A New Social Security Internet for Entrepreneurs

In case you’re a digital nomad or a location-independent enterprise proprietor, you’re both overpaying for fragmented insurance coverage protection (journey, medical, and so forth.) or simply badly underinsured. You’ve gotten a well being plan, journey insurance coverage, and possibly some medical evacuation protection. However, while you work for your self, you lack the form of security internet protections you get with a company job. And you can’t use a rustic’s social security internet as a result of, properly, you’re not a citizen, proper? You’re simply roaming the world!

So what do you do?

The journey insurance coverage firm Security Wing is trying to change that. They’ve at all times needed to create this all-in-one package deal for digital nomads that features insurance coverage, worker advantages, and a social security internet.

I take advantage of their journey insurance coverage on a regular basis and so they have simply launched what they name Nomad Citizen that seeks to handle the gaps in protection.

What’s Nomad Citizen?

Nomad Citizen is an annual membership that bundles well being protection, journey safety, revenue safety, and life insurance coverage advantages right into a single plan. It’s for location-independent entrepreneurs and enterprise homeowners who spend greater than half the 12 months outdoors their dwelling nation and whose lives and revenue cross borders as a default.

Nomad Citizen covers you globally with no residency restrictions (aside from Puerto Rico).

Who can enroll?

Nomad Citizen covers folks underneath 56 and incomes at the least $4,000 USD per 30 days. You enroll on-line, select your begin date, declare that you simply’re in good well being, and make sure you’ll be outdoors your passport nation for greater than half the 12 months. You can even add your accomplice and any youngsters underneath 18.

However who ought to sign-up? That is an attention-grabbing product. I positively assume there’s a distinct segment for it. In spite of everything, let’s say you’re an entrepreneur in Bali and don’t have entry to any social security internet. What occurs if you happen to get sick or actually damage and also you’re out of labor? A buddy of mine in Mexico was hit by a automotive and severely hospitalized and ate into his journey insurance coverage limits actually rapidly. Afterwards, he couldn’t work for months whereas he was in rehab and began a GoFundMe for assist. A product like Nomadic Citizen would have helped him. Or helped any of the opposite digital nomads who get injured on the highway and have to lift funds.

I feel this product is sweet for somebody who resides in a rustic outdoors their very own with out entry to social companies and a sturdy social security internet. For instance, if you happen to reside in Sweden and have entry to all the advantages of the State, this product in all probability isn’t for you as a result of they’ve tons of companies however if you happen to reside in Thailand, Mexico, Indonesia, or France however don’t have entry to advantages, or are simply roaming the world, have a excessive revenue, work by yourself, or have a household, then this product could be one thing to think about.

How a lot does it price?

For these signing up on or after July 1, 2026, the Nomad Citizen membership prices $443 per 30 days for these 18 to 39. In case you’re 40 – 49, it’s $665 per 30 days, and $875 per 30 days for 50-55. Youngsters price $143 per 30 days ({couples} on the plan can add their first little one underneath 10 for gratis). You may pay month-to-month or yearly.

A notice about US protection: Nomad Citizen is actually worldwide, together with the US, though it ought to be famous that protection limits weren’t designed for intensive use there…as a result of properly, the US well being care system is only a mess.

What’s Included?

Earnings safety: The revenue safety profit might be the only most compelling cause Nomad Citizen exists. Conventional revenue safety or incapacity insurance coverage requires a set employer, a everlasting tackle, and residency in a selected nation. Freelancers and sole merchants working throughout borders are primarily uninsurable for revenue loss by means of standard schemes, corresponding to authorities help.

In case you’re a freelancer or distant employee and also you lose your revenue (you’re laid off, your contracts dry up, or you possibly can’t work as a consequence of a medical situation), Nomad Citizen pays you as much as $4,000 per 30 days for as much as 4 or 6 months whilst you get again in your ft. That profit doesn’t exist wherever else!

Medical insurance: As much as $1.5 million in annual protection for inpatient, outpatient, prescriptions, dental, imaginative and prescient, psychological well being, maternity, preventive care, wellness therapies, and extra. This is rather like medical insurance the place you reside and covers all the things you want. It’s way more strong than common journey insurance coverage, which is barely there for emergencies.

Journey protection: Journey delays, cancellations, stolen electronics, misplaced baggage, evacuation, theft, household visits throughout hospitalisation.

Parental depart: If in case you have a child or develop into a authorized guardian of a kid, they pay US$4,000/month so you possibly can take break day work with out worrying about cash. There’s a ready interval of three years to entry this profit. 

Lengthy-term incapacity: If one thing actually severe occurs to you and you’re completely pressured to cease working as a result of, as an illustration,  you lose your eyesight, you’re recognized with most cancers, you will have a significant stroke, or you possibly can not do staple items like stroll, costume your self, or eat by yourself, they pay you US$4,000/month as much as age 75.

Visa help: Members can browse and apply for various governments’ variations of long-term visas designed for nomads (i.e. they’ll work on these visas) instantly by means of our app interface with out having to use by means of the federal government web sites. They deal with all of the direct communication with the federal government and high quality test your utility earlier than submission to maximise the probabilities of approval.

Nomad Care Map: Discover one of the best suppliers by means of our member-powered database of greater than 4000 healthcare suppliers everywhere in the world, with scores for service and English stage.

Cost playing cards: Use your SafetyWing card to pay for coated companies as much as $500. This auto-generates a declare that has already been paid so that you wouldn’t have to attend for reimbursement. The SafetyWing card is a worldwide pay as you go debit card that’s despatched to each Nomad Citizen member, which they’ll use to pay for physician’s appointments or prescriptions with out utilizing their very own cash.

24/7 human help: You’ll have entry to 24/7 reside chat so you will get a solution from an actual particular person inside a couple of minutes.

Every part in a single app: Claims, protection particulars, buyer care, supplier search with Nomad Care Map, and visa help are all managed by means of a single app. There is no such thing as a want to change between a well being insurer, a journey insurer, and a separate revenue safety supplier (if one existed).

Making claims

For well being protection, you both pay out of pocket and file for reimbursement or contact the 24/7 crew to rearrange direct cost with the supplier. For journey claims, you accumulate documentation (police stories, service delay notices, receipts) and submit a declare. For revenue safety, you’re employed with SafetyWing to confirm the loss and supply proof that you simply’re actively searching for new revenue. Every part is managed by means of one app and so they make it actually easy and straightforward to do.

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I like SafetyWing’s mission and use their journey insurance coverage on all my journeys. This new Nomad Citizen product is ideal for people who find themselves full-time digital nomads and need some type of revenue safety in addition to extra strong well being and journey protection and the form of social security packages you’ll get if you happen to lived in a single place. In spite of everything, when you find yourself a solopreneur, you do fear about what occurs if you happen to get injured, can’t work, or have a child. It’s all on you, proper? Nomad Citizen is this system that ensures that you simply received’t have to fret about this type of stuff anymore.

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