Due to a limited income and heavy expenses, young families and young adults who have just started their career may not have a lot left in their pockets each month, but they too deserve comprehensive medical protection that provides them ample support when in need. Choose right, and a comprehensive plan can also be affordable.
Below are two illustrations that demonstrate how Cigna VHIS Series Flexi Plan (SMM) and Flexi Plan (Superior) can be your solutions to all-round health protection for you and your family.
Illustration 1
Policy Holder: Michael
Age: 23
Plan level: Cigna VHIS Series - Flexi Plan (SMM)
Michael is working at his first job after graduation and benefits from the company’s group insurance. He opted for Cigna VHIS Series Flexi Plan (SMM), paying a premium of HK$309 each month. Unfortunately, he encountered a car accident last week during commute, which caused him broken arms and legs.
|
Benefit item (HK$) |
Subtotal |
In excess of item limit |
|
Room and board |
$3,000 |
X |
|
Operating theatre charges |
+$4,375 |
X |
|
Pre- and post-Confinement/ Day Case Procedure outpatient care |
+$750 |
X |
|
Surgeon’s fee (Intermediate) |
+$12,500 |
$20,000 |
|
Miscellaneous charges |
+$14,000 |
$20,000 |
|
Supplementary major medical benefit ($20,000 + $20,000)x80% |
+$32,000 |
X |
|
Total claim payable |
=$66,625 |
|
|
Total premium paid |
-$3,551 |
X |
|
First-year premium discount for online purchase $3,551x15% |
+$533 |
X |
|
Tax benefit (based on 15% Standard Rate) ($3,551-$533)x15% |
+$453 |
X |
|
Net saving |
=$64,060 |
Sarah and Jason are a newly-married couple. They rented an apartment together after getting married, which adds to their monthly financial expenses. Nonetheless, they purchased Cigna VHIS Series Flexi Plan (Superior) with a HK$25,000 deductible option. They are paying a total premium of HK$820 per month. Sarah is working at an international accounting firm and also benefits from the firm’s group insurance.
Sarah discovered a non-cancerous lump in her right breast last month and she is relieved to discover that her Flexi Plan (Superior) is able to fully compensate all of the expenses associated with this treatment, whereas the group plan fully covers her deductible of HK$25,000.
Plans with deductible options usually have lower premiums with comprehensive coverage. By choosing such plans, Sarah and Jason enjoy all-round medical care with a minimal contribution per month.
|
HK$ |
|
|
Hospitalization expenses |
$158,952 |
|
Outpatient expenses |
+$6,000 |
|
Total Medical Expenses |
=$164,952 |
|
Deductible (fully-covered by group plan) |
-$25,000 |
|
Total claim payable |
= $139,952 |
|
Total premium paid |
-$4,713 |
|
First-year premium discount for online purchase $4713x15% |
+$707 |
|
Tax benefit (based on 15% Standard Rate) ($4713-$707)x15% |
+$601 |
|
Total covered |
=$136,547 |
The Cigna VHIS Series Flexi Plan (Superior) features four deductible options, namely $0, $15,000, $25,000 and $50,000. What's more, we offer 15% off your first-year premium for online purchase. Click here for more details.