Have you decided to leave your country of origin to go for a walk in other countries? What a good idea ! After all the necessary preparations, comes the question of insurance. By browsing the net a bit, you will surely see that there are two insurance offers for people going abroad, travel insurance and expatriation insurance. If you are not sure which category you belong to and want to know more about the difference between these two products, follow the guide:
Travel insurance
What type of stay?
Travel insurance is an insurance product that covers you during your stays of less than 12 months around the world. You can subscribe to this insurance if you go on a world tour, a language or au pair stay, your studies or an internship or even a simple vacation.
If you are leaving for a period of less than three months, it is possible to benefit from the travel insurance included in your credit card.
The purpose of travel insurance
The primary purpose of travel insurance is to address minor concerns and major emergencies that may arise during your stay. For example, insurance will cover well your flu and even your operation for appendicitis. However, the insurance is not there to cover health costs such as a check-up if the doctor to see if everything is fine, or even the change of your glasses if your eyesight has changed.
The guarantees offered
Travel insurance is made up of different guarantees, depending on the offers and the price offered. However, it is absolutely essential that your travel insurance contains at least the following guarantees:
- Cover for your current medical expenses as well as your hospitalizations from the first euro
- Repatriation to your country of origin in the event of serious health concerns
- Civil Liability Private Life, in the event of damage caused to a third party
Your contract will certainly offer you other guarantees, which can be useful to you according to your needs, but the preceding points are the pillars of the travel insurance which you must pay particular attention to before subscribing.
Generally, travel insurance is offered to you as a package, with already defined guarantees that you cannot modify, apart from one or two options, such as the interruption of studies for example.
Duration and price
Travel insurance is a so-called fixed-term offer. You subscribe for the total duration of your stay abroad and you pay the entire premium at the time of subscription. The contract ends on the date indicated and is not renewed automatically. If your trip lasts longer than expected, you will need to contact your insurance to see if it is possible to extend the duration of your contract.
The cost of travel insurance is fairly straightforward to determine. Most often, it depends on your age, the length of your stay, your country of departure and your country of destination.
Expatriate insurance
Expatriate insurance is a much more complex product than travel insurance.
What type of stay?
Expatriation insurance is suitable for people who go to live abroad for a period of at least one year, and who are looking for insurance that can take care of emergencies, but also all the daily care they need. may need.
Expatriation insurance is therefore an option that is suitable, for example, for people going to work for several years in another country, or even for retirees who decide to spend their old days in the sun.
The purpose of expatriation insurance
The purpose of expatriation insurance is to replace a reimbursement organization for medical expenses from which the insured can benefit in his country of origin. Depending on the formula chosen, expatriate insurance can therefore cover both consultations with the doctor for a check-up and hospitalizations for an accident or even the youngest's dental appliance.
The guarantees offered
Unlike travel insurance, expatriation insurance offers a wide choice of guarantees, often à la carte, that you can select to build insurance that best meets your needs.
In general, there are offers offering the following guarantees:
Hospitalization only guarantee: which only covers in the event that the patient has to spend more than one night in the hospital.
More comprehensive guarantees: which cover, in addition to hospitalization, current medical costs.
Once your plan has been chosen, you can further adjust your offer by selecting the maximum reimbursement ceiling, the applicable deductibles or the reimbursement rate. All this data will allow us to offer you a personalized quote.
Most often, you can also take out options for assistance guarantees such as repatriation or civil liability.
First euro and CFE: a specificity of expatriate insurance
If you are preparing for your expatriation, you have certainly already heard of the CFE, or Caisse des Français de l'Étranger . The CFE is the equivalent of French social security, present throughout the world and which allows French nationals to remain affiliated to the French health system. By subscribing to the CFE , you will be covered in exactly the same way as in France, with reimbursement up to the percentage of the convention tariff set up by the French Social Security.
If the CFE can be a good way to stay attached to France while receiving partial reimbursement for your care, this solution must be coupled with expatriation insurance in order to be effective. Indeed, very often the reimbursement of the CFE will be insufficient, in countries where the cost of medicine is high. In addition, the CFE's offer does not include repatriation assistance and Civil Liability.
There are therefore expatriation insurance offers in addition to the CFE, which allow you to benefit from an additional reimbursement to that of the CFE as well as some additional guarantees.
Duration and price
Expatriation insurance is a tacit renewal offer, which is taken out for a minimum period of one year. When subscribing, you do not indicate the length of your stay and simply choose the frequency of your payment (monthly, quarterly, annually, etc.). Your insurance will cover you as long as your contribution is paid, for an indefinite period.
The price of expatriation insurance is extremely variable and takes into account different criteria, such as the country of destination and the guarantees and options chosen, but also age and state of health. Indeed, before subscribing, you will have to fill out a medical form so that your insurer can offer you a rate.
As you will have understood, travel insurance and expatriation insurance are two very different offers, which correspond to various situations and needs.
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