Three Cheap Insurance Hacks in Indonesia
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Moving to Indonesia to start your business or work can be an exciting experience. The welcoming atmosphere of Indonesia is evident in the kindness of its people and the smiles that often grace their faces. In terms of regulations, starting a business or working as a foreigner in Indonesia is relatively straightforward. Many companies and agents can assist you in obtaining your business or work license, eliminating the need for you to navigate the process independently.
Health insurance is a crucial consideration when settling in Indonesia. The primary purpose is to ensure that, in the worst-case scenario, you, as a foreigner, are financially covered. While having medical coverage during your overseas journey is beneficial, some may view it as a financial burden, especially amidst the myriad preparations for the move. As an international health insurance provider catering to expats worldwide, we understand your needs and are committed to helping you secure the necessary insurance at the best possible price.
Now, as indicated in the title, let’s explore some ‘cheap insurance hacks’—ways to reduce your insurance premium and facilitate your move to Indonesia:
- Apply a deductible
A deductible is the out-of-pocket amount applied as an annual credit before your insurance benefits activate. There are various deductible options, ranging from USD 1,000 to USD 5,000. For instance, if you choose a USD 1,000 deductible and incur a hospital bill of USD 2,000, you’ll pay USD 1,000, and the insurance will cover the remaining USD 1,000. This feature is common in most international health insurance plans, so be sure to inquire about it with your provider.
2. Choose your coverage area
Most international health insurance plans offer customizable coverage areas. A common option is worldwide coverage excluding the USA. If there’s no need or planned trip to the USA, why pay for coverage in that area? By choosing this option, you can potentially reduce your premium by 30% or more with some insurers. If you have no plans to travel outside certain areas, some insurers even offer coverage limited to Southeast Asia or Asia-only, providing a cost-efficient alternative.
3. Buy insurance collectively
One way to reduce premiums is to share the risk among multiple members, making buying insurance collectively a viable option. Purchasing insurance with family or work colleagues is a common practice. Group rates are generally lower, and some insurers may offer additional discounts. This approach not only lowers your insurance premium but also provides protection for your close associates. If you’re looking to save on premiums while ensuring coverage for your loved ones, this is an excellent option.
Those are the three simple ‘hacks’ to lower your insurance premium. We understand that moving to Indonesia is a significant undertaking for some, and the tasks associated with it can be overwhelming. If there’s a way to make your move more financially efficient, seize the opportunity!
If you need assistance with your insurance requirements, look no further! You are in the right place at the right time. We are here to help you compare, calculate, and select the best international health insurance for your needs. We are committed to being the one-stop insurance and healthcare provider for our clients, so when you purchase through us, rest assured that medical assistance services are included in our service. With an extensive medical network across Asia, we ensure you receive only the best medical facilities.
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