Company or group health insurance policies are available for any small businesses to large companies in Thailand and neighboring countries. Our insurance advisors can discuss with you your company's needs and provide you with a range of medical benefits as well as different levels of coverage options. We will then obtain proposals from a number of leading and reputable companies that are on our list. We can offer comprehensive group health insurance options to companies worldwide. Company health insurance plans which we work with are perfect for groups of more than 3 employees, and can often be tailored to meet the specific needs of your organization.
Health Insurance premiums increase every year due to the following : Global cost of medical treatments increase annually Hospitals increase their medical costs each year. The price of medications go up each year. You pose a higher risk to the insurance company as you get older, in addition, the cost of treating you will rise considerably if you have to have treatment at a hospital. All health insurance companies charge premiums according to the customer age / age band and these premiums are normally split into 5-year age groups. As you get older, you will move to a higher age group and you will notice a higher jump in the premium increase when you move. Each year, health insurance companies have to revise their premiums based on the previous year’s claims expenses. If all the customers had a higher incidence of claims, the premiums have a higher annual-incremental increase. When hospitals increase their medical charges, the premiums have to go up. Most Health insurance companies try to keep their premiums as reasonable as possible in light of helping their clients, and as well as making some profit. There is nothing that the insurance companies can do to control the hospital medical charges; all hospitals try their best to charge as much as possible for their services. Cheaper options are available but work with your Health Insurance Broker, so that you do not place yourself in a disadvantaged position.
Using a Health insurance broker does not cost you anything extra. Whether you go direct to the Insurance company or you go through a broker, you pay the same rates. Your broker is there to work with you, guide you and for you. You have more choices ( Insurance companies and plan options ) available and someone to hold your hand when you have complications / queries. The broker is not beholden any one company.
For in-patient treatment, most Insurance companies operate a direct-billing facility to any of their contracted hospitals. Costs for treatment at hospitals with which they do not have a billing agreement will require a letter of guarantee which they will provide for any hospital worldwide and will be dealt with on a case-by-case basis. For Out-patient medical costs, you may need to pay first and then submit a claim. Claims tend to be processed in an average of two weeks, but this may vary from company to company.
You are free to choose any medical provider you are comfortable with. Most insurance company’s have a network list. Should you go to a hospital or clinic that is not on their list you could end up having to pay first and then get reimbursed.
Insurance companies usually have an age restriction, they will only cover you until you're 80 or 90. This varies from company to company. Ask your broker / agent until what age you are able to renew your health insurance.
Outpatient is treatment you receive when you go to hospital, see the doctor, obtain medicine etc and then return home. Inpatient is when you are admitted to hospital for a period of time.
This depends on the plan level you choose from the selected Insurance company. Speak to one of our staff for assistance.
Changing one level of cover can only be done at the renewal date of the policy, whether this be to downgrade, upgrading plan or have other options. In the most cases of upgrading, a new medical questionnaire may need to be completed.
Most Insurance companies have this as an optional extra, and it varies from company to company and the plan level selected.