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Does this coverage sound right?

  1. #1
    Denger is offline Banned
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    Los Angeles
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    Does this coverage sound right?

    Hi everyone,

    I just received my maternity insurance pamphet. Here is an excerpt:

    Maternity benefits covers all expenses (up to the benefit limit stated below) during pre-natal and post-natal periods; actual charges made by the hospital for room and board, general nursing care and special hospital services and any obstetrician's fee relating to the same pregnancy.

    Currency
    Normal Delivery $12,500 HKD
    C-Section $18,500 HKD


    Am I missing something or does this seem extremely low for a large multinational company? Should I insist on a better package? Are there other self-coverage options?

    Thanks for your advice!

  2. #2
    Denger is offline Banned
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    Oh, I also read some people talk about buying maternity insurance on your own. One person mentioned Allianz's unlimited coverage for about $17,000 HKD/year and another mentioned Global Health coverage for a simialr amount.

    Does anyone know where I can get more info on these insurance products? I checked out the Allianz website and couldnt find anything.

    Thanks!

  3. #3
    Bear Lau is offline Registered User
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    I had one with unlimited 100% maternity reimbursement but cost USD700 per month(include other medical expenses) when I gave birth to my little daughter.

    After her birth I changed to another coverage from International Health Insurance which is from Denmark. The premium you paid depend on the amount of deductible you have chosen.I have chosen a deductible of USD400/year, my premium (age 38) cost USD 2,517peryear with 100% reimbursement for CS section with maximium of USD 12,000 and USD 6,500 for normal delivery.

    I contact them through a brooker named Tel: 3113 2112.

    Just a general point, if you got a individual medical insurance, there is normally a 10-12 months waiting period for maternity reimbursment.

    I just realise that you are from LA, are u going to relocate to HK ? Just let you know, most of the local (HK) medical insurance do not cover maternity expenses.
    Last edited by rani; 09-12-2006 at 10:31 PM.
    Bear Lau:

  4. #4
    rani's Avatar
    rani is offline Administrator
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    I signed up with William Russell.

    They cover a max of US$6.4K for prenatal/ and a normal delivery. US$9.6K if there are any complications and the baby is also covered up to $40K for the first 28days
    Founder of GeoBaby.Com

  5. #5
    rani's Avatar
    rani is offline Administrator
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    Also, a couple of members have used MediBroker

    http://www.medibroker.com/
    Founder of GeoBaby.Com

  6. #6
    Denger is offline Banned
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    Thanks everyone.

    Rani, what does the William Russell coverage cost? I know this varies, but I'd like to get a rough idea of the annual premiums so I know what amount to negotiate with my employer.

    Bear Lau, I am currently in LA but will be moving to HK shortly. About your premiums, isn't $700USD/month excessive? If you need to maintain this insurance for at least 9 months, the premiums add up to $6300 USD which is about the cost of the pregnancy itself.

    Thanks for the advice thus far!

  7. #7
    rani's Avatar
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    WR is around US$2,000/year. THis is for Area 1 cover which is worldwide and only includes A&E in the US for the frist 45days.
    Founder of GeoBaby.Com

  8. #8
    AnitaC is offline Banned
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    Denger, here is some info for you:

    Global Health - Max. Cover USD$80,000, Waiting period 3 months, elective C-section is covered, new born cover for a year, in-patient and out patient cover

    Advantage: short waiting period, relatively low premium for in and our patient cover

    Allianz - Unlimiated Cover, waiting period 10 months, elective C-section is not covered, new born cover for a year, in-patient cover, and elective out patient cover

    Advantage: unlimiated cove, relatively low premium if you only need in-patient cover.

    I do not like William Russell and Goodhealth because you have to pay 20% towards the expenses, and worry about the limit.

    I also not like Bupa Int'l because of its very high premium compared to other insurers.

    Hope this helps!

    Anita

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