As a foreigner having lived in Taiwan about 5 years and starting to call this place home, I’ve been researching things like savings, building a pension and lately additional health insurance. I’m 30 and have been working for almost 5 years here and will get married to a local next year so like most expats I have been enrolled in the NHI program with little to no complaints thus far (only some out of pocket expenses for a specialist physio).
The more I talk to my Taiwanese colleagues and people who are well off, they have all gotten an additional health insurance policy. I have been talking with 2-3 companies here to get additional insurance for my future wife and I and there are so many things to consider.
I don’t want to ramble about all the details I am considering but to put it short, I have some offers from insurance brokers that I am considering. Basically you pay 30-40k per year and you get additional coverage for accident, extensive health coverage (most of the policies after paying in for 20 years you get coverage for lifetime, and any unused amount plus interest is passed on to your next of kin after you pass on), insurance for serious illness (up to 5million NT on top of NHI coverage per case). I have looked into life insurance but it is way more expensive compared to the West, so think will leave that for a later day or when we buy a house.
I want to ask you fine people if anyone has got additional health insurance and if you think it is worth it? I would like to do it just for peace of mind, however I am still young, healthy and not 100% sure if I will stay in Taiwan long-term but on the flip side you read many horror stories of foreigners in accidents or elderly people getting sick bankrupting families.