Jump to content

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
ExpatWealth

Shanghai Expat Medical Insurance: Typical Premiums & Fees

Recommended Posts

ExpatWealth    0

Health insurance for expats living in Shanghai can get very expensive very fast. Let’s look at a few numbers.

Let’s say you are a family of 4 living in Shanghai, and you want to buy some comprehensive medical insurance that covers both inpatient and outpatient services. One leading international insurance provider offers coverage to Shanghai expats at 3 levels of service.

The mid-priced package provides hospitalization, outpatient services, health checks, emergency medical evacuation, and a variety of other features that expat families in Shanghai would care about. It does NOT cover the US, except for emergencies.

How much can you expect to pay for this kind of coverage?

If you were a single 34 year old living in Shanghai, your annual premiums would be just a bit over US $1500 (as of November 2012).

You first child would cost you an extra $700 or so, and your second child would add another $ 550.

So for the whole family, you can expect to shell out around US$ 4,250 for a year’s worth of comprehensive medical insurance in Shanghai. (Being in Shanghai will cost you around 10% more.) It’s worth it to have piece of mind – but even better if you can get your company to foot at least part of the bill!

BUT, you can lower your premiums significantly by opting for a “deductible” or “excess”. (US providers say deductible, UK and international say excess. Same thing.)

If you select a $100 deductible, then the first $100 in medical expenses each year are your responsibility, and you must pay out of your own pocket.

In the case of this fictional company, a $100 excess will save you around 5%, a $400 excess will cut your premium by 15%, and a $1,600 excess will save you 30%.

Every company is different, and you will have to sit down with an advisor to get the facts for your unique situation. But expats and international Chinese in Shanghai can expect to see these kinds of premiums for high-quality comprehensive medical insurance.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  



  • Similar Content

    • By ShanghaiHousing
      This amazing property in central Jing’an represents the very best of what is available on the market today. For discerning tenants, this home combines Western standards of quality with a beautiful, lovingly designed interior. A very spacious 280 square meters includes five bedrooms, three and a half bathrooms, living room, dining room, study/den, utility room, and a large 60 square meter garden.

      Each room has been given a character of its own, without forgetting such luxury creature comforts as underfloor heating? a radiator and central air conditioning system gives you full control over temperature settings.

      The home is available in both furnished or semi-furnished options. Not only is this a dream house within, but Shanghai Center and Plaza 66 are a mere five minute walk away putting you at the heart of the city’s infamous Nanjing Road shopping and dining paradise. As this home won’t stay on the market for long, please contact us soon to arrange a viewing.   








    • By ShanghaiHousing
      This cozy one bedroom apartment on Fumin Road is one of the more creative renovations found in the former French Concession. Under the direction of the expat landlord, a modern interior design was unveiled that uses glass as its defining feature. Together with its open plan style, the liberal use of glass gives the feeling of a much larger space. On one end is a fully-equipped kitchen with an oven, microwave, fridge, and stove, all hidden through a clever use of more glass! At the other end of the apartment is a spacious bedroom with a walk-in closet, and a glassy bathroom featuring an electric towel hanger completes the home. Extra perks include furniture, high ceilings, a radiator system, satellite TV, WiFi, and pleasant scenery outside the windows. Finally, on your doorstep you will find some of the city’s most happening restaurants, bars, boutiques, and more! Just bring your suitcase? this place is ready for you to move in.
       










    • By ShanghaiHousing
      Found down a quiet lane near the intersection of Huashan and Wulumuqi Roads, this beautifully renovated lane house makes for an excellent family home with unique character. The apartment features a private entrance, 24-hour security, and quick, convenient access to metro lines 1, 2, and 7. The fully furnished interior, at 170 square meters, includes three en-suite bedrooms (highlight: a very large master bedroom suite with sauna), living and dining areas, and a 50 square meter private garden. With your own secret garden, you’re guaranteed plentiful sunshine, fresh breeze, and a perfect location for entertaining friends. Please call us to arrange a viewing.
       










    • By ShanghaiHousing
      Located within Shanghai’s historic Embankment Building – first built by Victor Sassoon in 1933 and at the time the largest (and one of the most extravagant) apartment buildings in the world – this 145 sqm, two-bedroom apartment offers modern comforts in an iconic location.
      This bright and airy apartment comes with a big balcony, a fully equipped, open kitchen – perfect for entertaining – ensuites attached to both bedrooms, floor heating throughout, central AC and separate laundry/utility room.
      Renovated in a modern style, with big windows, the location is perfect, close to the Bund and only ten minutes walk from a Japanese imported goods store on Nanjing Dong Road. Rental from RMB 20,000 per month.
       










    • By Carolyn
      Small-sized American company is looking for a finance and admin manager for their office in Shanghai.
      The office is located in Dongchuan Lu, Minhang.
      This person will manage the accounting and admin/hr and report to CEO.
      Key requirements:
      1. Min 8 years accounting experience in foreign companies. Small company experience preferred.
      2. Fluent spoken English.
       
  • Topics

  • Who's Online (See full list)

    There are no registered users currently online

×