What is the Voluntary Health Insurance Scheme?

Your health and peace of mind is priceless wealth. That’s why it’s crucial to have a comprehensive health plan in place to safeguard every step in your journey. Introduced by the HKSAR government to regulate hospital insurance plans to individuals, the Voluntary Health Insurance Scheme provides a number of standardized products to encourage the use of private healthcare services.

What are the key features?

There are two certified VHIS plans:

Standard Plan

Standard Plan

  • offers basic protection as per minimum requirements of VHIS
Flexi Plan

Flexi Plan

  • offers enhanced protection with higher benefit amounts and a wider range of coverage
  • encourages product innovation, competition and diversity to meet market needs

 

Both types encompass the following key features:

Guaranteed renewal

Guaranteed renewal up to the age of 100 years without re-underwriting
Regardless of your age and health condition, you will have continuous coverage.

Treatment of congenital conditions

Treatment of congenital conditions
Conditions that have manifested or been diagnosed since the age of 8 will be covered.

Tax deduction

Tax deduction
Premium paid is tax-dedutible, up to $8,000 per insured person per policy.

Day case procedures

Day case procedures
Day case procedures such as endoscopy conducted in day centers will be covered.

No “lifetime benefit limit”

No “lifetime benefit limit”
Meaning no cap on how much you can claim in your lifetime.

Prescribed diagnostic imaging tests

Prescribed diagnostic imaging tests
Tests such as CT scan, MRI scan, and PET scan will be covered, subject to 30% coinsurance.

Unknown pre-existing conditions

Unknown pre-existing conditions
25% of claim amount in the 2nd year, 50% in the 3rd year, and fully covered from the 4th year onwards.

Prescribed non-surgical cancer treatments

Prescribed non-surgical cancer treatments
Treatments such as radiotherapy, chemotherapy, and targeted therapy will be covered.

Cooling-off period of 21 days

Cooling-off period of 21 days
This is the time during which you may cancel your policy and receive a full refund.

Psychiatric inpatient treatments in local hospitals

Psychiatric inpatient treatments in local hospitals
These treatments will be covered up to the limit of HK$30,000 per year.

Premium transparency

Premium transparency
Premiums schedule and scope of coverage are easily accessible.

   

 

If you would like to know more about the difference between the private and public healthcare costs to better evaluate your insurance needs, you can refer to the Private vs Public Healthcare in Hong Kong Guide. You can also contact one of our expert advisors today to obtain professional advice or/and a free personalized quote.

Get Quote and Details From Kwiksure

Looking for the best voluntary health insurance policy?
Kwiksure has a range of VHIS plans available to protect your health and meet your insurance needs.