What is health insurance?
Health insurance is a service that provides coverage for medical expenses, including visits to primary physicians and other medical providers. In Vietnam, having health insurance can help cover the costs when you receive healthcare services at hospitals or clinics, ensuring you have access to necessary treatments without incurring significant financial costs.
Is it required?
No, private health insurance is not required for expats in Vietnam. While expats can use the public healthcare system and hospitals, many choose to invest in private health insurance for additional benefits and peace of mind.
Health insurance policies are generally designed for those staying in Vietnam for over a year. If you’re planning a shorter visit, travel insurance might be more suitable.
Why invest in private
health insurance?
Peace of mind: Private health insurance offers expats peace of mind, ensuring they receive timely and high-quality medical care without the stress of long waits, high costs, or language barriers.
Familiar healthcare standards: Private insurance can provide healthcare services that meet the standards expats are accustomed to in their home countries, making the transition to life in Vietnam smoother and more comfortable.
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What are the different kinds of private health insurance available for expats?
Local
Provided by Vietnamese companies with offices in Vietnam, these plans are tailored to the local context and often more affordable.
Regional
Offered by international companies with offices in Vietnam, these plans provide a balance of local and international coverage in a specific region, such as South East Asia.
International
Offered by international companies without offices in Vietnam, these plans provide comprehensive coverage that can be used globally.
What should your private healthcare insurance provide?
When choosing private health insurance, consider the following:
- Coverage that includes in-patient and out-patient services, emergency care, and specialist consultations.
- Access to private hospitals and clinics with English-speaking staff.
- Low deductibles and co-pays to minimize out-of-pocket expenses.
- Coverage for pre-existing conditions, if possible.
- Additional benefits such as dental and optical coverage, maternity care, and wellness programs.
Should I work with a broker, or buy directly from the insurance company?
When purchasing health insurance, you have the option to buy directly from an insurance company or work with a broker. Buying directly means dealing with a single company, while working with a broker gives you access to multiple plans and personalized advice.
Here’s why you should consider using a broker:
Expert Guidance
Brokers offer personalized advice to help you choose the best plan.
No Extra Cost
Brokers are paid by the insurance companies, so their services are free for you.
Claims Assistance
Brokers help you navigate and expedite the claims process.
Ongoing Support
Continuous help with policy renewals, updates, and any issues.
Multiple Options
Access to a variety of plans from different companies.
Using a broker simplifies the selection process, ensures you get the best coverage, and provides ongoing support without any additional cost.
What are the best companies to get insurance from?
How do I know what plan I should get?
When selecting a health insurance plan, consider the following factors:
- Benefits: Ensure the plan covers essential services such as hospitalization, outpatient care, and emergency services.
- Price: Compare premiums and out-of-pocket costs to find a plan that fits your budget.
- Coverage: Evaluate the coverage amounts, the network of hospitals and clinics, and any exclusions or limitations, whether they are health-related or geographic.
Conclusion
Investing in private health insurance is a smart choice for expats in Vietnam. While it is not mandatory, having comprehensive health insurance provides peace of mind, access to quality healthcare, and financial protection.
By understanding the options available and choosing the right plan, you can ensure you and your family receive the best possible care while living in Vietnam.
While health insurance is not mandatory in Vietnam, it is strongly recommended for expats. Private health insurance provides essential coverage, peace of mind, and access to high-quality healthcare services.
Investing in the right plan ensures you and your family are well-protected and can enjoy a worry-free experience while living in Vietnam.
Learn more
about private health insurance with VIA trusted partner
Frequently Asked Questions
Health insurance can be purchased at any time, but it is advisable to get coverage as soon as you arrive in Vietnam to ensure continuous protection.
Most insurance companies provide a 24/7 helpline and online portals where you can contact customer service, file claims, and get assistance with finding a doctor. You can usually find the contact information for your insurance on your membership card.
To cancel your policy, contact your insurance provider directly. They will guide you through the cancellation process, including any necessary paperwork and potential cancellation fees.
Health insurance typically does not cover cosmetic procedures, experimental treatments, or pre-existing conditions unless specified. Always review the policy exclusions before purchasing.
The maximum number of claims depends on the specific policy. Some plans have unlimited claims, while others may have annual or per-incident limits. It’s important to review your policy details to understand your limits, as they will vary per provider.
Many health insurance plans offer maternity coverage, but it often comes with a waiting period (usually 12 months). Check the policy details for coverage specifics and waiting periods.
International health insurance plans often provide global coverage, while regional plans may cover specific areas. Verify the geographic coverage of your plan before purchasing.
International health insurance provides comprehensive medical coverage for long-term stays abroad, while travel insurance covers short-term trips and includes emergency medical coverage, trip cancellations, and lost luggage.
Many international health plans offer optional dental coverage, which can include routine check-ups, cleanings, and major dental work.
Age limits vary by provider, but many international health plans offer coverage up to a certain age, with some plans specifically designed for seniors.
The application process can take anywhere from a few days to a few weeks, depending on the provider and the complexity of your medical history.
Yes, most health insurance policies require annual renewal. At renewal time, you’ll likely experience an increase to your current premium. Premiums increase every year for two reasons, age bands (if you now fall into the next one – eg. 20-25, 26-31, 32-36, etc.) and inflation. Be sure to review your coverage and any changes to the policy each year.
