on staying overseas or they’re considering living outside the UK, this is the time for them to consider retaining their International Private Medical Insurance (IPMI) cover.

 

We can often arrange continuous cover, or reduced medical underwriting, for any such employees leaving the protection of their company scheme.

 

However, insurers have time limits for allowing continuation of cover to an individual policy so make sure your employees act quickly; we would recommend applying within 30 days of leaving the company policy.

 


Why continue IPMI cover?

Continuing IPMI cover can provide your employees the peace of mind that they and their family are adequately protected where local health provision can be as varied as the local language and culture.

 

IPMI can be a complex business. It is particularly important that they have a policy that gives them access to the benefits that suit their specific needs, but also one that fits the country in which they choose to live, and complies with all of the local legislations and regulations.

 

As a rule of thumb, your employees should consider continuing their IPMI cover if:

  • They’re working outside of their home country for more than 3-6 months per year or they are globally mobile.
  • They’re working in areas where healthcare is a legal requirement (such as Abu Dhabi and Dubai).
  • They want assurance that they and their family are covered – especially where there is no NHS equivalent, or the standard of healthcare is poor.

 

 

So, International Private Medical Insurance or Business Travel Insurance?

It's important that individuals and their families are covered when working and living overseas. But how do you know what sort of cover you need? We can help you with this.

 

Explore our FAQs below to understand the typical differences between a simple travel insurance plan and International Private Medical Insurance (IPMI). Both products provide invaluable cover, but there are significant differences between the two and the distinct needs that they are designed to meet.

 

FAQ

 

  • What is travel insurance?

    • It is insurance designed to provide emergency medical cover for individuals while travelling outside of their country of residence. It often includes cover for delays and cancellations as well as a level of personal possessions cover.
  • What is international private medical insurance?

    • It is insurance designed to provide medical cover for individuals while living and working overseas. This includes routine medical care.
  • How is it bought?

    • Travel insurance - single trip or annual policy. If annual renewable, this usually require re-underwriting each year.
    • International private medical insurance - annual policy renewable without re-underwriting each year.
  • When is it needed?

    • Travel insurance - when travelling overseas for limited periods at a time (as a rule, less than 3 months). Cover up to 18 months is available (e.g. young traveler/long stay) but age restrictions usually apply.
    • International private medical insurance - when living and/or working overseas (i.e. on a 3-6 month+ basis) or for globally mobile individuals or families. In some areas this might be a legal requirement, such as Abu Dhabi.
  • What does travel insurance typically cover?

    Please note this list is designed to give an example and is not exhaustive: 

    • Accidents and emergencies; treatment in any country within your chosen cover until you are fit to return home (either to continue on NHS or through private medical insurance); countries except your home country and those where you are advised not to travel; depending on the policy bought, it may be limited to business only or leisure only and not a combination of both; policies covering business may restrict cover depending on the type of business; not all policies cover pre-existing conditions; limited number of days or trips overseas; personal possessions up to set limits; cancellation and curtailment within set limits.
  • What does International private medical insurance typically cover?

    Please note this list is designed to give an example and is not exhaustive: 

    • Accidents and emergencies; elective treatment; ongoing treatment of chronic conditions (available with some products); treatment within the country of residence or any country that you are travelling to within your chosen area of cover and cover level limits; cover is available 100% of the time; pre-existing conditions may be covered for those who meet the qualifying criteria; unlimited days/international trips; no personal possessions cover.
  • As a rule of thumb, you should consider IPMI for:

    • individuals working outside their home country for more than 3-6 months per year or they are globally mobile;
    • individuals working in countries where healthcare insurance is a legal requirement;
    • assurance that individuals and their families are covered - especially where there is no NHS equivalent or the standard of healthcare is poor.

 

 

How we can help you

 

Our specialist international health and benefits team help employers source and manage the benefit packages of their employees living and working overseas. Whether you’re looking to review an existing international health insurance scheme, or conduct a global benefits audit, we can help.

 

If you have any questions, our experts will be happy to help. Please complete the contact form below.

 

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