International health insurance provider Now Health International today announce the details of the semi-annual product and price review. The premium changes for both individuals and groups commence on 1 February, and Plan and Benefit changes will take effect from March 2015*.
Premium changes from 1 February
For business written in our European and Global regions including USA elective treatment (Areas 16, 15, 13, 11, 9, 7, 5, 3, and 1) the increase is 5%**.
For business written in our Gulf region (Area 12) the increase is 12%**.
For business written in our Asia Pacific region (Areas 14, 10, 8, 6, 4 and 2) the increase is 9.5%**.
Plan and Benefit changes from 1 March
From March we will be:
- Enhancing the out-patient additional option on WorldCare Essential to include the routine maintenance of chronic conditions, subject to a 50% loading.
- The alternative therapies benefit will be extended to include ayurvedic treatment.
Martin Garcia, CEO commented, “Whilst we make every effort to keep premiums as low as possible, this rate review is in response to the high medical costs and utilisation we experience within our core markets. We have though also enhanced several of our benefits from our existing portfolio of products.” Continues Martin, “New premium tables are now available as PDFs and via our website to obtain the latest quotes”.
For more information, please click on one of the three contact buttons at the top of the page.
*This product and price review does not affect the China Minan product or the Tenet Sompo Singapore product.
**The premium increase will be on or around this percentage. There may be a very small variance up or down depending on the region, age band, excess or payment frequency.