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Introduction

One of the great parts about living in Hong Kong is the fact that the city has an excellent public healthcare system, which is able to provide low cost healthcare services to residents due to the fact that it is subsidized by the Hong Kong government. That being said health insurance will minimise waiting times, and give a much broader access to treatments and drugs available in Hong Kong. There are actually two very distinct types of health insurance plan available in Hong Kong.

Things to consider

– Local Health Insurance: The first type of medical insurance coverage available in Hong Kong is that which is typically known as “Local Health Insurance.” Simply put, local health insurance plans are designed to protect you only within the borders of Hong Kong, meaning that if you require healthcare protection whilst overseas you will typically have to purchase short-term travel insurance plans.

– International Health Insurance: The second type of medical insurance plan widely available in Hong Kong is that which is normally referred to as “International Health Insurance,” or “International Private Medical Insurance” (IPMI) coverage. In contrast to local health insurance plans, an International policy has the ability to provide global healthcare protection; offering comprehensive coverage against the cost of medical treatment anywhere in the world, and not just within the borders of a single country. Typically more expensive than a local health insurance when initially purchased, international health insurance policies do not use a policyholder’s claims history to calculate renewal premiums. Instead, premiums are calculated based on your age and the plan’s geographical area of coverage.

Summary

Not all Medical Insurance plans offer total coverage, so it’s important to understand your needs before buying coverage.  Most expats would typically be better suited to the International Health Insurance products.

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