Good Neighbor Insurance provides overseas health insurance plans that cover those who are Taiwanese citizens and non-Taiwanese citizens. Their plans cover all medical costs including maternity–if one wants to add that benefit to their policy. Check out https://www.gninsurance.com/long-term-international-health-insurance/ for more information.
Taiwan’s healthcare system is financed through the National Health Insurance (NHI) system, funded by contributions from the government, employers, employees, and residents. Participation in NHI is compulsory for all employees, for citizens and residents with at least 4 months of residence in Taiwan, and for the dependents of these employees, citizens, and residents.
Taiwan’s national health care costs are paid for by employer (60%), employee (30%), and government (10%). As of April 1, 2010, the total health insurance contribution will increase from a 4.55% to 5.17% split by the percentages as shown above by the three groups. The government will be subsidizing the increased cost for employees who earn less than TWD 53,000 a year. Employees earning between TWD 41,000 to TWD 53,000 annually will receive a 20% help from the government; for those earning under TWD 41,000 annually, the government will pay the total amount of the increase.
NHI covers all employees and their dependents because participation is compulsory.
NHI will only cover expenses incurred from doctors and medical facilities under an Bureau of National Health Insurance (BNHI) contract. Coverage includes but is not limited to hospitalization, outpatient, Chinese medicine, dental, childbirth, physical therapy, home care, treatment such as hemodialysis (kidney failure procedure) for serious illness, emergency care, psychiatric care, and preventive care. Co‐payments and outpatient user fees apply. For all inpatient and most outpatient care, co‐payments are 10% for stays under 30 days (capped at TWD 26,000 for each stay and TWD 43,000 for the year), 20% for stays longer than 30 days, and 30% for stays longer than 60 days. Co‐payments for prescription drugs range from TWD 20 to TWD 200, based on drug cost. Outpatient user fees range from TWD 50 to TWD 450, based on the type of care (outpatient, emergency, traditional medicine, or dental) and the type of facility (teaching hospital, regional hospital, district hospital, or clinic).
Supplemental group health plans are commonly provided to supplement the NHI plan. The level of employer-sponsored benefits usually depends upon the classification of an employee’s position, with some plans offering the same benefit to all employees. Employee coverage is usually non‐contributory, and dependent coverage is usually contributory. A typical plan would include inpatient benefits and cancer benefits. Few employers provide outpatient coverage for employees because NHI already includes this benefit.
Doug Gulleson loves to scuba dive overseas. He makes sure he always takes his credit card AND international travel insurance policy. Visit Good Neighbor Insurance at http://www.overseashealthinsurance.com/short-term.asp for your next overseas trip and get a FREE quote.