Premium of an expatriate medical plan
Most of the time, premiums of an expatriate medical plan are per age brackets. However, sometimes this format can be presented also per family status or per age. Examples of familiy status premiums: single / family, or single / couple / family, or single / couple / family / single parent.
If you want to compare expatriate medical plan in details, we recommend you to select only 2 solutions because there are too many parameters to take into account:
If you take time to consider all these aspects, you should be able to select the plan which offers you the most attractive ratio between benefits, services and premiums.
Expatriate medical plan: tariffs and insurance tax
Premiums are usually expressed on an annual basis. Surcharges apply for frequency payment and are usually expressed in % (example: + 4% surcharge for quarterly payment) or as a fix amount (30 Euro per quarter). Please pay also attention to this point when comparing the two plans! The definition of an annual premium is interpreted differently by Insurance Companies:
- certain annual premiums are available until the end of the civil year i.e. 31 December and are reviewed on January 1st. That means that you do not know for which amount you are signing for. Example: X quoted an annual premium of 1 500 Euro for the period October 1st to September 30th. The other Insurer quoted an annual premium of 1 450 Euro for the period October 1st to December 31st. Then the premium will be increased by 9%. The total cost will be approx. (120,83 x 3) + (131,71 x 9) = 1 547,88 Euro.
- With some Companies, but unfortunately not all, insurance tax can be included in your invoice. That means that it will be paid by the Insurer for you to the State.
Case 1: you subscribed through an Association / ASBL (France / Belgium) and paid your premiums. You are controlled in the country of expatriation: United Kingdom. The State is requesting you the proof of payment for the 6% tax which apply when you are resident in the UK. Nothing has been paid by the Association / ASBL to the State and you have to manage the situation on your one…
Example 2: you subscribed a plan through a French Association and paid your premiums to your French provider. You are expatriated from France to Belgium. You are controlled in Belgium by the State which is requesting you the proof of payment for the 9,25% tax which apply when you are resident in Belgium. Nothing has been paid by the Association to the Belgian State…
Last example: you subscribed a plan through a Belgian ASBL and paid your premiums to your Belgian provider. You are expatriated from Belgium to United Kingdom. The British State is requesting you the proof of payment for the 6% tax which apply when you are resident in the UK. Nothing has been paid by the ASBL to the State…
Main expatriate medical plan take tax into account and pay it to the State. This is mentioned in your invoice and the State can then directly contact your provider for further discussion and to obtain proof of payment if required.
What is the cost of an expatriate medical plan?
As mentioned above, premiums are expressed by age brackets and can also take into account your family status. Next, the premium depends on the zone of coverage. Some expatriate medical plan propose 3 zones of coverage, some 2, others 6…. In a zone of coverage, you will have a list of countries which are more or less similar. This means that medical expenses costs almost the same. The classification and experiences of each insurance company is different and therefore each company applies different premiums.
When you and your dependants do not need the same benefits or are not concerned by the same zone of coverage, do not hesitate to subscribe separately when this is possible (children need to be at least 18 y.o). Besides, the Maternity plan is only available to couples and families.. If you are a couple and if you pay attention to tariffs, you will probably notice that it is less expensive to subscribe as 2 singles rather than a family!
Pay attention to the local regulation
Please note that subscribing to an expatriate medical plan does not free you from the local regulations. If you are eligible to contribute to a local healthcare system, make sure that you are compliant. Otherwise, you may be subject to paying a tax levy.