Does this coverage sound right?
- 09-12-2006, 12:55 PM #1Banned
- Join Date
- Sep 2006
- Location
- Los Angeles
- Posts
- 4
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!
- 09-12-2006, 02:13 PM #2Banned
- Join Date
- Sep 2006
- Location
- Los Angeles
- Posts
- 4
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!
- 09-12-2006, 09:55 PM #3Registered User
- Join Date
- Jul 2006
- Location
- Mid-Levels
- Posts
- 173
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:
- 09-12-2006, 10:46 PM #4
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 28daysFounded GeoBaby in 2002
- 09-12-2006, 11:01 PM #5
Also, a couple of members have used MediBroker
http://www.medibroker.com/Founded GeoBaby in 2002
- 09-12-2006, 11:48 PM #6Banned
- Join Date
- Sep 2006
- Location
- Los Angeles
- Posts
- 4
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!
- 09-13-2006, 07:02 AM #7
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.
Founded GeoBaby in 2002
- 09-13-2006, 01:31 PM #8Banned
- Join Date
- Jun 2006
- Location
- Sham Tseng, N.T., Hong Kong
- Posts
- 81
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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