Product Philosophy
Product Philosophy
High-End Med Insurance: $197/Month, Full Hospital & Surgery Coverage
Author
Bowtie Team
Updated on
2025-06-19
Disclaimer: This article is translated with the assistance of AI.
Medical insurance plans can be complex—wondering how much coverage is really enough? The Bowtie team simplifies it with 6 practical examples, helping you build the highest value med insurance combo for the lowest premiums and maximum protection!
Case 1: Already Have a Good Company Health Insurance
Comprehensive company group medical insurance typically provides sufficient coverage limits for hospitalization, examinations, and surgeries. Even if individual insurance has a high deductible, out-of-pocket expenses for sudden events will be minimal or even zero.
A company medical insurance combined with a Bowtie Pink (Ward) that has an HK$80,000 deductible can save on monthly premiums while significantly reducing unexpected out-of-pocket costs. For example, for a 30-year-old (regardless of gender or smoking status), the monthly premium is just HK$197, with an annual coverage of HK$8,000,000.
Additionally, most company group medical insurance plans also cover outpatient services, specialist consultations, traditional Chinese medicine, and even dental care, so you won’t have to worry about expenses for things like colds or minor injuries.
- Recommended Add-on: Bowtie Pink (Ward) – with HK$80,000 deductible
- Hospitalization Coverage: ⭐⭐⭐⭐⭐
- Cancer Coverage: ⭐⭐⭐⭐⭐
- Outpatient Coverage: ⭐⭐⭐⭐⭐
- Dental Coverage: ⭐⭐⭐⭐⭐
- Monthly Premium:
- Unexpected Out-of-Pocket Amount: $$$
Case 2: Already Have a Basic Company Medical Insurance
Basic company group medical insurance might include a “co-payment” for hospitalization costs, where the insurance company covers, say, 80% of the medical fees, and you pay the rest—but these expenses are still predictable.
By adding a premium medical insurance with a lower deductible, like a high-end medical insurance , you can better control unexpected expenses. In the worst case, if major surgery is needed, you’d only pay a few thousand dollars at most, while the insurance covers the rest—potentially hundreds of thousands or even millions.
For a 30-year-old (regardless of gender or smoking status), a Bowtie Pink (Ward) with a HK$20,000 or HK$50,000 deductible has monthly premiums of just HK$321 or HK$220, respectively, with annual coverage of HK$8,000,000. After purchasing, you’ll also get free membership to Bowtiego , where you can enjoy outpatient and traditional Chinese medicine services at up to half price, helping to fill the gaps in your basic company’s non-hospitalization coverage.
| Recommended Add-on | Bowtie Pink (Semi-Private) – HK$20,000 deductible |
Bowtie Pink (Ward) – HK$50,000 deductible |
| Hospitalization Coverage | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Outpatient Coverage | ⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
| Dental Coverage | ⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
| Monthly Premium | $$$ | $$ |
| Unexpected Out-of-Pocket Amount | $ (up to HK$20,000) | $$ (up to HK$50,000) |
Case 3: Preparing to Resign, Without Personal Health Insurance
Preparing to resign means you might lose your company health insurance in the short term. If you’re switching to a new full-time job, you could regain company medical coverage soon, so Bowtie recommends starting with a high-deductible health insurance plan, and then adjust the deductible* once you learn about your new company’s coverage level.
| Before Full-Time Job Switch | After Full-Time Job Switch | |
| Recommended Plan | Health insurance with HK$80,000 deductible | Health insurance with HK$20,000 to HK$80,000 deductible |
| Hospitalization Coverage | ⭐⭐⭐⭐⭐ | |
| Outpatient Coverage | Depends on company insurance | |
| Dental Coverage | Depends on company insurance | |
| Monthly Premium | $ – $$$ | |
| Out-of-Pocket Cost for Emergencies | $ – $$ | |
If you’re unfortunately facing unemployment and losing company health insurance, or transitioning to freelance work, that could mean your future income drops or becomes unstable. In the meantime, you can opt for a more affordable option like the Bowtie VHIS Standard . While it doesn’t cover every medical expense in full**, Bowtie’s VHIS Standard offers up to 70% reimbursement 1 , which significantly cuts down on unexpected medical costs. Plus, the monthly premium starts as low as HK$131, making it manageable for most people.
Once you secure a job, you can upgrade your VHIS Standard to a deductible-based premium health insurance for more comprehensive protection. Freelancers can switch from the Standard to a Bowtie VHIS Flexi or $0 deductible Bowtie Pink (Ward) by paying a bit more each month to enhance your existing coverage*.
| Unemployment / Transitioning to Freelance / Part-Time / Self-Employment | |||
| Recommended Plan | Standard Plan | Flexi Plan | Bowtie Pink (Ward) (HK$0 Deductible) |
| Hospitalization Coverage | ⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Outpatient Coverage | ⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
| Dental Coverage | ⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
| Monthly Premium | $ | $$ | $$$$ |
| Out-of-Pocket Cost for Emergencies | $ – $$$ | $ – $$ | – |
| Financial Situation | Suitable for those with more savings but unstable monthly income | Suitable for those with stable monthly income but less liquid funds | |
- * Policyholders may need to undergo re-underwriting and disclose your latest health status.
- ** Full compensation means there is no sub-limit for compensation items and applies only to specified coverage items. Compensation payable is subject to deductible balance (if applicable), annual limit, lifetime limit, and other restrictions including reasonable and customary charges, pre-existing conditions, designated hospitals in Mainland China, and related medical treatment in the US. For detailed product terms, conditions, product risks, and exclusions, please refer to the relevant product website and policy.
- 1 Based on Bowtie’s internal data from April 1, 2020, to March 31, 2021, for all Bowtie VHIS Standard claims cases, the average claim ratio after using BowtieCash reached 70%.
Case 4: Only 1 Basic Personal Medical Insurance / VHIS Standard
Basic personal medical insurance / VHIS Standard Plan plays its biggest role in minor surgeries, examinations, and similar items, but if you want to further reduce the sudden large medical expenses from serious illnesses (like heart disease, cancer, or severe accidents), consider adding a VHIS plan with a high deductible.
If you already have Bowtie VHIS Standard and want to add a HK$80,000 deductible VHIS (with a monthly premium of just HK$197*), you can get up to HK$8 million in annual coverage, with full compensation for hospitalization, examinations, surgeries, and more, while the remaining deductible expenses can be covered by the “Standard Plan.”
- Recommended insurance combination: Standard Plan + Bowtie Pink (Ward) (with HK$80,000 deductible)
- Hospitalization coverage: ⭐⭐⭐⭐⭐
- Cancer coverage: ⭐⭐⭐⭐⭐
- Outpatient coverage: ⭐⭐⭐⭐
- Dental coverage: ⭐⭐⭐⭐
- Monthly premium: $$
- Sudden out-of-pocket amount: $$
- * For example, for a 30-year-old person insuring with Bowtie VHIS – Bowtie Pink (Ward) and selecting a deductible of HK$80,000, the monthly standard premium.
Case 5: High-Coverage Personal Medical Insurance / VHIS Flexi
Bowtie VHIS Flexi Regular and Bowtie VHIS Standard plan’s biggest difference is that the former includes SMM. When the claim amount exceeds the limit for individual items, SMM can help reduce the policyholder’s out-of-pocket costs, making it really useful for more expensive treatment options.
Pairing it with a Bowtie Pink plan that has an HK$80,000 deductible not only gives you more comprehensive coverage but also helps cut down on deductible expenses.
- Recommended medical insurance combination: Bowtie VHIS Flexi Regular + Bowtie Pink (Ward) (with HK$80,000 deductible)
- Hospitalization coverage: ⭐⭐⭐⭐⭐
- Cancer coverage: ⭐⭐⭐⭐⭐
- Outpatient coverage: ⭐⭐⭐⭐
- Dental coverage: ⭐⭐⭐⭐
- Monthly premium: $$$
- Sudden out-of-pocket amount: $
Case 6: No Medical Insurance At All
If you have no medical coverage at all, even with a tight monthly budget, Bowtie still strongly recommends starting with at least one Bowtie VHIS Standard plan. The premium is as low as HK$131 per month, giving you up to HK$420,000 in annual coverage. If you have more liquid funds, you could go for a VHIS plan with a high deductible, helping to keep unexpected expenses capped at around HK$80,000.
| Recommended Plan | Bowtie VHIS Standard | Bowtie Pink (Ward) HK$80,000 Deductible |
| Hospitalization Coverage | ⭐⭐⭐ | ⭐⭐ ⭐⭐⭐ |
| Cancer Coverage | ⭐⭐ | ⭐⭐ ⭐⭐⭐ |
| Out-of-Pocket for Minor or Moderate Illnesses | $ (could be as low as $0) | $$ (up to HK$ 80,000) |
| Out-of-Pocket for Serious Illnesses | $$$ | $$ (up to HK $80,000) |
| Monthly Premium | $ | $ |
If your monthly budget is more flexible but your liquid funds are limited, and you want to significantly cut down on unexpected medical costs, Bowtie VHIS Flexi plan or Bowtie Pink (with HK$0 deductible) could be a smart choice.
For instance, with the Bowtie VHIS Flexi plan, take a 30-year-old non-smoking man as an example – you only need HK$236 per month for up to HK$600,000 in annual coverage. Even for serious illnesses, it can be shared by supplementary major medical coverage (SMM) , and there’s no deductible.
If your budget is really generous, paying just HK$644 per month gets you up to HK$8,000,000 in annual coverage, with full reimbursement for all medical items in the policy**. Plus, with no deductible, you’re likely to walk out of the hospital without spending a single Hong Kong dollar, whether it’s a minor or serious condition.
| Recommended Plan | Bowtie VHIS Flexi | Bowtie Pink (Ward) (HK$0 Deductible) |
| Hospitalization Coverage | ⭐⭐⭐⭐ | ⭐⭐ ⭐⭐⭐ |
| Cancer Coverage | ⭐⭐⭐ | ⭐⭐ ⭐⭐⭐ |
| Out-of-Pocket for Minor or Moderate Illnesses | $ (could be as low as $0) | – |
| Out-of-Pocket for Serious Illnesses | $$ | – |
| Monthly Premium | $$ | $$$$ |
- * Full compensation means there is no sub-item compensation limit and it only applies to specified coverage items. The compensation payable is subject to the deductible balance (if applicable), annual coverage limit, lifetime coverage limit, and other restrictions including reasonable and customary charges, pre-existing conditions, the list of designated hospitals in Mainland China, and matters related to medical treatment in the US. For detailed product terms and conditions, product risks, and exclusions, please refer to the relevant product website and policy.
- Any content in this article related to Bowtie products is for reference and educational purposes only. Customers should refer to the detailed terms and conditions on the relevant product web pages.
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