Some people who frequently travel would get a travel health insurance plan or an international health insurance plan. A travel health insurance plan will provide coverage if you travel or stay abroad for short periods of time. An international health insurance plan is designed for people who stay overseas for more than a year.
Most of those who choose travel insurance are people who go abroad for a period of less than 12 months. Travel insurance can also provide non-medical benefits such as insurance for lost baggage, theft, cancelled flights, etc. However, it may not cover pre-existing conditions.
International health insurance plans are usually renewable for life. Generally, the premium will not increase even if you develop a serious illness. There are also plans which may cover pre-existing conditions such as group insurance or premium loading.
You can customize your international health insurance plan. You may choose to add specific benefits such as maternity care, inpatient and outpatient treatments, medical evacuation, etc. Your premium will get higher with more options included in your insurance plan. You may choose to have some countries or regions excluded from the coverage of your health insurance plan to reduce the cost of your premium.
Consider your needs and what you will be doing abroad in choosing the right insurance plan. If you travel and choose a certain country for short durations, travel insurance may be better for you as it will cost less and claiming is easier. An international health insurance may be more beneficial if you are an expat and live abroad for long periods.