Quick Answer: Do you need medical insurance in Hong Kong?

Unlike countries like the United States or Switzerland, having health insurance is not mandatory in Hong Kong. It will mainly depend on your choice to use public or private healthcare facilities. It is important for you to understand how the system works, and the costs involved beforehand.

Is health care free in Hong Kong?

Because of its early health education, professional health services, and well-developed health care and medication system, residents of Hong Kong enjoy a life expectancy of 85.9 years for women and 80 years for men. … In addition, Hong Kong’s public healthcare is virtually free to the individual.

Do I need to buy medical insurance?

Health insurance coverage is no longer mandatory at the federal level, as of Jan. 1, 2019. … Going without health insurance saves you money since you’re not paying premiums, but it could put you at financial risk if you get injured or develop a serious illness.

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How much does it cost to see a doctor in Hong Kong?

For outpatient visit, it costs $790-2210 per attendance. If you would like to visit a private clinic, you may visit this Private Clinic List for the one nearest to your home. The cost basically starts from $400, depends on the doctor and the medicine provided.

How many people have health insurance in Hong Kong?

According to the Census and Statistics Department (“C&SD”), as many as 3.26 million people or 47% of local population were protected by health insurance in 2016, comprising 1.48 million people with IHI policies only, 0.86 million with group-based policies only and 0.92 million with both types of policies.

Is healthcare expensive in Hong Kong?

Is healthcare free in Hong Kong? No. For HKID holders, costs in the public healthcare are nearly free and largely affordable. Medical charges in the private sector, however, vary greatly — Hong Kong has the world’s second most expensive private healthcare after the US.

Which medical insurance is best in Hong Kong?

Best expat medical insurance in Hong Kong

  1. Pacific Prime. …
  2. Bupa. …
  3. Cigna. …
  4. Expat Insurance Hong Kong. …
  5. Healthcare International. …
  6. AXA Hong Kong. …
  7. Aetna International. …
  8. William Russell.

Is medical insurance a waste of money?

Simply put, basic health coverage is not a waste of money.

Even though there is no longer a federal penalty for not having insurance, you run the risk of having to pay for any sudden or planned medical needs — even if you’re young and healthy — which can be hundreds of thousands of dollars.

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Is it mandatory to have health insurance in 2021?

BY Anna Porretta Updated on December 16, 2021

As of 2019, the Obamacare individual mandate – which requires you to have health insurance or pay a tax penalty –no longer applies at the federal level.

Is ambulance free in Hong Kong?

The public emergency ambulance service 999 is entirely free – for both HK ID holders and non HK ID holders such as tourists – and takes patients to public hospital A&E Departments only. On extremely rare instances, the ambulance can drive you to a private hospital but you need a specific doctor letter for that.

Are doctors in Hong Kong Good?

The HK government provides an excellent and highly affordable health service. … The city’s public doctors are all highly qualified, and government medical staff include all the specialist practice areas you’d expect, along with a quintessentially Hong Kong addition – TCM (Traditional Chinese Medicine) practitioners.

Is college free in Hong Kong?

The education system in Hong Kong is publicly funded. All 12 years of education, from primary to senior secondary school (ages 6 through 18), is free for students attending public schools.

How much does Hong Kong spend on healthcare?

Total health expenditure amounted to $189,624 million in 2019/20, with annual per capita spending at $25,258. From 1989/90 to 2019/20, total health expenditure rose at an average annual rate of 5.6% in real terms, faster than the corresponding increase of 3.4% in Gross Domestic Product (GDP) during the same period.

Which country has the best healthcare system?

Countries With The Best Health Care Systems, 2021

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Rank Country Health Care Index (Overall)
1 South Korea 78.72
2 Taiwan 77.7
3 Denmark 74.11
4 Austria 71.32

What are the challenges of Hong Kong healthcare system?

4 The main challenges of Hong Kong’s health system are rising demand due to an increasingly aging population, chronic staff shortages (physicians, nurses, and allied health professionals), and growing waiting lists for access to healthcare.