Health Insurance for Dependents - UAE and Saudi
Re: Health Insurance for Dependents - UAE and Saudi
The chances of cover are very low but it’s not impossible.
Reply
@tm2154
That there might be some charitable organization that makes this possible, sure, but otherwise No. There isnt a voluntary (non mandated) travel or expat insurance organization thats in business for business and wants to remain solvent, not in the realm of possibility.
That there might be some charitable organization that makes this possible, sure, but otherwise No. There isnt a voluntary (non mandated) travel or expat insurance organization thats in business for business and wants to remain solvent, not in the realm of possibility.
Re: Health Insurance for Dependents - UAE and Saudi
True. We agree. It’s best to get on a good international health insurance whilst healthy.
Discussion
I dont know if it really is best to "get on a good international health insurance whilst healthy", for two reasons.
First, I dont see how that can work. International Health Insurance (IHI) tends to be short term or temporary. They tend to have one year policies that you can renew or reapply, but they arent obligated to accept someone. Could an individual IT really enroll and keep an IHI policy across multiple countries (presumably) with coverage that would apply to high expense chronic conditions, and keep it into and throughout retirement, or at least throughout an ITs career? You could probably make it happen at a high enough premium point with the caveat that it would only last as long as the IT is reasonably healthy. The moment it becomes more coin than its worth to the insurer is the point thats going to be the last year the IT is going to be able to enroll.
Second, would it really make fiscal sense to do so? If you assume the previous point is accurate thats a lot of coin from the IT going to waste, especially if the IS or the social insurance scheme of the region provides for comprehensive care. It would be more practical advice for an IT to figure out a place to settle prior to getting chronically disabled or sick. Simply because mandated social insurance schemes will pay for those high expense chronic conditions where something like travel insurance or IHI wont.
First, I dont see how that can work. International Health Insurance (IHI) tends to be short term or temporary. They tend to have one year policies that you can renew or reapply, but they arent obligated to accept someone. Could an individual IT really enroll and keep an IHI policy across multiple countries (presumably) with coverage that would apply to high expense chronic conditions, and keep it into and throughout retirement, or at least throughout an ITs career? You could probably make it happen at a high enough premium point with the caveat that it would only last as long as the IT is reasonably healthy. The moment it becomes more coin than its worth to the insurer is the point thats going to be the last year the IT is going to be able to enroll.
Second, would it really make fiscal sense to do so? If you assume the previous point is accurate thats a lot of coin from the IT going to waste, especially if the IS or the social insurance scheme of the region provides for comprehensive care. It would be more practical advice for an IT to figure out a place to settle prior to getting chronically disabled or sick. Simply because mandated social insurance schemes will pay for those high expense chronic conditions where something like travel insurance or IHI wont.
Re: Health Insurance for Dependents - UAE and Saudi
Me and my wife, for example, have global coverage because our school’s insurance is pay first and reimburse later. I would not want either myself or my wife having to fork out loads of money in case of a traffic accident.
Reply
@tm2154
Very reasonable.
Would you keep that policy though indefinitely or if you move to a region where theres a social insurance scheme or another IS with a more advantageous policy where you dont have to pay first and be reimbursed? How does that policy work once you retire? How long can you keep that policy and under what conditions would they cancel it or not renew it?
It seems like a lot of future foretelling on variables with a wide range of values where the predictive validity could very quickly disappear.
Very reasonable.
Would you keep that policy though indefinitely or if you move to a region where theres a social insurance scheme or another IS with a more advantageous policy where you dont have to pay first and be reimbursed? How does that policy work once you retire? How long can you keep that policy and under what conditions would they cancel it or not renew it?
It seems like a lot of future foretelling on variables with a wide range of values where the predictive validity could very quickly disappear.
Re: Health Insurance for Dependents - UAE and Saudi
Yes, as it stands, we will continue to pay the premiums until we move to a school that offers worldwide coverage, quite rare I believe (I would guess mainly in T1 schools).
Good points - we may not be renewed but it gives us peace of mind. Our specific circumstances mean that at some point the premiums will drop making it even more affordable. We will review it each year and may opt for travel health insurance instead which is cheaper.
Good points - we may not be renewed but it gives us peace of mind. Our specific circumstances mean that at some point the premiums will drop making it even more affordable. We will review it each year and may opt for travel health insurance instead which is cheaper.