YOUR MEDICAL INSURANCE GUIDE
IN HO CHI MINH CITY 🇻🇳 SINCE 2008
SAIGON INSPIRATION HEALTH MEDICAL INSURANCES
SAIGON INSPIRATION HEALTH MEDICAL INSURANCES WHAT HEALTH CARE INSURANCE IN SAIGON COVERS COVID-19
The COVID-19 coronavirus, officially termed a global pandemic, has literally spun the world into lockdown. It is so important to play our part and STAY HOME. Protect ourselves, protect our family and friends, and protect our beautiful community.
Read our article: MEDICAL ADVICE ON HOW TO PREVENT COVID-19 for some essential information and guidance on how to safeguard ourselves against the COVID-19 virus.
Just as importantly, we need to remember to ask ourselves … “If I test positive for COVID-19 coronavirus, does my current health insurance policy cover all costs?”
Below we’ve listed some health insurance options currently available to foreigners residing in Vietnam, in particular, policies that cover COVID-19 coronavirus treatments. If you’re aware of any other health insurance services that cover COVID-19 please do let us know so that we may update this list and continue to keep our community well informed.
STAY HOME. STAY SAFE. STAY HEALTHY.
SAIGON HANOI BANK (SHB) – NcoV Shield
– Eligible to all Vietnamese and foreign residents living, studying, working in Vietnam.
– No age restrictions.
– Payment for inpatient treatment of viral pneumonia of the Corona strain.
– Daily allowance of VND 100,000 per day during treatment.
– Benefit paid In the unfortunate case of death: VND 100 million.
– For more information CLICK HERE.
MILITARY INSURANCE (MIC) – Corona Guard
Military Insurance (MIC) has launched CORONA GUARD with the desire to join hands to protect public health. CORONA GUARD actively extends its application to include infants from 1 day old, to 70 year old adults, and all foreign citizens living and working in Vietnam. MIC’s CORONA GUARD is designed to be flexible with 3 packages of insurance at each participating level so customers can actively choose. For more information CLICK HERE.
– VND 29,000 / 3 months.
– Benefit paid in the unfortunate case of death: VND 50 million.
– Hospitalization (isolation/quarantine): VND 1,500,000 / 30 days (VND 50,000 per day x number of days lying).
– VND 59,000 / 3 months.
– Benefit paid in the unfortunate case of death: VND 100 million.
– Hospitalization (isolation/quarantine): VND 4,500,000 / 30 days (VND 150,000 per day x number of days lying).
– VND 119,000 / 3 months.
– Benefit paid in the unfortunate case of death: VND 200 million.
– Hospitalization (isolation/quarantine): VND 7,500,000 / 30 days (VND 250,000 per day x number of days lying).
– PLEASE NOTE: This policy is applicable ONLY to existing Prudential Vietnam health insurance policy holders. The program applies to individual customers who are the Policyholder and the Insured of both main and supplementary products of the Insurance Contract issued by Prudential and valid for the duration of the program.
– This is a special program for unfortunate customers who are infected with the 2019-nCoV virus from February 6, 2020 to April 30, 2020.
– The program offers cash assistance that corresponds to the severity level based on the number of days a client is on hospital isolation.
– With the duration of isolation / hospitalization for 3 to 9 days, the support value is VND 10 million / customer.
– With the duration of isolation / hospitalization for 10 days or more, the value of the support cash assistance of VND 20 million / customer.
– For more information CLICK HERE.
BAO VIET INSURANCE
– PLEASE NOTE: This policy is applicable ONLY to existing Bao Viet Life Insurance policy holders.
– Cash support offered to existing Bao Viet Life Insurance holders who are required to be tested / treated for COVID-19 infection.
– For more information CLICK HERE.
SAIGON INSPIRATION HEALTH MEDICAL INSURANCES HEALTH INSURANCE IN VIETNAM: AN EXPERT’S PERSPECTIVE
Gary hails from Nova Scotia, Canada and spent 27 years with Manulife before moving to Vietnam 14 years ago.
He has been in the health insurance business here with Pacific Cross for 12 years. He wanted to bring international standards of healthcare to Vietnamese people and with about 80% Vietnamese to only 20% expatriate clients, he is achieving his goals. We sat down in Pacific Cross’ District 1 headquarters to discuss the ins and outs of health insurance. I was instantly struck by his professionalism and dedication to the people of Vietnam, whom he holds in high regard.
What is your opinion of Vietnamese health insurance providers? Are they reliable only for locals, or expats as well?
I think they are all fine. The insurance companies offer proper products and are providing a service to local people. But of course you get what you pay for, if someone is on a limited budget they are likely only getting a limited service.
Are there specific types of medical problems that health insurance in Vietnam has difficulty covering?
No, the service has come a long way. I have been here a long time and have seen lots of changes for the better. The companies understand the needs of their clients and cover all eventualities.
What rights do people have in Vietnam in regards to health insurance? What are the procedures in making a claim against a decision they think unfair?
They have all the same rights as international clients abroad. In the event of a disagreement, they would go to the insurance company first. If they are unsatisfied they can then go to the Ministry of Finance and then the Association of Vietnamese Insurers. Then there is the Vietnamese Arbitration Board and finally if all else fails, the courts. Of course, you have to have patience, things take time here, but if they work it through they will get a fair hearing. Sometimes people think they have a grievance when in reality they don’t; this gives rise to stories of unfair treatment.
Is health insurance taken through one’s employer the most affordable and safest option?
Employers’ policies are normally more affordable, but of course they, and not the end user, are in charge of things. Individual policies don’t get the same discounts but you can tailor your policy to truly suit your lifestyle and of course, it’s portable.
What are the difficulties faced by international travellers with health insurance from their home country if something happens to them in Vietnam?
International policies are written and managed under the rules of that country. If you come to Vietnam and have a claim you need to get all the information about your claim before you return home. Contact the hospital and any local agencies and get everything. Customers will have to pay first and claim later. For large claims however, the hospital will call your insurance company to check the details of your cover.
What are the biggest obstacles in the way of better health insurance in Vietnam?
I don’t think there are any obstacles at all, but people have a misguided idea on the level of charges. People need to understand that insurance costs. They need to match the budget to their requirements. Age of course is a factor, the older you get the more the premiums go up. In my view insurance is for catastrophes, the big things in life. Why claim on an insurance policy for a small treatment, it will only affect future policies.
Is health insurance widely advertised in Vietnam?
Not really, it is getting more popular among employers, but there are not many streams of distribution here. There are not many agents out in the field.
What is the government’s stance with regard to health insurance?
The government wants everyone to be taking out insurance, they promote it and they want it regulated and are active in that sense. They want consistent administration of the medical policies.
How does the cost of health insurance for expats compare with the equivalent in Western countries?
People think it’s expensive but one year’s cover here costs about the same as one month’s equivalent cover in the United States. It could be even cheaper but certain medical facilities are known to hike the price if an insurance company is involved.