There are more worries today than there have seemingly ever been about state health budgets and how we can ensure we all receive the highest standards of care. Your concerns may be particularly strong as a British expatriate resident of Spain. That’s precisely why it’s a good idea to swot up on various aspects of medical insurance in the country, including the below.
The excess Whether it comes in the form of a compulsory excess or instead a voluntary one that you choose to have in your policy to give yourself a discount on the premium, the ‘excess’ refers to the level of your plan that must be reached before the insurer will pay out any claim monies due to you. The excess tends to be annual and is applied to the first valid claim you make to your insurer during the policy year. The waiting time Your own Medical Insurance In Spain may not come with a waiting time, but if it does, it is simply the period of time for which you will need to wait – after the policy begins – before you will be able to claim. In the case of pregnancy, for instance, the waiting time could be anything between 10 and 24 months. Pre-existing conditions This term usually refers to a physical or mental condition for which medical advice, diagnosis, care or treatment is recommended or received prior to the policy’s start date. A policy may include exclusions for a pre-existing condition, depending on the condition’s type, severity and whether it is ongoing. Acute and chronic conditions It is acute medical conditions that health insurance is designed to treat, these being conditions that are sudden in onset and short in duration. Meanwhile, a chronic condition is a disease, illness or injury for which ongoing or long-term treatment and monitoring are required, and for which there is no known cure. It’s important to recognise these distinctions when you are seeking the best-suited medical insurance in Spain. Standard policies, for instance, generally exclude chronic conditions once the initial diagnosis has been made. In other words, they will cover all of the investigations and tests up to the diagnosis, as well as any treatment initially required to stabilise the condition, but not long-term treatment. However, it’s normal for the insurer to pay for further treatment if you suffer an acute attack of a chronic condition, until the condition is stabilised again.
The wide range of both standard and comprehensive plans You’ve got a generous breadth of options for medical insurance in Spain when you turn to Ibex Insurance Services. Not only do we work with a variety of insurers such as ALC Healthcare, AXA PPP, Caser Seguros and IMG Europe, but we can also help you to choose between them, assessing your requirements and presenting you with the policies that we judge to be the most suitable. The world of private medical insurance in Spain can be confusing, but it doesn’t have to be. Get in touch with the Ibex team today, and we’ll work with you to ensure you invest in a policy that will protect you and your loved ones and give you all-important peace of mind.