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Written by: Xie Deqin
2021-03-24 12:00
Last update date: 2021-03-24 12:00
A pneumonia epidemic has made everyone realize that the sudden disease is hard to prevent, but there is always room for preparation.
The Voluntary Health Insurance Scheme (VHIS) provides high-quality private hospital medical protection for everyone to deal with unexpected situations, so that the illness can be treated as soon as possible, and the insured can enjoy tax concessions, which can be described as killing two birds with one stone.
However, there are many types of voluntary health insurance plans on the market, how should consumers choose?
We have carefully selected 3 voluntary health insurance plans and analyzed 3 important factors to help you make smart choices easily.
Voluntary medical insurance is essentially medical insurance, providing appropriate private hospital medical services for everyone when needed.
With the increasing load on the public medical system, affordable private hospital medical insurance has naturally become more important.
The first element in choosing voluntary health insurance is the premium.
Different insurance companies will provide customers with a number of premium discounts, but overall, the average annual premium that needs to be paid is the most practical consideration.
Taking non-smoking men aged 35 to 44 as an example, the semi-private room-level voluntary health insurance plans launched by companies B and D have annual premiums of approximately HK$13,500 and HK$13,000 respectively.
In contrast, Cigna's "Flexible Plan (Superior)" has an annual premium of as low as HK$11,152, a difference of nearly HK$2,000, allowing policyholders to exchange services with the same or even higher protection at a more affordable price.
You must choose voluntary health insurance carefully, and of course you must choose a plan with comprehensive coverage and lower premiums.
Be a savvy policyholder and pay attention to the annual coverage limit
The second thing to consider is the amount of protection.
Since the cost of medical care will rise with inflation, the greater the amount of protection that can be obtained when applying for insurance, the more it will help ensure that the medical services needed in the future will be obtained.
Even with the same premium, under the terms of different insurance plans, the protection that can be obtained is very different.
Taking the plans of Company B and Company D as a reference, policyholders can receive up to HK$25 million and HK$8 million in compensation each year.
And Cigna Cigna’s annual coverage is the highest in Hong Kong, up to 30 million Hong Kong dollars, which is 100% medical protection. There is no need to worry about additional medical expenses. It also enjoys home care protection of up to 1,000 Hong Kong dollars per day and up to 90 days per policy year.
Only by choosing medical insurance products with immediate protection can you provide comprehensive protection for yourself and your relatives.
The third factor to consider is time.
On the one hand, medical insurance can protect everyone as long as possible.
On the other hand, the medical insurance plan, for unknown existing diseases, of course, the sooner it provides protection, the better.
For pre-existing diseases unknown to the insured, most of the voluntary health insurance on the market will not reach 100% coverage until the fourth year. However, Cigna Cigna has reached 100% coverage on the first day of coverage, and promised to guarantee the renewal to 100%. It is truly 100% protected. It’s no wonder that its "Flexible Plan (Superior)" scored 10/10 on the 10Life website and ranked first in the semi-private room-level voluntary medical insurance.
Looking at the three major elements of premiums, coverage, and protection waiting period, Cigna's "Flexible Plan (Superior)" is better than others.
Interested friends can click the following link to learn more:
https://bit.ly/3lGtqmg
^Relevant plans are subject to the terms and conditions of the policy
*Information provided by the customer
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