Provide Your International Employees With International Group Medical Insurance at a Lower Cost

By W Kenneth Vandiver

There is an employer international group medical insurance plan that could very well be what you need. This group medical insurance plan will allow you to provide your international employees with the same quality of medical insurance they enjoy in the US.

if your company or organization has employees outside of the US you should consider carving out the international portion of your company/organization and providing them with benefits at a much lower cost than your domestic group medical carrier using a good global employers group medical insurance plan.

There is a plan which provides benefits not normally found in a domestic plan and it also provides the flexibility of moving from one country to another. This plan is available for groups of 2 or more, so you don't have to be a large multi-national corporation to provide the same benefits. There are a variety of deductibles available, maternity is treated the same as any other illness and optional dental, life and daily indemnity.

For example if you're the executive responsible for your company's health insurance plan and your company has recently begun to expand into the international market place. You have 5 employees now being assigned overseas. They are all on your companies medical plan but it doesn't provide the same kind of coverage overseas as it does in the US what do you do, your employees want to have the same or maybe better benefits as a reward for taking an overseas assignment in a strange country.

Here's what you could do, get a good global employers group medical insurance plan for your international employees. The cost will very probably be substantially less than what you are currently paying for the domestic medical plan and the benefits overseas will be better than what your domestic medical plan will provide them. Hmmm, think about it; costs less, better benefits, happier international employees. Doesn't take long to come to the conclusion that a good global employers group medical insurance plan is the one you need.

On the other hand if your company or organization is located outside of the US you can get the same great benefits for your employees. It doesn't matter what country your company is located in. For example if your company is in Chile, Argentina, Colombia or Brazil you can still get a good global employers group medical insurance plan for your employees. You will have a US style medical plan in your own country.

What does a good global employers group medical insurance plan offer that makes it a superior international group medical insurance plan?

You want unparalleled services both for you, the employer, and for your employees.

Employer services include:

coverage for expatriate, third-country national and local-country national employees all on one benefit plan. An American style health plan helps you attract the very best employees in whatever country you are operating in and at the same time giving your US employees overseas still have the same great benefits they had in the US.

Separation of costs by country or overall international operation. Much easier to keep track of what your overseas health insurance costs are.

Containment of costs through lower international premiums. As medical care costs are lower in other countries so will your premiums be lower.

Domestic and international continuation as may be required by US law.

US based administration with toll-free access.

Employee services include:

complete portfolio of health plans including medical, dental and life.

Access to quality health care anywhere in the world (including the US).

International emergency assistance.

24-hour availability for emergency services, medical evacuation and precertification.

On-site, physician-directed emergency medical services and large claim management.

Full portability from country to country - this insurance goes where you go.

Internet services - employees can search for a provider within the independent PPO network; print plan descriptions; and initiate precertification.

Free calls to IMG from anywhere in the world.

Specialized claim services and processing:

professionally trained multilingual claims administrators with proven international experience.

Claims processed via automated international claim system with over 99% accuracy.

Claim inquiries, status of claim information and reimbursement options available by phone, fax and email.

Experienced international currency conversion.

Translation of bills and claim information from foreign languages; claim forms available in multiple languages.

Claim reimbursement directly to provider or insured via check, direct deposit to US bank account or electronic transfers to international account.

Verification of benefits and explanation of benefits to providers.

Large case management.

In my next article I will go into the details of the various benefits and options for a good global employers group medical insurance plan.

Thank you for your time and I hope you read more of my articles in the future.

Ken Vandiver is the owner of a number of Travel Insurance and Global Medical Insurance websites. For further information please visit our website Employer Group Medical Plan.

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