Are you planning a relocation or already living abroad? Discover how PassportCard Relocation can provide you with seamless health coverage during your international journey.
What is PassportCard?
PassportCard is an innovative health insurance provider that revolutionizes the way expatriates and travelers access medical services worldwide. Their unique offering includes:
Immediate medical coverage without upfront payments
Direct billing to healthcare providers
Extensive global network of medical facilities
Real-time insurance activation through a dedicated card
Key Benefits of PassportCard for Relocators
Instant Access: Receive immediate medical treatment without waiting for reimbursements.
Global Coverage: Comprehensive health protection both in Israel and internationally.
Transparency: Know your treatment costs and options in advance.
Flexibility: Ideal for individuals, families, and corporate relocations.
PassportCard Relocation: Tailored for Your Global Move
When embarking on a relocation journey, health insurance is a critical component you can’t afford to overlook. PassportCard Relocation offers a specialized policy designed to replace your home country’s health fund, ensuring continuous coverage as you transition to your new life abroad.
Why Choose PassportCard Relocation?
Seamless Transition: Maintain health coverage from the moment you leave your home country.
Family Protection: Comprehensive plans that cover you and your loved ones.
Global Accessibility: Access quality healthcare anywhere in the world.
Peace of Mind: Focus on your relocation journey, knowing your health is protected.
Understanding National Insurance During Relocation
Moving from Israel? Here’s what you need to know about National Insurance obligations:
Do You Need to Pay National Insurance While Abroad?
Generally, yes. Israeli residents are required to maintain National Insurance payments to preserve their rights and benefits. However, the amount and method of payment can vary based on your employment status:
Unemployed: Pay a fixed monthly fee for National Insurance and health coverage.
Employed by an Israeli Company: Payments are typically handled through your salary.
Working for a Foreign Employer: Report income to Israeli tax authorities for proper assessment.
Options for Managing National Insurance During Relocation
Maintain Residency: Ideal for relocations under five years. Continue payments to preserve all rights upon return.
Disconnect Residency: Suitable for long-term relocations. Stops payments but may affect future rights.
Remember to consult with the National Insurance Institute before your move to make an informed decision.
Optimal Tax Planning for Relocating Workers
Customized personal tax planning can help you minimize unnecessary tax payments and ensure compliance with all legal obligations. Key aspects to consider:
Dual Residency: Distinguish between residency for National Insurance purposes and tax residency. Each definition involves a different set of rules.
Tax Residency Termination: To terminate tax residency in Israel, you must prove that your main center of life has moved to another country. This process requires organized preparation and presentation of relevant documents.
It’s recommended to consult with an accountant or tax advisor specializing in international matters to develop a personalized tax strategy that fits your specific situation. Professional advice will help you understand the tax implications involved in changing your place of residence and avoid costly mistakes.
Health Insurance: Essential for Relocation Participants
While managing National Insurance is important, private health insurance is critical, especially during the first months of relocation. PassportCard Relocation offers comprehensive coverage including:
Emergency treatments
Routine medical services
Remote medical consultations
Medical evacuation if necessary
Don’t leave your health to chance. Secure your well-being with PassportCard Relocation’s tailored insurance solutions. Ready to protect your health during your global adventure? Contact ShippingToGo today to learn how we can assist you in obtaining PassportCard Relocation insurance for your upcoming move.
