The 2022 FIFA World Cup is an ongoing international football tournament contested by the men’s national teams of FIFA’s member associations. The FIFA World Cup, the 22nd year of the event, it is taking place in Qatar from 20 November to 18 December, 2022. 32 nations will compete across 64 matches in this tournament. Â
Incidentally, as medical costs are rising globally, have you ever wondered which of these countries have the highest and lowest individual personal medical insurance (IPMI) premiums? Â
In this blog post, as the World Cup is underway, we take this opportunity to rank 10 countries qualified for the World Cup 2022 by IPMI premiums.Â
Ranking of IPMI premiums for 10 of 32 countries qualified for the World Cup 2022Â
We base the average IPMI premiums of the listed countries on the report Cost of International Health Insurance 2021 – 2022. Â
Here are the five countries that have the lowest IPMI premiumsÂ
Rank | Country | 2021 IPMI premium (USD) |
1 | Poland | 3,450 |
2 | Croatia | 3,511 |
3 | Netherlands | 3,529 |
4 | Denmark | 3,601 |
5 | Morocco | 3,666 |
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Here are the five countries with the highest IPMI premiumsÂ
Rank | Country | 2021 IPMI premium (USD) |
1Â | USÂ | 7,431Â |
2 | Mexico | 6,200 |
3 | Canada | 5,054 |
4 | South Korea | 4,773 |
5 | Brazil | 4,760 |
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On the whole, the US remained the country with the highest premiums due to its very high cost of care.Â
The report predicts that Latin American countries’ premiums may see an increase in premiums in the next five years, due to a rise in expensive claims for behavioural and mental health conditions.Â
European countries have mostly seen dramatic price reductions. South Korea takes the fourth spot as there is an overuse of health insurance and a quickly aging population. The past few years have seen an upsurge in the number of regions implementing mandatory health insurance in a bid to help their residents cope with ever-rising medical costs.Â
Final Thoughts on Countries with Fairly Inexpensive HealthcareÂ
While the countries listed above provide comprehensive medical services, it is worth noting that expats who are living overseas, or moving from one country to another constantly, should not entirely rely on local healthcare. Â
Getting international health insurance will give you peace of mind when traveling and get access to excellent support during a medical emergency.Â
It’s important to be aware that your international health insurance premium will depend on a variety of factors – including your health status, age, citizenship, options & deductible chosen – and finally the expat destination country you are residing in. The less expensive medical services are in that country, the lower the health insurance rates should be.Â