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Prepared with price data gathered for 100 locations and insights from industry experts, the report takes the guesswork out of budgeting for health insurance expenses. Whether it’s individual or family plans you’re interested in, and wherever your career takes you, Pacific Prime’s report is an invaluable source of timely, easy-to-digest insights.
This article can only give a brief summary of some of the major findings in the report. If you are hungry for more details, simply head to the
download page for your free copy!
Many places saw double-digit premium hikes
In 2022, virtually all of the places surveyed saw premium increases for both individual and family IPMI plans, with many places seeing double-digit hikes. The 5 places with the highest average premiums for individual plans in 2022 are:
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And the top 5 places with the highest average premiums for family plans are:
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What has driven the premium hikes beside inflation? Are we likely to see further steep premium hikes down the road or are prices expected to stabilize? What are insurers doing to try to make plans more affordable for consumers? You can find the answer to these topics and more in their report.
International insurers are leaving the IPMI market
In 2022, a number of big-name international insurers exited the IPMI market to varying degrees, including Aetna and Integra Global. It is uncertain if this trend will persist.
What’s causing these insurers to exit the IPMI market in the first place? And is your insurer likely to be next? Make your own call after reading the report.
Get your free copy of the Cost of International Health Insurance Report 2023 today!
Whether you're in the market for a new IPMI plan or seeking to confirm that your existing coverage is still adequate, please do not hesitate to
contact the insurance experts at Pacific Prime Hong Kong.
Happy reading!