With the rising cost of healthcare across Asia, sometimes one needs a nudge to finally get health insurance. Perhaps something happened to someone you know, you saw another person online who set up a Go Fund Me or maybe you just think it’s insane to go without.
Whatever your inspiration, here are our Top 5 Reasons to get health insurance, with detailed answers on each point below.
Getting injured & being sick is already bad enough as it is. It’s even worse when you’re 100% responsible for all your medical bills. It’s no secret that medical bills can add up quickly:
Even minor surgeries at private hospitals typically go from $2,000-$10,000 USD in places like Vietnam and Thailand. If you happen to be traveling in a place like Singapore, you can easily 2-5x that.
There are many types of health insurance, from inpatient and outpatient, to cheap local coverage, regional South East Asia providers and the large expat providers like Cigna, Allianz, Aetna. etc.
If budget is a concern, there are many ways to manage your health insurance premium. You can read our blog on 5 ways to save costs.
Yes, it’s true, you can find cheap hospitals in Asia that won’t break the bank and sometimes in an emergency this may be where you wind up. For any expat who’s been in Asia long, you’ve undoubtedly been in one at some point or heard horror stories. While healthcare standards are increasing, most expats would prefer more international hospitals and clinics, where there is no language barrier.
With private health insurance, get cashless treatments at the best hospitals and clinics throughout Asia, in major markets including:
Don’t worry about paying for high medical bills with cashless direct billing at the best hospitals in South East Asia & beyond.
Private hospitals in Asia will only treat you under two circumstances:
• You self-pay
• Your health insurance pays
Some places will accept a deposit in the event of an emergency. If you cannot pay, then you’ll likely need to go elsewhere.
Choose where you have treatments at. That can be within your residence country or perhaps it’s elsewhere in Asia, your home country or somewhere else. This is why we never recommend taking a policy witha coverage area that’s just your residence country. Like Thailand or Vietnam only. Why?
Many local health insurance providers in South East Asia will only cover one country. There’s a risk tradeoff for this, which is why those policies like that are very affordable. But really, is it worth it?
Health insurance allows you to have treatments freely, anywhere within your coverage area as you please. Likely, this is in-country for minor things and then for more major treatments, you may wish to go elsewhere. Want to go get your annual health check done in Singapore? No problem.
Huge benefit of private health insurance.
No matter which provider you go with, that provider will have some key features of using them. Package that with our cusotmer service and you have many other reasons to get health insurance.
There’s something to be said for knowing that in the event something happens, you are protected with private health insurance. Your medical bills are taken care of, your savings & bank account will thank you. You see it, hear it enough about someone who’s had surgery, accident, diagnosis, etc. who’s had their life turned upside down because of a medical condition. The last thing you want to have to worry about how much something costs, where you can afford to go to.
Our goal is to provide you with the information you need to make informed decisions. Whether you’re exploring insurance or investments, these articles are designed to help. If you still have questions or are ready to take the next step, our team is here to assist you.
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