1. In the United States, national health care
expenditure is around USD 8,500 per year for every
person. Only the poorest and those aged over 65 are
entitled to the social insurance system. About 150 million
people have health insurance through their
employer-sponsored plans with over 75% of employers
choosing self-insurance plans. There are around 25
million people who buy private health insurance with a
very expensive premium close to 20% of yearly income.
The average health insurance plan for an individual under
30 is around $5,280 per year. These plan often include
large co-payments and deductibles as well.
In the United Kingdom, all of the citizens have
public health insurance (The NHS). The government has
used taxes instead of health insurance premium to cover
the costs of medical services for their people. A
disadvantage of this system is that the time you have to
wait for visiting a specialist can be quite long. People from
the UK are familiar with visiting a hospital without money
and only 3% of the population has private health
insurance. A basic family premium for two adults in their
30s and two children under 10 can vary from $4,000 USD
to $10,000 USD per year.
In Germany, most people buy health insurance from
over 200 Krankenkassen. These are non-profit
organizations and have responsibility for payment of all
medical services from hospitals and doctors. Only 7% of
the population chooses private health insurance instead
of Krankenkassen. The standard premium for an adult
aged 30 is around $2100 per year.
What is the cost of Health Insurance
in your country?
Figuring out the specific cost and more importantly value of health insurance is confusing.
Health insurance providers offer very different benefits in different countries and many
countries have a national healthcare program too. Moreover, private health insurance can be very
cheap or very expensive depending on the policy, the benefits and the company you choose.
How about health insurance in Vietnam?
Vietnam has a stretched national healthcare system.
Children under 6 and seniors over age 80 have free public
health insurance. Employees and employers pay for the
public health insurance based on their salary – employees
pay 8% and their employer pays 18% of monthly salary
and the health insurance is not available when they are
jobless.
There are also health insurance companies, some are state
owned enterprises and others are privately owned.
Depending on the benefit level, area of cover (Vietnam
only or coverage for treatment outside Vietnam too) and
the reliability of the company you choose, the premium
can vary from $250 to $1,000 for someone in their 30’s.
The cost of insurance is around 50% of the costs you
would pay in Europe and under 25% of what you would
pay in the USA.
How about the cost of health insurance in your country?
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For consultation on health insurance in Vietnam talk with
one of our experts at:
Toll free: 1800 577 770
inquiry@pacificcross.com.vn
PACIFIC CROSS VIETNAM
4th
Floor Continental Tower | 81-85 Ham Nghi Street | Nguyen Thai Binh Ward | District 1 | HCMC
Tel: (+84 8) 3821 9908 | Fax: (+84 8) 3821 9847 | Email: inquiry@pacificcross.com.vn | Website: www.pacificcross.com.vn