Evolution plans offer worldwide coverage

Morgan Price
Health Insurance

Summary

Morgan Price Health Insurance

Morgan Price insurance is a British health insurance provider with offices in London, Dubai and Bangkok. It specializes in health insurance for globally mobile expats, but also covers local citizens.

Morgan Price Insurance
Morgan Price Health Insurance

Key Features

Available to expats and locals up to age 74
Worldwide coverage
Pre-existing conditions generally excluded but coverage for some may be available for a fee
COVID inpatient treatment covered
Community rating means any annual premium increases will be reasonable and renewal is guaranteed
Direct billing at most big expat hospitals for inpatient stays means you don’t need to pay upfront
Bank transfers and credit card payments available
Employer group plans available with significant discounts
Popular

Direct Billing Partners

Sample Pricing for a 35-year old

Standard

$ 148 Monthly
  • $500,000 Limit
  • Inpatient + Evacuation
  • Outpatient
  • Annual Checkup
  • Maternity
  • Routine Dental

Standard Plus

$ 181 Monthly
  • $750,000 Limit
  • Inpatient + Evacuation
  • $2,500 Outpatient
  • $100 Annual Checkup
  • Maternity
  • Routine Dental
Popular

Comprehensive

$ 297 Monthly
  • $1,000,000 Limit
  • Inpatient + Evacuation
  • $5,000 Outpatient
  • $200 Annual Checkup
  • $1,500 Routine Dental
  • $2,500 Maternity

Premium

$ 394 Monthly
  • $1,500,000 Limit
  • Inpatient + Evacuation
  • $10,000 Outpatient
  • $500 Annual Checkup
  • $7,500 Maternity
  • $2,000 Routine Dental

Similar Providers

Personal Discounts

$250 deductible
10%
$1,000 deductible
20%
$2,500 deductible
30%
$5,000 deductible
40%
From $30/month

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    Morgan Price Health Insurance

    Frequency Asked Questions

    The Morgan Price Evolution plans are available to expats and locals up to age 74.

    Morgan Price Evolution offers excellent value plans for those seeking worldwide coverage.

    All private insurance plans will cover you for illnesses and injuries that require overnight hospitalization for treatment (inpatient cover). Most also offer optional coverage for routine outpatient, maternity or dental expenses.

    The types of inpatient expenses covered are fairly standard across the industry, including room and board, surgeries and treatment, hospitalization, emergency evacuation. There is more variability among the optional coverages; typically, greater benefits will trigger higher premiums.

    Policies are managed on an annual basis: you pay premiums for a year of coverage and the insurer pays for your eligible expenses up to an annual limit.

    Morgan Price Evolution has a broad range of benefit levels.

    • Inpatient only limits: $500,000 to $2,000,000
    • Outpatient limits: $2,500 to Inpatient limit
    • Maternity limits: $2,500 to Inpatient limit
    • Dental limits: $750 to $1,500

    Morgan Price Evolution plans offer 3 coverage areas:

    • Worldwide, excluding USA, China, Hong Kong and Singapore
    • Worldwide, excluding USA
    • Worldwide

    Outside the coverage area, you are covered for unforeseen emergencies and illnesses up to $25,000, so long as your trip so long as your trip away from your residence country doesn’t exceed 30 days.

    It’s important to understand that private health insurance is a for-profit business. People with pre-existing medical conditions represent a risk to profitability, since they are far more likely to make claims than people who are entirely healthy, which affects the bottom line. Insurers manage this risk in a number of ways.

    Most insurers use medical underwriting to assess a potential customer’s risk based on medical history. Then they decide whether to:

    • Exclude certain conditions from the coverage of a policy.
    • Impose a fee for covering specific conditions (called loading).
    • Cover certain conditions despite the risk, or offer to reassess a condition at a later date.

    Some insurers offer a moratorium policy: people with conditions that aren’t chronic (persistent, recurring, incurable) can take advantage of this special type of policy, which excludes non-chronic conditions from coverage for typically 2 years before covering them.

    Employer groups of certain sizes can qualify for a policy that disregards participants’ medical history. This is the only way to cover certain conditions.

    Morgan Price Evolution offers both full medical underwriting and moratorium policies. Applicants with significant pre-existing conditions, particularly chronic conditions, are sometimes denied coverage. Milder conditions are often accepted with loading.

    Morgan Price, like all legitimate international insurers, will cover COVID-19 treatment, subject to the policy rules. This means that inpatient treatment (typically at least an overnight stay) is covered up to the policy’s annual limits. However, if you don’t have outpatient coverage, any outpatient treatment will not be covered.

    COVID-19 testing and vaccinations may be covered under outpatient health check or vaccination coverage.

    Generally, COVID-19 quarantine expenses are not covered by any health insurance policy.

    Tenzing can assist in obtaining a certificate that shows your COVID coverage, for travel or other purposes.

    Your insurance is managed on an annual basis. Like most products, health insurance is subject to price changes, usually in the form of premium increases based on a number of factors.

    Since this is a for-profit business, changes are based in part on past-year performance (generally premiums minus claims plus overhead) and medical inflation.

    All of Tenzing’s international health insurance offerings operate on what is called a community rating basis, which takes into account all the covered individuals in a geographic insurance plan — if the plan did well, premium increases will be low, and vice versa. Any premium or benefit changes apply to everyone in the plan.

    Some insurers use an experience rating approach, which looks at whether each individual’s premiums exceeded their claims and makes adjustments accordingly. This approach can result in wildly differing changes.

    Your age is also a significant factor in determining your premium — as you grow older, your health generally declines and your risk increases. So annual premium changes also reflect your age. The increase can be larger if the insurer uses age bands: imposing a larger increase at 5-year intervals rather than a smaller increase each year.

    Morgan Price has relationships with many international hospitals and clinics around the world. It generally prefers to arrange a Guarantee of Payment (GOP) for each visit, rather than a setting up a traditional direct billing arrangement. The result is the same in most instances — payment for your treatment will be managed between the insurer and the hospital or clinic so that you don’t need to pay directly.

    Both inpatient and outpatient services can be handled with a GOP.

    All of Tenzing’s international health plans operate on an annual basis, but some do allow you to make periodic payments rather than all at once.

    For Morgan Price, the following fees will apply.

    • Monthly: 8%
    • Quarterly: 5%
    • Semi-annually: 4%

    Morgan Price Evolution offers group health insurance plans that allow employers to provide peace of mind to valued employees.

    There are generally two types of employer plans:

    • Full medical underwriting (FMU) requires covered individuals to provide medical history, which the insurer uses to assess risk and assign premiums.
    • Employer groups that are sufficiently large can qualify for a policy that disregards participants’ medical history (MHD). This is the only way to cover certain conditions.

    Morgan Price allows employers to establish plans with as few as 1 employee for FMU, 10 for MHD.

    Documents

    Patrik Shore Tenzing Pacific Services

    Patrik Shore

    Senior Advisor
    From Sweden & New Zealand
    7 years' insurance experience
    Joined Tenzing in 2019
    Crim Science
    Speaks English and Swedish

    Speciality:
    - Savings Plans
    - Health Insurance
    - Life Insurance