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Healthcare costs in China for expatriates are soaring

Healthcare Is Expensive for Expatriates in China – Health Coverage is Vital

Many people can’t resist the appeal that China has to offer – the beautiful and diverse scenery, the local culture and is one of the main economic hubs of the world. There are so many fantastic career opportunities for expatriates in China where the economy is still growing at a fantastic rate. As an expatriate, it is not easy to resist the temptation to relocate to China – whether it be Hong Kong, Shanghai, Beijing or other major cities within.

China

Public Care

While taking into account China’s increasing population rates, increasing life expectancy rates and a stimulated economy increasing demand, the cost of China’s health care system is dramatically increasing as the years move forward. With this current trend, there is no foreseeable decrease in these costs, and it is explicitly important for non-native residents to take extra precaution. As China’s non-communicable disease rates are on the rise, the difficulty in obtaining sustainable public health care will continue to decline. As the cost of public healthcare continues to rise, the government is no longer able to support the financial demand – and is therefore forced to lower the standards of care in the general public hospitals. In our experience, expatriates do not seek healthcare in China from the public system and almost always obain medical assistance in the private clinics and hospitals.

Private care

As the general association between the cost of buying and operating in China is generally thought of as being inexpensive, this may lead an expatriate to believe that the cost of obtaining health and medical services would follow the same trend. This may be true for locals in China, as it is possible to find relatively inexpensive care in public hospitals; however, most expatriates will atomically seek medical treatment in private hospitals. It is much better for an expatriate to seek out private care, as it will be more likely to be close to their own standards of care, as well as less limitation with the language barrier. Private hospitals, albeit more expensive than the public ones, will still cost approximately 80% of what one would pay for medical treatment in an American hospital and clinics. In some cases even more than the USA. The levels of care that an expatriate will find in a private hospital is substantially better than what he will find in the public sector; it is even common for the wealthier Chinese nationals to seek private care in the country. Since you are probably from a country outside of China, it is critical that you get a plan that will also cover you back in your home country and throughout the region.

Healthcare in China

With the idea of private care in mind, it is crucial for expatriates living in any Chinese city to obtain international health insurance coverage for your relocation. Even though China is a major economic hub for many people, the cost of living is still one of the most expensive places in the world and obtaining an international health plan will allow you to have peace of mind and financial protection.

Expat Financial, a division of TFG Global Insurance Solutions Ltd, can easily obtain coverage for most expatriates in China. Our staff has the necessary knowledge to provide you with complete insurance coverage that will protect you while being posted in China. You can get a quote for healthcare in China via our quote page or by clicking the quote button below. Most people can obtain a quote in minutes and many are approved in minutes or after a few days.

Contact Expat Financial today for a more in-depth examination of your global health insurance needs for China and what plans we can offer you. If you require a quote for Chinese expat insurance, contact Expat Financial today. Please send along any relevant risk information that may be available or obtain a quote via the link above for the best plan that we can offer expatriates living in China.

2017 Travel Destinations: Best of China for Expats & Visitors

Why international health insurance is critical for expats in Beijing

Beijing is the capital of China and is located in northern China. It is a city that is well known for its cultural heritage sites such as the Forbidden City, Temple of Heaven, Summer Palace, Ming Tombs and of course, the Great Wall. Besides being the economic center of China, this fascinating city is home to many multinationals from abroad and local Chinese companies headquarters. Many firms are willing to bring in new expats from abroad with western education and experience. In this article, we will discuss healthcare in Beijing, why international health insurance is critical for expats and expatriate group insurance plans for international employers if wishing to open a market in Beijing.

Healthcare in Beijing

Generally speaking, the standard of the healthcare system in Beijing is higher than in most cities in China. Since Beijing is the capital city of China with a large population, many well-known doctors and medical experts reside there. Many patients travel to Beijing just to see a renowned doctor in one of the many hospitals that are located there. Public hospitals in Beijing are not only serving residents, but also patients come from all over the places in China. As a result, most public hospitals in Beijing are often overcrowded, with long waiting periods and long line-ups. One should also note that the air pollution is a significant concern for both locals and expatriates in China. The health impacts of that pollution will impact the health of expatriates in Beijing and having medical coverage, and preventative healthcare is critical.

Private hospitals and clinics are also available in Beijing. These private medical facilities usually have English speaking doctors and medical staff. Some of them are even expatriates from western countries. High end private international clinics such as Beijing United Family Hospital are one of the options for foreigners. Such private medical firms can provide faster medical appointments and urgent medical treatment. Many private international clinics offer direct billing with global insurance companies, which is very convenient for expatriates living and working in Beijing. Therefore, most expats in Beijing would want to choose the city’s private medical centers.

The High Cost of Medical Care in Beijing & the Rest of China

Like most of China, private health treatment has become extremely expensive in Beijing, even rivalling the United States. Even at public hospitals with special foreign or VIP departments, medical costs are rising, according to recent reports. For example, an uncomplicated birthing procedure at private international clinics Beijing United Family Hospital costs over $13,000 USD. The cost of one standard private hospital room can be thousands of US dollar per night. In case of a medical emergency, the costs are estimated to double or triple. Without an appropriate medical coverage plan, expatriates could end up with paying tens of thousands of US dollars or even more.

expat healthcare if critical

Why is International Health Insurance Critical For Expats In Beijing? 

Many expats working in Beijing may qualify for the local public health insurance system. However, the public health insurance plans does not meet most expat needs, especially if you want to get treated at a private facility or outside of China. As noted above, medical treatment fees in Beijing are relatively high, and expats may find that they still need to pay a certain amount of co-payment when going to public hospitals.

For expats who prefer private hospitals and clinics, it is critical to obtain an international health insurance plan. A typical international health insurance plan will provide coverage options such as hospital coverageoutpatient treatment, medical emergency evacuation, routine health check-ups, dental & vision care and US coverage options. It will help you maintain your health and avoid financial risks while working and living in Beijing. It is also imperative to have an international health insurance plan that provides international emergency evacuation and repatriation coverage.

International Group Insurance Plans For Expatriate Employees in Beijing

While we can source individual medical plans for expats in Beijing and the rest of China, Expatriate group insurance plans are critical for international employers who wish to open an office in Beijing or already have expat employees there. An international group insurance plan for expats in Asia will usually include life insurance, health insurance, dental, evacuation and disability insurance to expatriate employees and even some key local nationals. It will not only protect expatriate employees in Beijing, but also will protect an employer’s business as providing medical coverage is a key fiduciary responsibility. The international expat group insurance plans can be tailored to meet the needs of your employees working in Beijing so that your business objectives can be achieved. It is critical that a global benefit plan cover pre-existing medical conditions and provide easy access and direct payment to the hospitals in the city and the rest of China.

Get Insurance From Expat Financial for Beijing Expats

Expat Financial offers independent advice, solutions and ongoing service and support to clients around much of the world and we have extensive experience in sourcing medical cover for individual expats and expat employers in Beijing and the rest of China. We can source plans from large and secure global insurance companies with excellent global service and support. Our firm can offer a wide array of individual expat health insurance plans for expats in China and even Chinese expatriates living overseas. If you have questions about our international medical insurance plans and expatriates group insurance plans or you want to discuss your needs and produce a customized quote, please contact us or complete the quote form. We look forward to hearing from you soon.

Expat Health Insurance in China

The health insurance industry in China has been developing rapidly over the past twenty years. The national standard of living and healthcare facilities have also been significantly improved. Due to its economic and social reforms, urban areas in China have experienced higher living standards and the population of expatriates in China also kept up with the changes.

Healthcare Today in China

The healthcare system in China heavily dependent on location and resources. In urban areas such as Guangzhou, Beijing and Shanghai, hospitals and medical facilities have high-end equipment. Whereas in rural areas and villages, healthcare centres only have basic equipment and facilities. Faced with the challenges of insufficient medical resources, China has been implementing healthcare reform in the past ten years including infrastructure development and new investment. These medical reforms will significantly improve operation in hospitals, healthcare insurance, and encourage new investment opportunities within the healthcare sector.

Public Hospitals and Private Clinics

Most hospitals in China are Mandarin based. Only a few of them in major cities might have English language services. Public hospitals in cities such as Beijing, Guangzhou and Shanghai can provide comprehensive health services, including medical education and regional research. Some of them have specialist health services and scientific research. However, these types of public hospitals are all very busy and crowded. This is because they don’t take appointments in advance. Expats who want to receive treatment from public hospitals in China must wait in line, register and pay the registration fee each time at the reception desk. Furthermore, most public hospitals in China will not accept expat medical insurance. This way, you will have to deposit medical costs before receiving any treatment and reimburse from your insurance company later.

Therefore, due to the inconsistency and inconvenience, public hospitals are not generally used by expats. Another option could be joint venture medical facilities and private clinics. These joint venture hospitals can be foreign-run in China. They usually match the standards of Western facilities, and medical staff are usually have received international training. Language won’t be an issue. However, medical treatment in these hospitals can be costly. Fortunately, the international and private clinics are more likely to accept expat health insurance from abroad. Therefore, it is very important for you to make sure that you are covered by expat health insurance.

Health Claim Costs are Increasing in China 

It has been reported by our clients in China and global medical insurers operating there, that the medical costs of China have been increasing rapidly. The dramatic increase of wealthy individuals in China who prefer to obtain private medical treatment has meant that health costs for expatriates have also increased at a rapid pace. It is a matter of supply and demand, and health claims for the insurers with expats in China will continue to increase.

Why is Expat Health Insurance A Must? 

If you plan to stay in China to work and live for some time, it is strongly suggested that you should obtain quality expat health insurance before departure. Though China is implementing healthcare reforms these days, medical facilities in many areas are very basic. Even in many major cities where satisfactory healthcare in public hospitals for expats are available, the method of payment and the quality of medical treatment may still be inadequate. For the popular choice of foreign-run hospitals, expats are usually required to make payment in advance before receiving medical treatment. It can be very expensive for emergency treatment and medications in most of the international hospitals.

With a comprehensive expat health insurance plan, you are covered for medical expenses, hospitalization and treatments, medicines and emergency evacuations – which are all you need to stay in China. If you are going for a short visit to China, then most people will purchase travel medical insurance for up to one year. Some Chinese embassies require proof of health insurance before issuing visas especially if you are an international student. If you are planning to reside in China, it is critical that you purchase an international health insurance plan that will not only cover you in China but globally as well.

Expat Financial offers several different international health insurance plans for expatriates of any nationality across the world. We also offer excellent service before and after you purchase your international health insurance plan. Our firm is also very experienced in sourcing group plans for multinational firms with expats in China.  If you have questions about our international medical insurance plans or if you want to discuss your needs and produce a customized quote, please contact us or complete the quote form.