A deductible (or excess) is the amount the insured person needs to pay by himself/herself in the event of a claim before Bowtie makes reimbursement for him/her. We would cover any remaining medical expenses according to the benefit limits in the policy.
If the insured person has a Bowtie Pink plan with a $20,000 deductible and the total medical expenses are $70,000, we will cover $50,000
Total medical expenses – Deductible = Coverage
$70,000 – $20,000 = $50,000
Deductibles are calculated on a policy year basis. Only after the annual deductible has been fully consumed, the remaining eligible expenses will be reimbursed within the policy year. The deductible shall be reinstated on a policy year basis.
How to choose deductibles smartly?
You could choose the best plan & deductible option according to the benefit limit for room and board of your existing medical insurance (i.e. group medical insurance) .
|
Room & Board - Benefit Limit |
Suggested plan & deductible |
|
HK$0 (no medical coverage)
|
Bowtie Pink (Semi-Private) - HK$0 deductible
|
|
HK$1,500 - HK$1,800
|
Bowtie Pink (Semi-Private) - HK$50k deductible
|
|
>HK$1,800 |
Bowtie Pink (Semi-Private) - HK$80k deductible |
|
<HK$4,300 |
Bowtie Pink (Private) - HK$20k deductible |
|
HK$4,300 - 5,300
|
Bowtie Pink (Private) - HK$50k deductible |
|
>$5,300
|
Bowtie Pink (Private) - HK$80k deductible |
Finally decide on the best deductible option for you?
Buy Bowtie Pink Now!