BrokerFish has analyzed the cost of competitive international health insurance premiums around the world. Here are the results a Single Man Age 29 taking policy with US$250 Deductible and No Co-payment using premiums as at January 2016.
These premiums are an indication from some of the more competitive insurers in the marketplace and in USD. There are of course many more expensive health premiums available provided by other international health insurance companies, but we feel upper end premiums are not only less popular in the marketplace but can misrepresent the premiums available to people.
Premiums around the world vary, with the more expensive not hard to guess are more developed countries and the lesser costly locations being Eastern Europe and Africa.
If you are moving abroad and need advice of the cost of health insurance where you are moving to, please contact us, we will be happy to help you find affordable coverage that meets your needs.
There are a number of factors which affect the premium of someone taking a health insurance policy. These factors include the plan deductible or excess, the plan co-payment options, the payment frequency, the underwriting method, any loading accepted to cover pre-existing health conditions, and if any plan options are added to coverage.
Those looking to reduce or lower the premium of their policy can look at paying less frequently, being fully-underwritten, or to apply a plan deductible and / or co-payment option to their plan. Much of the premium is assigned to out-patient benefits so for those on a budget, they may want to exclude these benefits and focus on a hospitalization coverage plan.
Kudos to you guys for taking steps to make insurance a more bearable user experience :]PHILIP, Start-up Co-founder, CHINA