What is health insurance?
Health insurance is used to reimburse, partially or fully, your medical expenses. Depending on the cover chosen, health insurance can reimburse you:
- Your consultations and medical care;
- Your medication (upon presentation of a medical prescription);
- Your hospital costs;
- Your maternity expenses (monitoring of pregnancy, childbirth, etc.);
- Your optical and ophthalmological care;
- Your dental care and prostheses;
- Your costs related to an evacuation or repatriation.
What is an onshore health insurance plan onshore plan versus an offshore plan?
Your insurance contract has been arranged or effected wholly or partly with a foreign insurer that is not authorized by the Insurance Authority to conduct insurance business in Hong Kong. Such foreign insurers are not subject to the provisions of the Insurance Companies Ordinance (Cap. 41), which establishes a system of prudential supervision of authorized insurers in Hong Kong.
Do I have to pay for Alea services?
No, you pay absolutely nothing for our services. If you take out an insurance policy with us (or transfer your current policy for Alea advice and service), we are paid by a brokerage commission received from the insurer. We offer free advice and quotes to find the best health insurance for you at the best price. The price we indicate is the same or even cheaper than if you buy your insurance directly from an insurer.
What services does Alea offer?
- An audit of your current insurance policy, if applicable.
- Help in defining your budget and your needs.
- Market research of the products that best suit your budget and your needs.
- The selection of the best insurers and products for you.
- The preparation of a clear analysis and explanations on premiums and benefits.
- Help and follow-up during your membership procedure and during the renewal process.
Do I need health insurance?
Yes, because an accident or illness can happen at any time. It is important to be insured to pay your medical bills, because in Asia they can be very high. For example, in the private sector in Hong Kong, surgery following an arm fracture costs HK$ 250,000 (€29,000) and cancer treatment costs between HK$ 1,000,000 and HK$ 2,000,000 (€116,000 up to €200,000).
What is the difference between travel insurance and international health insurance?
They are completely different products. Travel insurance is generally temporary and does not cover pre-existing medical conditions. It is cheaper and also covers the risks associated with the trip (cancellation of flights, loss of luggage, etc.). International health insurance provides longer term protection, specifically for your medical expenses. The guarantees are therefore more extensive and renewal usually guaranteed. Contact us at firstname.lastname@example.org for more information.
Do I really need health insurance? Where I live, the public sector is inexpensive or even free.
It is important to know the pros and cons of your local health sector. Is the quality of care sufficient? Are there any waiting times that could compromise your treatment? For example, Hong Kong has an excellent public sector but waiting times are very long (including in the case of cancer treatment - even in advanced stages, since it is impossible to start immediate treatment with certainty). This is why it is common to take out health insurance in order to have the option of going into private sector, where there are very short waiting times but the prices are very high.
Can anyone signed up to health insurance?
In general, the minimum age to subscribe is 18 and the maximum age is between 60 and 75 depending on the product. There are so-called “expatriate” products which require that your nationality be different from your country of residence. There are also specific international products, like in Hong Kong, where nationality has no impact on your eligibility.
Can my family members be covered?
Yes. An additional contribution is required by the insurer to cover your family members. Your partner can be covered on your insurance whether you are married or not. Children are covered under their parents' policy until the age of 18, and can be covered longer if they study full time (up to 20 or 26 depending on the product). Please note: some products require that all family members have the same levels of guarantees, while other products are flexible and allow people under the same contract to have different guarantees. Contact us at email@example.com for more information.
What is sufficient international health coverage? Do I have to choose all the guarantees?
The minimum coverage to be taken is hospitalization in the event of an accident or serious illness as the costs can be very high. To this hospitalization cover, you can add standard medicine (consultations, prescriptions, radiology, etc.) according to your needs. Depending on the scope of the standard medicine guarantee, this can include complementary medicines (osteopath, homeopath, etc.) as well as health checks. Other guarantees that you can choose as an option are maternity as well as dental and optics. Although your needs may change over time, it is important to note that any increase in warranty (“upgrade”) requires a new medical questionnaire and that may subject you to exclusions or surcharges due to medical conditions. However, any reduction in your guarantees (“downgrade”) is only a simple formality and does not require a new medical questionnaire.
What are the benefits of international health insurance?
This insurance covers you all over the world, and can guarantee the payment of your hospital bills all over the world. So you don't have to pay out of pocket large amounts of money for your health care. You have the freedom to choose your healthcare provider and can keep this coverage if you move; for example if you move from Hong Kong to Singapore.