Hospitalization Insurance

Hospitalization Insurance For Expats

Hospitalization insurance, also called inpatient insurance or hospital insurance, is a plan that covers your expenses when you are admitted to a hospital for planned or unplanned reasons or for other medical services, depending on the policy.

Recommended Hospitalization Insurance Plans for Expatriates

What do hospitalization insurance plans cover?

What do hospitalization insurance plans cover?

Plans will differ in the coverage benefits offered. Therefore, it is encouraged to check the policy terms or discuss it with your insurance advisor before committing to any plan.

Hospital insurance plans usually cover:

• A semi-private or private hospital room during surgery
• Rooms for intensive care
• Critical illness care
• Inpatient diagnostic tests, such as X-rays, MRI, CAT scans, and laboratory tests
• Medicines provided during hospitalization
• Doctor’s fees
• Ambulance expenses
• Anesthetist and operating theatre fees

Is hospitalization insurance the best option for me?

Hospitalization insurance is the core component of all health insurance plans. Hospital insurance provides benefits specifically for inpatient treatments that require hospitalization, and as these costs are usually the most expensive costs one can come across, it is also the most important type of insurance to obtain.

Depending on the benefits covered, it can protect your finances in case of an emergency, planned or unplanned surgery, long-term care for illnesses, and all tests. Private rooms can also provide an extra level of comfort if you choose that option in your policy.

Another reason for buying hospitalization insurance is the increasing incidence of “silent”, asymptomatic diseases (e.g. diabetes). More and more people are developing medical conditions that don’t show any symptoms until later stages, at which point the patient will most likely require urgent and unexpected emergency medical care.

And then there’s also the possibility of unforeseen accidents and injuries that could occur anywhere and at any time. For those without hospital insurance, these unforeseen costs can lead to huge medical debts that have to be settled out of pocket.

What is a hospitalization indemnity plan and do I need one?

Acting as an additional level of coverage to your private health insurance plan, hospital indemnity insurance is worth considering if you have no cash saved, or if you need assistance replacing lost income. However, in most cases, this benefit is only payable when you attend a network-listed public hospital rather than using a more expensive private hospital.

Hospital indemnity only provides you with defined daily compensation according to the number of days you had to stay in the hospital. However, medical costs incurred from hospital confinement and post-hospitalization follow-up care are not covered, hence having hospitalization or inpatient insurance should be your first line of defense against high medical costs.

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Where do I go for the best hospitalization insurance plans?

Pacific Prime is your trusted advisor for hospitalization insurance. With over 20 years of experience advising expatriates all around the world, our insurance consultants can help you find the most cost-effective hospitalization insurance plan. Click below for a free quote and to have an advisor get in touch with you today.