Key Features of Morgan Price Plans

Morgan Price’s plans are designed to accommodate varying needs and budgets, from regional coverage to comprehensive global protection.

• Plan Options: Offers two distinct plan tiers:
  • Evolution Plans: Provide worldwide coverage and high annual limits (up to $2,000,000).
  • Flexible Choices Plans: Designed for the Southeast Asia region, with a more modest annual cap ($500,000).
• Broad Eligibility: Available to both expats and local citizens up to age 74 (for Evolution Plans; Flexible Choices is limited to under age 55).
• Worldwide Coverage Options: The Evolution plans allow policyholders to choose coverage areas, including Worldwide (excluding USA, China, Hong Kong, and Singapore) and full Worldwide. Flexible Choices includes a dedicated Southeast Asia region option.
• Family Discounts: Attractive discounts are available when insuring multiple family members, ranging from 5% for two members up to 15% for four or more members.
• Community Rating: Premium increases are managed on a community rating basis, meaning renewal rates are based on the collective claims experience of the entire plan pool, which generally ensures more reasonable and guaranteed renewal terms compared to individual-experience ratings.

Does Morgan Price International Insurance cover pre-existing medical conditions?

Pre-existing conditions are generally assessed via underwriting. Morgan Price Evolution offers both Full Medical Underwriting (FMU) and Moratorium policies.

• For FMU, conditions are assessed and may result in exclusions, a fee/loading, or occasionally denial, especially for chronic conditions.
• Moratorium policies exclude non-chronic conditions for a specific period (typically 2 years), after which they may be eligible for coverage.
• For employer groups of 10 or more people, you may qualify for a policy that disregards medical history (MHD), offering the most comprehensive coverage for pre-existing conditions.

Will my Morgan Price Health Insurance premiums increase over time, and what factors influence the renewal cost?

Yes, premiums are subject to annual review and potential increases. Morgan Price uses a Community Rating system, which means premium adjustments are based on two main factors:

1. Medical Inflation: The rising global cost of medical treatment.
2. Community Claims Experience: The overall claims history of all members in the plan pool. Your age is also a significant factor, as premiums tend to increase as you enter higher age bands (often in 5-year intervals).

Does Morgan Price Health Insurance offer group policies for businesses?

Yes, Morgan Price offers group health insurance plans for employers.

Companies can establish plans with as few as 1 employee (under Full Medical Underwriting).

To benefit from the simplification of underwriting and guaranteed coverage of pre-existing conditions, a group size of 10 or more employees is required to qualify for Medical History Disregarded (MHD).

How does Morgan Price handle payments and claims?

Morgan Price utilizes a Guarantee of Payment (GOP) system, especially for inpatient care and major procedures. This means they confirm payment directly with the hospital or clinic, so the customer typically does not have to pay upfront. For smaller outpatient treatments, you may pay and then claim reimbursement, with the process managed effectively by their administration.

How Much Does Morgan Price International Health Insurance Cost? How to Control Your Price

Morgan Price is often highlighted in the industry for offering some of the more cost-effective and competitively priced options among international health insurers, particularly for younger individuals and regional plans like Flexible Choices Asia.

While a personalized quote is essential, Morgan Price offers significant flexibility in plan design that allows customers to actively manage and reduce their annual premiums:

A. Utilizing Deductibles and Co-Insurance

By taking on a small portion of the risk (known as “cost-sharing”), you can achieve significant savings on your total annual premium.

B. Payment Intervals

You can reduce your overall cost by opting to pay your premium less frequently:

Note: The most cost-effective approach is always to pay the premium annually.

C. Example Premium Indicator

While exact costs vary, certain data points provide an idea of the entry cost for the Evolution plan:

• Evolution Standard (Maximum Coverage $500,000): Rates can start from approximately US$181.68 / month (for a plan with a US$1,000 deductible).
• Evolution Elite (Maximum Coverage $2,000,000): Premiums for the highest tier, with a high annual limit and no deductible, can start from around US$322.44 / month.

D. The Flexible Choices Asia Plan

For individuals living in Southeast Asia, the Flexible Choices Asia plan is designed to be highly cost-effective, offering moderate coverage (typically up to $500,000) with various modular options (outpatient, dental, maternity) that allow you to customize the benefits to your budget.

Final Verdict & How to Get Started

Morgan Price is an established international provider that excels in offering flexible, tiered health plans tailored specifically for the expat market. Their deep roots in key expat hubs like London, Dubai, and Bangkok, combined with their strong family discounts and direct GOP system, make them a reliable choice for global citizens

Tenzing Pacific Services can help you compare Morgan Price insurance with other providers so you can find the best suited plan. Our experts provide independent advice, ensuring you get meaningful choices and the coverage that meets your unique needs.

Fill the form or contact us today to get started.