Setting up a network of medical providers is a popular cost containment method utilized by insurers in most countries. As there's only a limited number of hospitals in Hong Kong, this method of battling increasing costs is rendered ineffective.
As medical insurance costs continue to inflate in Hong Kong, individuals and businesses alike are finding ways to reduce their premiums by introducing co-pays or lowering benefit levels.
There was a noticeable increase in the number of groups cutting maternity benefits, as 2018 saw another year of particularly high maternity insurance premium hikes.
More businesses in Hong Kong are making an effort to include mental health coverage in their employee benefits and wellness solutions.