How Family Insurance Works

INTERNATIONAL FAMILY INSURANCE FOR EXPATS VILLAGE İnsurance What are DEDUCTIBLES? INDIVIDUAL DEDUCTIBLE = HK$2100 He pays the full amount out-of-pocket. Deductible balance: Mon and 1st child still January: Dad is diagnosed with bronchitis have HK$2100 worth of deductibles each before Cost: HK$2000 HK$100. their policy starts You pays the remaining balance from his Dad goes back to hospital for check up and tests. Cost: deductibles - HKŞ100. Insurance pays for the remaining HK$2900. HK$3000 What is COINSURANCE? Provider pays HK$1050 (70%) Your first child needs monthly check-ups and medication for Cost: HK$1500 his skin asthma. You pay HK$450 (30%)