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Wednesday, October 16, 2019

Expat Haven: Dubai

There is no denying that Dubai is an extremely popular part of the world for expats. A lot of people move here because of work, as well as those who simply want to enjoy the sun and the luxurious lifestyle. No matter what applies to you, you need to be prepared when moving abroad, and Dubai is no different. Your medical needs are one of the most important areas to consider. Read on to discover more.

Medical Insurance In Dubai – You Must Be Covered
Medical insurance rules have changed a lot in recent years, especially for residents and visitors to Dubai. With new legislation in force stating that health insurance is mandatory, insurance companies have naturally received a boost. However, more important than this is the benefits it brings to citizens. The Dubai Health Authority’s (DHA) aims to introduce a sustainable form of health care for Dubai employees means that these residents will no longer be faced with catastrophic medical bills following any medical treatment. However, knowing what’s covered by the Essential Benefits Plan (EBP) can help residents, especially when they’re looking at which insurers include extras that may be beneficial to them.


The EBP
The EBP is designed to offer essential medical benefits at a reasonable cost. The aim of these changes to the law is to decrease regular health care costs such as regular check-ups and routine medical issues. The rules require that your dependents and domestic workers are covered by some form of medical insurance, whether that is through you or your employer. While, for many people, the EBP may be sufficient, others may want further benefits and so elect for a higher value of medical insurance. For those seeking affordable medical insurance however, the EBP is a lifeline. The EBP covers a variety of basic health care options, subject to a limit of Dh150,000 annually for all claims. It is worth noting, though, that there are still some costs to be paid by the insured party even when they are covered by medical insurance. For example, non-urgent medical tests and surgeries are subject to 20% costs payable by the insurance. Similarly, prescribed medicines have a 30% levy imposed on them payable by the insured. While the introduction of these new health insurance rules has not been met with universal admiration, the mandatory nature of them means that more people than ever before have been looking for medical insurance quotes. The number of insurance companies licensed to provide medical insurance and the number of insurers who have signed up to the EBP are quite different. Ascertaining your medical insurance needs through a broker may be helpful for you and your family.

Your Health Care Needs
Not only are the new medical insurance rules causing confusion across the UAE, but medical insurance has also always been complex. It’s long been the case that business professionals, regular travelers, and expats in Dubai have elected to protect themselves with medical insurance. This coverage has given them the freedom to live their lives without fear of huge medical bills if the worst should happen. With the advent of the EBP and mandatory medical health insurance in Dubai, though, the options on the market are suddenly far more complex and difficult for an individual to successfully navigate. This is one reason why people turn to medical insurance brokers.

Brokers take the trouble out of finding the best quote for your specific needs. They take into account what dependents you have in terms of a wife, children and potential parents. If you are older, for example, you’ll have older parents and they are costlier to insure by definition. If you’re a business professional and travel a lot for work, then you may benefit from enhanced coverage that will give you added health care benefits across the globe. Used in conjunction with travel insurance, for example, this can give full coverage. A broker will also help you to navigate more complex and specific types of insurance. For example, you may need to find insurance for someone in a care home. If abuse or an incident occurs, elderly neglect lawyers can, of course, assist, but having the right insurance is paramount, and brokers can help with this.

Ultimately, the type of insurance package you need will depend solely on your circumstances. Instead of talking to dozens of different insurance companies directly, you can speak to an expert broker who knows the market.
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