How To Look For The Best Medical Insurance In Hong Kong
When it comes to medical insurance, we are pretty spoilt for choice in Hong Kong. The issue, however, is that not all medical insurances in Hong Kong are created equal. With that, it is not so easy finding one that best suits your lifestyle. Since there are practically thousands of options to choose from as far as medical insurance coverage is concerned, here is a quick guide on how to wade through all of them and ensure yourself of the best medical insurance in Hong Kong.
Look For Your Marketplace
Essentially, the best marketplace for medical insurance is the company you work for. Most employers provide medical insurances for their employees, but if you happened to work in a company that doesn’t have one or if you are currently unemployed, you need to look for a medical insurance marketplace that can offer you the lowest premiums.
Compare Various Medical Insurance Plans
When looking for the best medical insurance in Hong Kong, you will most likely run into a couple of alphabet soup.
Some of the medical insurance options you will find are:
- Health Maintenance Organization (HMO)
- Preferred Provider Organization (PPO)
- Exclusive Provider Organization (EPO)
- Point of Service Plan (POS)
When selecting a medical insurance plan, you also need to look at your family’s need under the microscope. Look at what kind of medical assistance the program can provide you and your beneficiaries.
Under the HMO or POS, you will be required to meet up with a primary care physician before proceeding with the medical insurance process. Another thing is that the primary care physician decides which doctor will attend to you during times of need. This is why many people prefer to acquire other plans instead.
If you want to work with any doctor that floats your boat, you might be a bit happier getting a PPO or EPO plan. If you live in a large metro area, an EPO plan might be the best choice since it can offer you the lowest premium options. On the other hand, if you reside in a rural area, your best bet is the PPO plan.
Compare the Benefits
Once you have set your eyes on two or three medical insurance plans, your representative will give you a list of benefits you will get the moment you finalize the transaction.
This will help you see which plan provides the most health coverage. Depending on your current financial condition and needs, you shall be able to decide on the best medical insurance in Hong Kong for you. When you are already settled with a particular plan, it is time to find an answer to whatever lingering questions you still have about the medical insurance.
For you to find the best medical insurance in Hong Kong for you, it is essential to take a look at your expectations first of all. Once you have done that, it will be easy to mix and match which medical insurance options and plans will work for you best.