Do you know how the price of an international health insurance policy is determined?

International health insurance is designed to cover the cost of medical treatment abroad.

The cost of an international health insurance policy can vary considerably depending on the circumstances.

The main factors influencing the cost of health insurance for foreigners

The geographical coverage of the policy : international insurance valid throughout the world or in a particular region will cost more than local insurance for a given country.

Country of coverage : Some countries also have more expensive healthcare systems. Consequently, health insurance will be more expensive for people living in these countries.

Health system : The quality and accessibility of the health system in the destination country can also play a role.

The insured’s age : Most companies charge different rates for different age groups. The cost of the policy increases with the age of the customer. What’s more, many companies stop offering cover after a certain age.

Medical history : In order to establish the profile of the future insured, a DES health questionnaire is requested from each person in order to determine and establish any risks of illness or accident. If the borrower suffers from a chronic illness, an insurance premium will be set according to the risk.

• The insured’s weight is an important factor for insurance companies. Being overweight can lead to cardiovascular and pulmonary risks.
• Smoking is also a considerable risk, which significantly increases the cost of the insurance, given the lung problems that smoking can cause.

Type of policy and amount of cover : One of the most important factors influencing the cost of international health insurance is the amount of cover and benefits you choose to include in your particular plan, whether it is hospital or outpatient insurance. Each level offers a wider range of benefits and a higher amount of cover for each benefit category. Each level is also more expensive.

Deductibles : Very often, insurance companies offer to share the cost of medical care with the customer through deductibles, co-payments and other cost-sharing options, and in exchange they reduce the cost of your policy.

Number of people : an individual policy will cost less than a family policy.

Choosing the cheapest international health insurance policy isn’t always a good idea, as these types of policies are usually very limited and won’t offer you the protection you need. The reliabilitý of the insurance agent is also an important factor.