Hello all,
My employer is just setting up employee health insurance in Hong Kong. We are a very small company (~8 people), about half and half local and expat (USA) employees. We have been shocked by the price difference between local HSBC SME-oriented health insurance plans and "proper" expat plans such as from William Russell, etc.
The plan we are considering moving forward with is Group 100 Medical Plan #4 from HSBC with Outpatient Benefits included (see attached). The annual premium is HK$1806. I understand that hospital fees in HK are dramatically less than the USA, but have no experience with them directly, so am concerned.
For example, the max reimbursement "per disability" for hospital charges is HK$15,000 (~US$1924), which would instantly be exceeded by most visits in the US. Is this a reasonable maximum?
For "General Medical Practitioner Consultation" they will reimburse 80% up to HK$180 per visit. This seems quite low. "Diagnostic X-Ray and Lab Tests" max out at HK$1500 per year! Any advice?
Thanks,
Chris