Co-Wealth helps small and medium enterprises in Hong Kong to solve health problem with medical insurance application services

HONG KONG
SAR – Media
OutReach – 23 November 2021 – Professional medical services can solve
health problems for many. However, expensive medical expenses are not
affordable for everyone. Regarding this, Co-Wealth provides its customers with
comprehensive medical
insurance
plans and group
medical insurance
services to reduce the burden of customers’ medical expenses, in hopes that
customers can concentrate on receiving treatment and get back to health as soon
as possible.

Medical
insurance
mainly guarantees hospitalization medical expenses for the insured. Most medical
insurance
products have multiple protection items, and each item has a compensation
limit. Some medical
insurance
products adopt a “full coverage” structure. The premium of medical
insurance
is determined according to the age of the insured. The insurance is renewed
each year, and the insured shall claim compensation in the form of actual
reimbursement.

When comparing medical insurance products, Co-Wealth considers the expected coverage rates of several
common injury cases. Furthermore, the medical expenses of relevant cases would
be adjusted according to the ward level of the selected Hong Kong private
hospital.

Group medical care is designed
for small and medium-sized enterprises with 3 or more employees with
comprehensive coverage.  Group medical care covers
life, accident, hospitalization, online outpatient medical insurance protection,
and global emergency support services to help the insured with medical
expenses. In addition, insured members only need to show their health card and
pay a small out-of-pocket payment to enjoy high-quality online outpatient
medical services, and eliminate the need for post-incident claims procedures,
allowing employers to easily provide employees with the most basic and
practical high-end medical insurance protection.

There are
various types of high-end medical insurance on the
market. However, not everyone has a guarantee renewal clause, given that the medical insurance company has
the right to respond to past claims or physical conditions of the insured when
the policy is renewed in case of no such clause in the policy. The medical insurance company
would then decide on whether to let the insured renew the insurance. Therefore,
the insured is very passive in this situation.

Group medical treatment can provide
employees with a safety net. When feeling unwell, insured members can be
treated with the most appropriate treatment plan, so that employees can feel
more at ease when insured.