International health insurance cover is a necessity. Expats living overseas can be found in the status of being permanent, semi-permanent or temporary. It is up to each expat family to spend the amount of time outside their home country before eventually returning. The term “Expatriate” also...
Unlike car insurance, as it is not mandatory to purchasetravel insurance, many people think of that as an unnecessary expense. However, if you are traveling away from home, especiallyoutside your home country, medical and/or emergency medical evacuation expenses can be significantly higher. It is...
What is an expat? Key takeaways An "expat" (or "expatriate") is someone temporarily residing abroad who intends to return to their native country in the future. "Migrant" refers to a person moving from one place to another. In contrast, an "immigrant" moves to a foreign country to sett...
One common question we come across is, “what is an expat?” The word expat is a contraction of expatriate, which derives from the Latin word expatriatus. In medieval times, an expatriatus was someone who had left his or her home country to live somewhere else. So in today’s culture...
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Expatriate insurance is intended for people that live outside the U.S. Some plans allow for a choice of coverage area, whether worldwide, worldwide excluding the U.S., or sometimes worldwide excluding the U.S. and a handful of other countries. If the coverage selected is worldwide, and...
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One of the biggest controversies of U.S. group taxation is that foreign affiliates cannot be included. Only certain Mexican and Canadian incorporated entities, foreign insurance companies that elect to be treated as domestic corporations, and foreign corporations that are considered “expatriated” unde...
Housing costs include rent or mortgage, utilities, repairs, insurance, taxes, and maintenance. The home must be the taxpayer’s own home unless the qualifying person is the taxpayer’s parent and the property of that parent.2 According to the Internal Revenue Service (IRS), the taxpayer must...