Health insurance is essential for senior expats, but can be costly. We’ll explore some prices as well as 8 key ways to lower your health insurance premiums as a senior expat.
Some great starting prices for senior expats
| Age | Emerald Plan US$ | Sapphire Plan US$ | Ruby Plan US$ |
| 50-54 | $1,470 | $2,319 | $2,493 |
| 55-59 | $1,919 | $3,030 | $3,109 |
| 60-64 | $2,422 | $3,824 | $3,963 |
| 65-69 | $3,243 | $5,249 | $5,299 |
| 70-74 | $4,241 | $6,993 | $7,061 |
| 75-79 | $4,984 | $8,291 | $8,346 |
NOTE: Prices for plans have a 20% Co Pay and US$5000 deductible applied
Further discounts depending on your location!
Depending on the country you are living in, we may be able to offer even further discounts.
For example, a 67 year old living in the Philippines could be covered for as little as US$2,225.
8 key ways to lower your health insurance premiums as a senior expat
1. Increase Your Deductible
A higher deductible lowers premiums. If you’re generally healthy and expect few medical expenses, this can be a cost-effective option. Some policies offer flexible deductibles, allowing you to adjust them over time based on your financial situation and healthcare needs.
2. Opt for Regional Coverage
Global plans, especially those covering the U.S., are expensive. Choosing a plan that covers only your region can significantly cut costs. Some insurers also provide plans that cover neighboring countries, offering a balance between affordability and access to international care if needed.
3. Choose Inpatient-Only Coverage
If you rarely need outpatient services, selecting an inpatient-only plan can save money while covering major medical events. Consider supplementing this with a local outpatient plan or paying out-of-pocket for minor treatments, which can be more cost-effective in the long run.
4. Use Co-Pay and Cost-Sharing Options
Plans with co-pays or shared costs lower premiums while still protecting you from major expenses. This approach ensures you contribute a small portion to each medical visit while keeping overall premium costs down. Some plans even allow you to customize your co-pay percentage to better suit your budget.
5. Compare Providers
Insurance costs vary. Expat Health Group will help you compare options and find the best value for your needs. Comparing multiple insurers allows you to access exclusive discounts and specialized plans tailored to expats.
6. Review Your Coverage Annually
Your needs change, and new plans may be more affordable. Regular reviews help ensure you’re not overpaying. Reviewing policy updates, adjusting coverage as necessary, and staying informed about industry trends can help you secure the best deal each year.
7. Look at Local Providers
Local insurers may offer lower premiums compared to international plans while still providing necessary coverage. Some local providers have strong networks with top hospitals and clinics, making them a cost-effective alternative for expats who do not frequently travel outside their resident country.
8. Ask About Discounts
Insurers may offer lower rates for annual payments or continuous coverage. With our service, we actively seek out these discounts on your behalf. Always ask about available discounts, but with us, you won’t have to; we’ll do it for you.
Ways to Lower Your Health Insurance Premiums as a Senior Expat – Final Thoughts
Lowering your health insurance costs requires evaluating your needs, adjusting coverage, and comparing plans. We can implement any of these strategies for you and send you a personalized quote. Contact us today, and we’ll assist you in implementing these strategies and provide a personalized quote tailored to your situation.