How can Bowtie Group Insurance help protect a small to medium-sized (SME) enterprise?

The owner of a company protected by the Pro Silver plan suddenly developed rectal bleeding and was diagnosed with hemorrhoids to be removed. Since the hemorrhoid removal surgery is an intermediate surgery, the cost ranges from $26,428 to $50,375 in private hospitals and from $19,350 to $30,450 in public hospitals. The owner finally chose to go to a private hospital for treatment and was hospitalized for 1 day after the surgery. He thus had to pay a total of $50,4461 including miscellaneous expenses on the day he was discharged.

Under the terms of the Pro Silver plan, Bowtie can pay up to 80% of eligible medical expenses, which means that the resulting deductible for this case was only about $10,000.

After being discharged from the hospital, the owner submitted a claim via cell phone, and the claim was approved on the same day. The payment was processed within 2 working days.

The sales manager of a company protected by the Pro Silver plan went hiking on Sunday and felt a pain in his knee afterwards. He first thought that it was only caused by a sprain and treated himself with pain relieving rub. The next day, however, the pain grew stronger and he decided to seek medical advice. The doctor confirmed after an MRI scan that the meniscus was torn and a surgery was required. The manager was hospitalized for 2 days and the total cost of the surgery and hospitalization was $61,1472.

Under the terms of the Pro Silver plan, Bowtie can pay up to 80% of eligible medical expenses with a limit of $50,000 per year. As a result, the deductible for the total surgical and hospitalization expenses of approximately $60,000 turned out to be only $12,230.

The attending doctor advised that he should receive physiotherapy after discharge from the hospital. The physiotherapist concluded that it would take at least two months or more for him to fully recover and thus recommended the patient to receive regular physiotherapy and rehabilitation training.

Since physiotherapy is also covered under the Pro Silver plan, this manager is free to choose the physiotherapist of his choice for treatment up to $600 per visit ($30 deductible). In the end, he had chosen a physiotherapist recommended by a friend and now paid only $30 deductible for each treatment session of $460, which means a savings of over 90%.

The project specialist of a company protected by the Pro Silver plan suffered from persistent stomach ache for 6 months. After visiting the general practitioner, he was referred to a specialist for gastroscopy. Upper abdominal pain is one of the common symptoms of stomach cancer. The doctors usually suggest patients to undergo a gastroscopy for further examination if such symptom occurs. For minor surgeries like gastroscopy, private hospitals in Hong Kong charge from $4,300 to $8,300 and the patient opted for the $8,300 package in the end. Bowtie Insurance plan covered 80% of the cost of this examination, paying over $6,600 for him. 

Moreover, under the Basic Silver plan, the insured can use the member-exclusive price of BowtieGo medical network to pay for consultation. The patient can get access to the consultations of family doctor and specialist at up to half the cost. From the first consultation to the gastroscopy, Bowtie provides excellent coverage at every step of the journey.

The marketing specialist of a company protected by the Pro Bronze plan went to a dental clinic for scaling. Since most company health insurance policies do not cover dental care expenses, one usually needs to purchase additional coverage if one wants to have a dental checkup or cleaning. In this regard, the coverage of Bowtie is way more comprehensive. Under all Pro plans, all dental checkups, cleanings, and other dental treatments are also covered, with only a deductible of $30 for a visit up to $500.

The cost of a dental scaling in the market ranges from $400 to $1,000, but this marketing specialist ended up paying a $30 deductible, which is a savings of over 90% compared to the $400 commonly paid in the market.

This marketing specialist is also very dedicated to his health and regularly consults a Chinese medicine practitioner for health care. Under Pro Bronze, the benefit amount for each Chinese medicine visit is $270 ($30 deductible). The consultation fee of the Chinese medicine practitioner whom he knows well, together with costs for prescribed Chinese medicines for two days, is exactly $270. So he has to only pay $30 deductible for each visit. With a limit of 30 visits for clinic consultation and dental treatment per year, the 2 visits to the Chinese medicine practitioner per month are well covered.