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Expatriate Health News: Even the richest expats require health insurance

Retiring abroad has become hugely popular for many people, especially those living in Britain, but the need for health insurance is now an increasingly important consideration.

France is a very favourable choice for many expats, but ever since 2007 the topic of healthcare has become much more widely discussed.

Nicolas Sarkozy, who was president of France at the time, declared his concern that there were too many people taking advantage of France's free health service while not making any contributions to the contribution.

Legislation was then passed, which stated that EU nationals under the state retirement age of 60 would be barred from free access to the system.

There are still some circumstances that allow access to foreign residents under the state retirement age, but they still come with conditions.

A recent article in the Daily Telegraph has given the example of a "stressed-out 51-year-old recently divorced banker who is throwing in the towel".

It stated that although he has the funds available to him to create a comfortable lifestyle for himself, there will still be a need to budget in order to ensure that he receives health insurance.

He won't have to actually start paying for another two years, as he has been granted temporary access to the system due to having paid National Insurance in the UK.

His case is made all the more complicated by the fact that he has a long-standing heart condition and a history of high blood pressure.

Lee Gerry, underwriting manager at Expatriate Healthcare, told the Daily Telegraph: "Most providers would simply exclude the condition and if he went for a fully underwritten policy [including the heart condition] it would certainly be loaded or declined.

"Our policies are moratorium-based so if the policyholder went two years from taking insurance without treatment or advice on the condition, he would be fully covered from then on."

Expatriate Healthcare specialise in providing international health insurance. Make sure you're protected.

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