'Country of Residence'?
Your country of residence is the country in which you are currently living in, at the time you process your application for insurance. You do not need to have citizenship to your country of residence nor do you need to have been living in this country for a certain period of time; essentially your country of residence will be the country in which you use a residential mailing address. Your country of residence will also imply your intention to live in this country for the foreseeable future. Your nationality, on the other hand, is the country in which you have citizenship and will be stated in your passport.
During the application process Pacific Prime will gather information on behalf of the health insurer, in order to determine the details and conditions on your health insurance policy and to also calculate the cost of your health insurance premium. Pacific Prime will ask for details of your country of residence, among other personal details such as your nationality, age, and medical history.
Due to the varying health care costs around the world, the country in which you reside will influence the cost of your health insurance premium. If you are applying for a travel health insurance plan, the health insurance provider may not provide you with medical expenses in your national country or your country of residence. The insurer may only cover the costs of your medical expenses while you travel outside of these country regions.
Health Insurance Plans allow you to select your geographical area of cover. Insurers typically provide coverage for two geographical areas. These are: Worldwide, and Worldwide excluding North America. The premiums for the worldwide plans will generally be more expensive. The reason for this is that medical expenses in North America are typically higher than in the rest of the world.
Worldwide cover allows you to select to undergo treatment with any doctor in any hospital anywhere in the world. Worldwide excluding North America prevents you from selecting to undergo scheduled treatment in North America . However, the majority of health insurance expat plans will provide cover for emergency treatment in North America for a limited amount of days per year.
Our consultants will be happy to provide you with a range of quotes for health insurance expat plans and to answer any questions you may have. For more information on the definitions of insurance terms or any other global health insurance inquiry, please contact Pacific Prime today.