From the first of January each year, many health insurance companies increase their prices. Mondassur’s international health insurance prices increase in April for GoldExpat expatriate insurance, and for the majority of our other insurance plans, the increases are not systematic! Why do I have to pay more each year for my international health insurance? Is insurance for international students also on the rise? What about travel insurance?
How can I pay less for expatriate insurance?
We offer a wide range of expatriate insurances to suit different needs and budgets, while guaranteeing competitive prices. If you take out insurance during the year, you’ll benefit from the rate fixed on April 1 for our GoldExpat insurance, with an increase only from April of the following year.
Our advisors can help you choose the most advantageous international health insurance based on coverage and price, by carrying out several simulations according to the options you select. For destinations where medical costs are very high, such as the United States, the United Kingdom, Singapore or Hong Kong, we strongly recommend taking out expatriate insurance from the 1st euro.
In some cases, complementary CFE expatriate insurance may be more appropriate. Our experts will guide you towards the best solution for your destination country and your needs.
Why doesn’t my Mondassur travel insurance increase every year?
With travel insurance, you purchase your policy at a certain price and usually pay when you take out the policy. If the price of your travel insurance increases 2 days after you take out the policy, this will not affect your wallet , as you will already have taken out your travel insurance. Similarly, if your trip begins after the rate increase, if you took out your policy before the rate increase, you won’t have to pay the difference.
Mondassur informs you when we need to increase our travel insurance rates several weeks in advance so that you can benefit from a reduced rate before the international insurance increase.
Travel insurance prices increase regularly, but not necessarily every year like all other insurance. This depends on the various factors mentioned above and the compensation provided by your travel insurance.
Do you get a discount on insurance for students abroad through Mondassur?
We negotiate the most attractive international insurance rates with leading insurers to offer you a real alternative to a French complementary health insurance plan, which generally doesn’t cover you sufficiently abroad, or even not at all in some cases. That’s why our insurance policies for international students are particularly advantageous for you. For the USA in particular, Premium Extension insurance policies for international students are often two to three times less expensive than those offered by American institutions.
To find out more about our expatriate, student or travel insurance policies, adapted to every type of situation and at an exceptional price:
- Are you planning an international trip of less than 1 year?
- Do you need to move abroad?
- Studying abroad?
Why do medical insurance prices rise every year?
If you’ve been an expatriate for several years, or are an avid traveler, you’ve no doubt noticed that the price of international health insurance is rising every year. Why the increase? The answer is very simple, and in fact common sense: inflation of course explains part of this increase, while significant economic development in certain geographical areas, the ageing of the population and the cost of medicine worldwide due to continuous technological improvement and medical research have an impact on overall medical costs.
In order to be able to offer optimum care from top-quality facilities at all times, insurance companies have no choice but to keep pace with these developments, with appropriate premiums for quality international health insurance.
Is the increase in international medical insurance the same in every country in the world?
In some of the world’s fastest-growing regions, notably Asia, the increase is particularly marked. Singapore, for example, stands out for very high medical costs, comparable to those in Switzerland or even the USA. In China, too, healthcare costs are rising rapidly, although they can vary considerably from one facility to another. However, the USA remains the country with the highest medical costs, and this upward trend is even more pronounced there than in other countries that manage to keep a tighter rein on medical spending.
If you haven’t yet taken out health insurance, read our advice on choosing the right expatriate insurance. Our experts will help you select the coverage best suited to your situation, taking into account the specifics of your country of residence and your personal needs.
