{"id":8308,"date":"2021-04-07T07:00:54","date_gmt":"2021-04-06T23:00:54","guid":{"rendered":"https:\/\/www.infinitysolutions.com\/?p=8308"},"modified":"2021-04-08T09:39:29","modified_gmt":"2021-04-08T01:39:29","slug":"world-health-day-why-health-insurance-is-so-important-for-asia-expats","status":"publish","type":"post","link":"https:\/\/www.infinitysolutions.com\/blog\/world-health-day-why-health-insurance-is-so-important-for-asia-expats\/","title":{"rendered":"World Health Day – Why Health Insurance Is So Important For Asia Expats"},"content":{"rendered":"

Today is World Health Day<\/a>. The importance of health has been brought into sharp focus since the beginning of the pandemic with those lucky enough to be in good health feeling more fortunate than ever before.<\/p>\n

The problem with health is that you never know when it is going to take a turn for the worse. You can be a toned, healthy eating yogi or a superfit marathon runner but sadly that doesn\u2019t make you immune to any number of illnesses life might throw at you, invincible as you might feel. And however careful you are, there is always the potential of incurring a serious injury through no fault of your own.<\/p>\n

Health insurance: a key element of your financial planning<\/strong><\/h5>\n

Healthcare costs are on the rise around the world and neglecting to put a comprehensive medical policy in place to cover you and your family can leave you vulnerable to eye-watering costs if anything unexpected happens to you requiring treatment. This is particularly true for expats who often don\u2019t enjoy access to a state health system to fall back on.<\/p>\n

That\u2019s why health insurance is up there as one of the fundamental elements of a sound financial plan. In fact, our consultants often compare financial planning to a pyramid with wealth protection providing the foundation upon which the saving and investing parts of your financial plan should be built.<\/p>\n

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This protection covers three different areas: your life, your income and your health. We\u2019re dealing with the third of these here (although we\u2019d recommend looking at protecting your life<\/a> and income<\/a> too).<\/p>\n

How does health insurance protect me?<\/strong><\/h5>\n

Health insurance protects you against the risk of incurring medical expenses. If you or any member of your family covered under your medical plan becomes sick or incurs an injury, the insurer will cover the payments for any treatment (subject to any predefined exclusions) \u00a0so that you don\u2019t have to dip into your savings to cover potentially hefty bills.<\/p>\n

What factors affect the price of health insurance?<\/strong><\/h5>\n

There are a number of different factors which will affect the cost of health insurance. These include:<\/p>\n