Researched published today shows 25% of expats purchased new health insurance plans to cover their family members during the covid-19 pandemic, with 35.5% of expats adding family members to their current insurance plan.
The data has been revealed in the ‘Expat Family Wellness Survey 2020: The Impact of Covid-19’, published by Aetna International. This report surveyed 1,000 expat families around the world (UK, US, Singapore, and UAE), and explored the effects of the pandemic on expat family health and well-being. It also delves into how expats have managed both their own and their children’s health and well-being during that time period.
According to the survey:
- 35.5% of expats added family members to their current insurance plan
- 15.9% didn’t purchase additional coverage for their family members, however, they did consider it
- 7.3% didn’t purchase extra coverage for their family members, however, would consider it for the future
- 16.8% did not purchase extra coverage for their family members
Overall, expats in Singapore and the UAE were most likely to already have health insurance for themselves and their family members, at 45.2% and 37.2%, respectively. (The global average is 33%)
Only 21.6% and 28% of ex-pats in the UK and the U.S. already had health insurance for themselves and their family members. However, 45.9% of ex-pats in the U.S. who already had health insurance added their family to their current healthcare plan (due to the covid-19 pandemic) 33% of ex-pats in the UK who said they had health insurance purchased a new plan so their family members had coverage.
So, what does this all mean? Well, it suggests an increased awareness of health and health care and the value of health insurance during the pandemic for ex-pats. It’s great to see globally, individuals are developing healthier habits to keep their mind and body well. Private medical insurance is an important aspect not only for expats, but for everyone, and we at E&M Global Insurance are ready and waiting to help. Give us a call and we can help you find the right coverage you need and best suits you!