https://hongkong.asiaxpat.com/Utility/GetImage.ashx?ImageID=7fc303dc-3447-4b76-9b3d-ea7818b6bfd4&refreshStamp=0
Every parent knows what it’s like to rush to the hospital when their child has a high temperature or gets injured. Times like these remind us that nothing is more important than the health of our loved ones. Hong Kong is known for its quality healthcare, but it can be costly without insurance. Our friends from
Pacific Prime Hong Kong offer six tips to help you secure health insurance for your young family.
1. Go over the policy’s terms of coverage
Your policy’s terms of coverage is the first thing you want to look at when choosing the best Hong Kong family health insurance. Some plans have a shared limit, which means you might have to choose between health checkups or vaccinations. Take your time going through the terms of coverage to avoid disappointment later on.
2. Consider your family doctor
Many families share the same doctor. Your family doctor knows the ins and outs of each family member’s personal health and family history, and is probably someone your children have come to trust. Check whether your family doctor is part of the insurance provider’s network and direct billing access is an option for a less stressful claims process.
3. Think about outpatient services
Excluding outpatient services is a common cost-saving tip for insurance. However, it’s not advisable for young families. This is because children, especially younger ones, often need outpatient services. Think back to all the times you visited a doctor while you were growing up and you’ll understand why including these services makes sense.
4. See if you can get a discount
One way to reduce your total premiums is to ask if the insurer offers any discounts for families. Family health insurance plans are essentially individual plans for all family members at a more affordable cost. The amount you can save depends on the insurer, but discounts of up to 20% are possible for those who ask.
5. Decide on your coverage area
Does your family travel or move often? If so, a plan with international coverage is the way to go. Without it, you’ll be responsible for your own medical costs when you’re outside of Hong Kong. Check that international coverage includes emergency evacuation to avoid hefty out-of-pocket costs for air evacuation services if needed.
6. Consult an insurance broker
Don’t be fooled by the cost of a family health insurance plan. Cheaper plans may be enticing because of their price tag, but their benefits (or lack thereof) may end up costing you more in the long run. A smarter way to save costs is to discuss your needs and budget with an insurance broker like Pacific Prime Hong Kong. From there, an expert advisor can compare health insurance plans from reputable insurers to provide options based on your unique requirements.