{"id":1702,"date":"2018-08-06T17:42:00","date_gmt":"2018-08-06T09:42:00","guid":{"rendered":"https:\/\/www.pacificprime.hk\/blog\/?p=1702"},"modified":"2018-08-06T17:42:00","modified_gmt":"2018-08-06T09:42:00","slug":"plan-for-your-future-health-expenses-now","status":"publish","type":"post","link":"https:\/\/www.pacificprime.hk\/blog\/plan-for-your-future-health-expenses-now\/","title":{"rendered":"Why should you plan for your future health expenses now?"},"content":{"rendered":"

When we are young and healthy, we don\u2019t always think about the <\/span>future health expenses<\/span> we may face. We are not talking only about unforeseen accidents here, but more about chronic conditions that can develop over the long term and stay with us for, perhaps, our entire lives. These conditions must be regularly treated with medication and monitored by doctors, and that means they are a major risk for any budget. The scary part? Most insurers won\u2019t cover any chronic conditions or pre-existing conditions when onboarding new clients.<\/span><\/p>\n

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\"Individual<\/a><\/p><\/div>\n\n

Luckily, there is a strategy which ensures that <\/span>future health expenses<\/span> are manageable and within our members\u2019 budgets for their entire life where possible. It is called <\/span>long term health insurance<\/span><\/i>, and Pacific Prime has just released a dedicated guide about obtaining long term health insurance, available for <\/span>free download<\/span><\/a> now.<\/span><\/p>\n

Five reasons why you should plan for your <\/span>future health expenses<\/span> now<\/span><\/h2>\n

Securing the right long term health insurance gives you financial advantages, and to many of Pacific Prime\u2019s clients, finding a cost-effective plan is of the utmost importance. Below we have listed five main reasons for planning for your <\/span>future health expenses<\/span>:<\/span><\/p>\n

1. Cover your healthcare costs now and in the future
\n<\/b>We\u2019ve briefly mentioned the way insurers work. Any pre-existing condition most likely won\u2019t be covered when you decide to switch to a new plan. That\u2019s why choosing one healthcare policy and continually renewing it protects you and your budget way better than changing insurers regularly.<\/span><\/p>\n

2. The right coverage will move with you wherever you go
\n<\/b>For modern and flexible expats, securing an international health plan might be the best choice, as even when work assignments force you to move countries frequently you are protected, and so are your pre-existing conditions. An international plan also means no losses if you change countries in the mid-term of the insurance plan, and gives you peace of mind during holiday trips.<\/p>\n

3. Protect yourself from long term financial loss
\n<\/b>The rule of \u201cit is too good to be true\u201d perfectly aligns with health insurance premiums. Some insurers might lure new clients with excellent benefits and low premiums, only to drastically increase the price in the next few years to make up for their losses. In this way, recklessly purchased plans can figuratively strike at the policyholder\u2019s pocketbook, as he or she is forced to either change the policy and lose their pre-existing condition coverage or bite the bullet and pay for exorbitant premium increases.<\/p>\n

4. Constant access to reliable, quality healthcare
\n<\/b>The best health insurance plans can give you access to the hospitals and clinics you want around the globe. Private healthcare is considered to provide better and, oftentimes, faster healthcare, and – in the case of expatriates – offers service in English.<\/p>\n

5. Auxiliary coverage benefits
\n<\/b>You may never know you need some form of supplemental coverage until your life or savings account depends on it. Most international health plans offer extra services such as:
\n– Assistance for major political\/terror issues
\n– Medical evacuation
\n– Right to a second opinion
\n– Convenience services (e.g., 24-hour advice hotlines, pharmacy delivery)
\n– And more, depending on the plan<\/p>\n

How to identify the right insurance plan that will cover <\/span>future health expenses<\/span>? <\/span><\/h2>\n

Now that you know why you should plan for stable f<\/span>uture health expenses<\/span>, let’s take a closer look at how you can do it. There are ten key points to keep in mind when looking for a long term health plan that will be cost-effective and efficient over the course of time. Things to look at when shopping for an insurance plan include:<\/span><\/p>\n