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Expat Money Newsletter – February 2021

Welcome to Expat Network’s February 2021 Money Newsletter

Access to reliable healthcare is a constant concern and especially so in the current crisis. We look at the health plans available to expats and ways of reducing the costs involved.

The US healthcare system is complex and expensive Duquesne University have created an extensive guide to the different healthcare plans available and their benefits. We have also published guides from International Citizens Insurance on expat health insurance in the US and Canada to help you work out what is best for you.

Now that we have fully left the EU the implications are becoming clear. Blevins Franks look at what has changed for Brits living in the EU and look at the implications for investment and pensions advice and services.

The UK government has announced there will be no penalties for late filing of your UK self-assessment but are their implications for any delay?

The Expat Network Team

expats@expatnetwork.com

Recruiters: To have your jobs featured in the next Jobs Newsletter
email: expats@expatnetwork.com

Finding The Best International Health Insurance Companies

Finding the best international health insurance company is one of the most important steps when planning your move abroad. There are so many companies but they do not all offer the same coverage and service. Start your research here with a listing of the top international health insurance companies. Review and compare plans and be sure you select the best insurance company for you and your family.

7 Ways To Reduce Your Health Insurance Premiums In 2021

If there’s one thing we can learn from 2020, it’s that we shouldn’t take our health for granted. With the ongoing pandemic, increasing chronic diseases, and rising healthcare costs, health insurance has turned into a necessity. Securing private health insurance ensures you’ll have the right financial support when you really need it. However, many people neglect to purchase health insurance due to the high premiums set by insurance providers.

What Benefits Can You Get From A Top-Up Insurance Plan?

While we all understand the importance of health insurance, many people are hesitant to buy one for fear of high premiums. For those who are looking to obtain better health coverage at a minimum cost, top-up insurance is a great way to enhance and extend your benefits. Here Pacific Prime UK, take a closer look at what top-up insurance is and when you need it.

Guide To Healthcare Plans In The U.S.

When moving to the U.S. the healthcare system can be bewildering with the many different options. Duquesne University have set out a handy guide explaining healthcare basics and the different healthcare plans in the U.S.. We have republished this here with their agreement to help you to understand the differences and the benefits of each.

Expat Health Insurance In The US

Moving to the US to live or work is an exciting time and also can be full of challenges. Expat health insurance in the US is a major consideration as it can be expensive and is vital to provide security to you and your family. International Citizens Insurance, global insurance consultants, set out how the system works, what drives the costs and how to choose the best policy.

Expat Health Insurance In Canada

Canada has one of the highest rated healthcare systems in the world with a universal healthcare system. However, the system is only available to citizens and permanent residents and so expats need to have a private policy. International Citizens Insurance, global insurance consultants set out what you need to know about expat health insurance in Canada.

Sterling Gains Despite New President Boost To US Dollar

Currency Index give their monthly currency update.

The start of 2021 has sadly been much of the same on the global currency markets, with the world still gripped by the Covid pandemic and relative stasis on the economic front, causing little significant movement of interest.

Four Things Brexit Has Changed For Britons In The EU

After four and a half years of uncertainty, negotiations and false starts since the 2016 Brexit referendum, the UK has now fully left the EU. A trade deal agreed at the eleventh hour offered very little time for people and businesses to digest how things will work for Britons in the EU from 2021.

Britons In The EU Face Investment And Pension Problems

Brexit has meant many UK citizens living in the EU have seen the forced closure of their UK bank accounts. But this is likely to be just the beginning – expat pensions and investments could be next.

The UK’s membership of the EU allowed for ‘passporting’ arrangements between EU member states – where a firm undertaking a financial activity in one EU member state can apply for a passport to conduct the same business throughout the EU. This came to an end from 1st January. Jason Porter of Blevins Franks explains the implications.

Can You Afford To Leave Your UK Self-Assessment Until 28th February?

Have you welcomed the news of no penalties for filing late, are you one of the millions yet to file your UK self-assessment due to being adversely affected by coronavirus?

Having your self-assessment up to date has aided the self-employed with claiming government schemes and for filing your 19/20 tax return GoSimpleTax look at the changes that have been made and what help is there for you.

Don’t Get Stung On Foreign Property Deposits

First-time buyers of property abroad need to make sure they do their research. In the middle of a pandemic, the last thing people need is to lose money on hidden fees or unexpected costs. One big cost that buyers often overlook is the deposit for the property. This is normally a large lump sum, and transferring it can cause plenty of anxiety, especially when you’re sending it abroad.

Capital Consulting

Expat Network's online Service Directories includes companies to assist with your life overseas. This month we profile:

International Citizens Insurance

Find the best expat international health insurance plan for your budget and needs. We are independent brokers and will help you understand the various plan and provider options.

Expat Mortgages UK

We provide a comprehensive range of mortgage services to Expats & Foreign property investors and residents. As a whole-of-market specialist mortgage broker, we have access to all Lenders and products available, to find the best solution for our clients.

Standard Bank

Considering a move overseas? Relocating to anywhere else around the world will always be stressful. What shouldn’t be stressful is deciding how you’re going to manage your finances once you’ve settled in Which is why you should consider a Standard Bank International account.

One SimCard

OneSimCard – Stay in Touch OneSimCard is an international roaming SIM card which provides quality low-cost mobile phone and data service in over 200 countries.

Tax Samaritan

Are you a U.S. expat worried about your U.S. taxes? Are you worried about an IRS Audi? Tax Samaritan helps expats like you with their U.S. tax compliance so that you never have to fear an IRS audit again.

Jasper

Relocating to the U.S. and worried about getting a credit card without any local credit history? Jasper is a revolutionary credit card offering premium Mastercards to relocating professionals to the US.

Currency Index

Currency Index is a regulated currency exchange and international payments provider, specialising in helping Expats manage their currency requirements.

Don’t Miss Your Latest Jobs Newsletter

As well as links to some of the new job opportunities available at www.expatnetwork.com, we explore some of the many issues affecting your working life as an expat - or would-be expat.

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