Moving to a new country is an exciting adventure, but it also comes with its own set of challenges, especially when it comes to health insurance. At the end of each year, insurance prices can fluctuate, and finding the best health coverage for your needs requires careful consideration. If you’re considering moving to Vietnam, here’s a comprehensive guide to help you secure the right health insurance coverage.
Why a Personalized Approach is Essential
Health insurance isn’t one-size-fits-all. Since 1994, our expertise in health insurance has allowed us to represent over 15 different insurers. Each family’s situation is unique, and understanding these nuances is key to finding the best coverage. Whether you have a pre-existing condition or specific health needs, personalized advice is crucial.
Pre-Existing Conditions: What You Need to Know
Insurers have three approaches to pre-existing conditions:
- Exclusion: Denying coverage for any treatment and related conditions.
- Premium Loading: Covering the condition but increasing the premium.
- Acceptance: Covering the condition as part of their standard policy.
Deciding which option suits your needs is essential. Confirm your preference to help us tailor your coverage.
Key Questions to Determine Your Health Insurance Needs
To provide the best advice, we need to understand your situation. Here’s a questionnaire to guide our discussion:
Personal Information
- Who is the insurance for? Any family members included?
- Current Coverage: Are you satisfied with it? What could be improved?
- Coverage Expiry: When does your current policy expire?
- Basic Information: Full name, nationality, date of birth.
- Residency: Where do you spend most of the year?
- Travel Plans: Do you plan to visit the USA/Canada? Duration per trip?
- Future Plans: Will you be in Vietnam, another country, or returning home in the next 3-5 years?
- Travel Frequency: Do you travel often outside Vietnam?
- Family Planning: Any plans to have children in the next 1-2 years?
- Health Conditions: Any pre-existing illnesses or chronic conditions?
- Smoking Status: Do you smoke?
- Treatment Preferences: Preferred treatment location for serious illnesses (e.g., Thailand, Singapore, home country)?
- Payment Responsibility: Who will pay for the insurance? Is a red invoice needed for accounting?
- Group Discounts: Any colleagues or friends joining for a group discount?
- Medical Facilities: Familiarity with local clinics and hospitals. Preferred facilities?
- Urgent Coverage: Do you need immediate cover? Payment by credit card provides instant coverage.
Coverage Level
- Basic Needs: Hospital treatment and evacuation.
- Repatriation: Need for evacuation to home country versus nearest international hospital.
- Outpatient Coverage: Interest in doctor consultations and medications.
- Additional Coverage: Need for dental, vision, or pregnancy coverage.
- Deductibles: Willingness to accept a deductible to lower costs.
Flexibility and Service
- Duration of Stay: Need for flexibility in coverage duration and refund options.
- Cashless Services: Importance of cashless service for outpatient consultations.
Payment Options
- Payment Method: Preferred method of payment.
- Payment Frequency: Yearly, quarterly, or monthly (note the additional fee for monthly installments).
Get Custom Healthcare Coverage for you and your family
We’re here to help you navigate these questions and find the best health insurance for your move to Vietnam. Whether through a video call or written communication, providing us with detailed answers will enable us to tailor the best possible coverage for you.
