Morgan Price Insurance For Expats In Thailand
Morgan Price provides budget-friendly international medical insurance for expats in Thailand with attractive premium rates and benefits. Policyholders can benefit from accessing every medical facility anywhere in the world with their solid, global network of healthcare providers.
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In this Pacific Prime article, we’ll introduce you to our partner Morgan Price with regard to its background, value, and services. Then we’ll walk you through why you should choose their International Individual Private Medical Insurance and how our services can help you with the selection process.
Thailand is full of places for you to stay regardless of your lifestyle. That said, it is of utmost importance for you to keep yourself safe in a foreign country. Securing health insurance from top insurance companies in Thailand is advantageous and can’t be made easier with this free quote.
Morgan Price As An Expat Insurance Provider In Thailand
Established in the UK in 1999, Morgan Price provides straightforward and competitive healthcare packages. For over 20 years, they have been in the unique position of a managing general agent, and acting on behalf of Aria Insurance from product design to claims handling.
The company was awarded the best International Individual Private Medical Insurance (PMI), pushing its expansion to countries around the world such as Dubai, South Africa, Kenya, and Thailand. The wide global medical network of Morgan Price also allows easy access to quality care.
Morgan Price’s Products
The signature product of the company is Flexible Choices Asia. The plan is designed for all people, globally mobile expats in particular. Their products offer good premium value, making them a cost-effective choice for expats.
The company also offers corporate plans to businesses that need to ensure employee safety. The plan requires a minimum of 3 employees, covering in-patient, cancer, and medical evacuation at basics. Budget control can also be achieved through modular options. Contact us for more information.
Morgan Price’s Commitment
Morgan Price believes that professionalism in the insurance field and the outstanding customer service of their staff are the keys to rapid global recognition and development. Establishing trustworthiness and strong connections with customers has proven sustainable for their long-term development.
| Morgan Price’s Promise
Our clients are central to everything that we do and as such we are committed to treating customers in a fair, honest, and transparent manner. |
The company’s work and client servicing revolves around the following three objectives:
- Fairness: The price of the insurance policy is considered fair only when customers bearing the same level of risk are charged the same price. They also process and valid claims in a timely manner, and will not decline claims on an unfair technicality.
- Honesty: The company expertly designs insurance products that fulfill the needs of clients and then charges at a regulated price. They are also very efficient when it comes to updating their products and services, fixing them if not meeting a client’s expectation.
- Transparency: The company aims to give as much information as possible by public disclosure of plan policies. In the post-purchase aftermath, they provide clear documentation and communications to clients so that they know what was bought and how to use it.
Morgan Price’s dedication to perfecting their products and services is why they are one of the best International IPMI providers in the world. Focusing on one single aspect of insurance makes them thoroughly understand clients’ demands and concerns, and respond to them product-wise accordingly.
Overview Of Morgan Price Plans
The major plans that Morgan Price provides are the Flexible Choices Asia and the Evolution Health Plan. Both provide comprehensive health coverage for expats in Thailand, with Flexible Choices Asia having the extra perk of having optional modules for more flexible premiums.
Flexible Choices Asia
The Flexible Choices Asia is designed to give you and your family a comprehensive health insurance plan, with the ability to pick and choose the benefits that you want. The plan offers a great deal of flexibility with a moderate amount of coverage (USD $250,000/ 500,000) at a good price.
Core Benefits
| In-patient and day-patient benefits | |
| In-patient treatment | Full Refund |
| Day-patient treatment | Full Refund |
| Out-patient hospital charges | Full Refund |
| Organ Implantation | USD $250,000 |
| Rehabilitation | 30 days |
| Accommodation to stay with child | Full Refund |
| Emergency Dental treatment | Full Refnud |
| Chronic Conditions | |
| Acute treatment of a chronic medical condition | USD $100,000 |
| Routine management and palliative treatment for each chronic medical condition | USD $25,000 |
| Kidney Dialysis | USD $10,000 |
| HIV and AIDS treatment | USD $5,000 each insured period (up to a USD $37,500 lifetime limit) |
| Cancer care | |
| Cancer treatment | Full Refund |
| Emergency Evacuation and Repatriation | |
| Emergency medical transfer | Full Refund |
| Overnight accommodation | USD $200 (maximum 10 nights per event) |
| Transportation of children | Full Refund |
| Transportation of Mortal Remains | |
| Transportation of mortal remains | USD $3,000 |
| Out of Area Treatment Benefits | |
| Emergency out of area treatment | USD $100,000 (up to 30 days travel only) |
| Accident Death Benefits | |
| Accidental death | USD $100,000 |
Optional Modules
There are a few optional modules that can be added to the core benefits: out-patient, dental, maternity, and enhanced network modules. The modules act as top-ups in addition to the core benefits to provide wider coverage.
Out-patient Modules
The outpatient module takes care of your everyday treatment. It has two sub-modules: module 1 and module 2. The only difference between the two is that the former has an annual limit of USD $2,500, while the latter has an annual limit of USD $6,000 per person.
The areas of coverage are as follows.
- Out-patient services (scans and minor treatments)
- Physiotherapy
- Prescription drugs
- Mobility aids
- Alternative therapies (chiropractic, acupuncture, and more)
- Child vaccination
- Full wellness check
- Cancer screenings
Dental Module (6 to 9-month waiting period)
Dental coverage of USD $500 is also provided.
- Routine dental treatment
- Routine examinations
- Cleaning and polishing
- Filling
- Extractions
- And more
- Major dental treatment
- Root canal treatment
- New porcelain crown
- New inlay/ bridgework
- Repairs
Maternity Module (12-month waiting period)
Pre-authorization is required to claim for maternity benefits. From the costs of treatment for all pre-natal care, delivery costs, and hospital accommodation to post-natal baby cover and pediatric benefits.
- Routine pregnancy and childbirth
- Complications
- Premature baby cover
- Paediatric benefit
Enhanced Network Module
This module allows access to more state-of-the-art medical facilities across the Asia Pacific Region. The selection of this module will waive the 25% co-insurance in Bumrungrand International Hospital, First Western Hospital, and Bangkok Pattaya Hospital in Thailand.
It will also waive co-insurance in hospitals in these locations:
- Hong Kong
- Philippines
- India
- Indonesia
- Singapore
Eligibility of Flexible Choices Asia
Age
The maximum age of entry for the policy is 55 for both Full Medical Underwriting (FMU) basis and on a Moratorium basis. Applicants who have enrolled in the policy are not subjected to a maximum renewable age.
FMU refers to the process that insurers use to assess the applicant’s medical history to decide the term of the offer. Whereas a Moratorium excludes all pre-existing conditions from the last five years for a set period and then includes them after that.
Location
Flexible Choices Area is only available to local nationals residing in the following countries:
- Bangladesh
- Brunei
- Cambodia
- East Timor
- India
- Indonesia
- Japan
- Laos
- Malaysia
- Myanmar
- Pakistan
- Papua New Guinea
- Philippines
- Sri Lanka
- Taiwan
- Thailand
- Vietnam
Dependents
Dependents are also covered under this plan. They are subject to the following:
Partner/spouse: legal spouse or partner of the same or opposite sex
Dependent child: child, step-child, or legally adopted child provided that he/she is under age 19 and unmarried (or under age 25, unmarried and in full-time further education) on the date first included under this policy or at any subsequent annual renewal date.
Evolution Health Plan
Morgan Price provides a 5-level Evolution Health Plan: Standard, Standard Plus, Comprehensive, Premium, and Elite. Each differs in terms of benefits, the total coverage amount, and coverage area.
In the table below, you can find out how the five levels differ from one another in terms of area of coverage. It is to give you a brief overview of what you can expect to get by enrolling in the policy.
🟢– The plan offers coverage for this item
🟡– The plan offers coverage for this item but with limitations
🔴– The plan doesn’t offer coverage for this item
| Evolution Health Plan | Standard | Standard Plus | Comprehensive | Premium | Elite |
| Annual Limit (USD, GBP, EUR) | 500,000 | 750,000 | 1,000,000 | 1,500,000 | 2,000,000 |
| In-patient and day-patient treatment | 🟢 | 🟢 | 🟢 | 🟢 | 🟢 |
| Treatment for Cancer | 🟢 | 🟢 | 🟢 | 🟢 | 🟢 |
| Treatment for chronic conditions | 🟡 | 🟡 | 🟢 | 🟢 | 🟢 |
| Organ transplants | 🔴 | 🟢 | 🟢 | 🟢 | 🟢 |
| Evacuation and repatriation | 🟢 | 🟢 | 🟢 | 🟢 | 🟢 |
| Home country cover excluding the US | 🟢 | 🟢 | 🟢 | 🟢 | 🟢 |
| Emergency treatment outside area of cover | 🟢 | 🟢 | 🟢 | 🟢 | 🟢 |
| Cash benefits | 🟡 | 🟡 | 🟡 | 🟢 | 🟢 |
| Outpatient consultations and diagnostics | 🟢 | 🟢 | 🟢 | 🟢 | 🟢 |
| Outpatient Scans and treatments | 🔴 | 🟡 | 🟡 | 🟢 | 🟢 |
| Routine health checks | 🟢 | 🟢 | 🟢 | 🟢 | 🟢 |
| Routine maternity | 🔴 | 🔴 | 🔴 | 🟢 | 🟢 |
| Maternity benefits | 🔴 | 🟡 | 🟡 | 🟢 | 🟢 |
| Dental | 🔴 | 🔴 | 🟢 | 🟢 | 🟢 |
| Vision | 🔴 | 🔴 | 🔴 | 🟢 | 🟢 |
| Hearing | 🔴 | 🔴 | 🔴 | 🟢 | 🟢 |
| Infertility treatment | 🔴 | 🔴 | 🔴 | 🟢 | 🟢 |
Once you have found the right plan(s), you can check the table of benefits for more detailed policy terms to further narrow down your best option. We recommend paying attention to the:
-
- Waiting period for certain items
- Amount of coverage of items
- Lifetime limit of certain items
Eligibility of Evolution Health Plan
Age
The maximum age of entry at the start date of the policy on an FMU basis is 74 whereas the maximum age of entry on a Moratorium basis is 55.
Dependents
Children under 19 and unmarried can be added to the member’s policy, or 25 if unmarried and in full-time further education. Their insurance cover under this policy will automatically be terminated and they will be eligible to be a policyholder on their own whenever they are not qualified.
Locations
Although the policy is designed for global expats and local nationals (US excluded), you should be aware that there is region-specificity, and you need to make the application concerning your primary residential address. Plans available are Evolution Health Plan (UK, EU, Asia).
General Exclusions
Despite the plan being comprehensive, you should be aware that sickness related to voluntary actions or habits, non-essential treatments and surgeries, and diseases that cannot be fully treated with risks of relapses will NOT be covered in the plan regardless of plan level.
- Alcoholism and substance abuse
- Sexually transmitted diseases
- Cosmetic Surgery
- Experimental treatment
- Weight loss surgery
- Sleep disorders
- Professional sports
- Ship-to-shore evacuation
General Restrictions and Limitations
Some of their benefits have specific limits. Some examples of restrictions include:
- Cover for pre-existing conditions is dependent on the underwriting type
- Certain benefits have waiting periods, which refer to the period you have to be enrolled in the policy before receiving the benefits for that item
- Pre-authorization is required for some claims
- Policy excess will not be applied to some of the items
Why You Should Choose Morgan Price as Your Insurer
By choosing either Morgan Price’s Flexible Choices Asia or Evolution Health Plan, you will benefit from cost-effective and flexible plans, fast claims, and excellent customer support service.
Excellent Price-to-quality Ratio
Compared to insurance plans from other companies, the Flexible Choices Asia and Evolution Health Plan has relatively fewer exclusions. You might be surprised to see other companies denying applications due to the applicant’s BMI being outside the normal range.
They are also generous in maternity benefits. A majority of the companies only approve claims for newborns, but Morgan Price rewards the insured for normal pregnancy and childbirth (depending on your plan level), and even pediatric benefits and premature baby treatments.
Swift Claims
The company was reviewed to pay out claims quickly, usually within 48 hours. The payment will be settled through a guarantee of Payment (GOP), which is an assurance offered by the insurer to the medical facility confirming that they will settle the cost of inpatient treatment on behalf of the patient.
Flexibility
You can pay your premium in three different currencies: British Pounds, US Dollars, and Euros. In addition, it can be paid on a monthly (8% extra), quarterly (5% extra), semi-quarterly (4% extra), and annual basis. Those who are tight in budget pay extra to avoid paying large sums at once.
You are provided with an option to select a policy excess, which is the deductibles and co-payment for your medical bills. You will be required to pay less premiums but more from your bank account in case anything happens and you require treatment.
Note: Policy excess will not apply to wellness benefits, dental treatment benefits, cash benefits, and medical evacuation and repatriation benefits.
Complete Customer Support
Customer support is given out in languages other than English for better communication. They are also available 24/7 so you don’t have to worry about not being able to contact them in cases of emergency.
Extra Benefit
Every client under Morgan Price will automatically be registered with Blood Care Foundation. The Foundation is known for providing screened blood on an emergency basis to members worldwide. This acts as an extra layer of security for some people, especially those with rarer blood types.
Buying Insurance Through A Broker
One of the benefits you get from working with a broker is you can receive unbiased advice on plan recommendations and price comparisons. Brokers, as an intermediary, do not work for a particular insurer so we have the advantage of providing you potential options across worldwide insurers.
Moreover, no extra costs will be incurred. Broker’s plans are sold at market price or even lower. Without paying a single penny, you will have your inquiries promptly addressed, and your claims process assisted. They are always on their clients’ side when dealing with insurers.
Finding the ‘perfect’ health insurance solution for your requirements is challenging. The vast information available in the market and on the Internet is overwhelming. With the assistance of an insurance expert can streamline the complicated process and give you peace of mind.
Pacific Prime as Your Broker of Choice
Pacific Prime is an award-winning insurance broker, and our team of insurance experts is committed to client-first servicing and providing you with professional service and tailored solutions to your interests and budget. Our excellence in customer support is trusted and recognized worldwide.
With over 20 years of experience in the industry, we have expanded our network to over 13 countries in different regions of the world and connected with a wide selection of top global insurance companies, to provide options for your health insurance needs.
Insurance Needs For Expats In Thailand
We should always prioritize our health and safety first. Insurance is needed everywhere, especially in Thailand. Although known as a country with a good mix of vibrant city vibes and tranquil rural vibes, is prone to road accidents caused by motorcycles and wet season illnesses due to its tropical climate.
You might not be aware that Thailand is considered to be one of the most unsafe countries worldwide reflected in the number of and the proportion of people who die in traffic accidents. About 20,000 lives are taken away every year on the deadly road of the ‘Land of Smiles’.
Other than road accidents, the constant pours of rain during the rainy season make seasonal illnesses more prominent than on other days. For example, mosquito-borne diseases such as dengue fever and the Zika Virus have more reported cases during the rainy season.
What’s more, Thailand’s public healthcare system is not going to give you an easy time. It usually has long wait times, so it is not suitable to treat emergency conditions. Private healthcare, on the other hand, offers state-of-the-art healthcare facilities and personalized care and services.
However, receiving treatments and services at private hospitals is costly. With appropriate health insurance, you won’t have to pay for anything outside coverage. The insurer will settle the payment with the hospital to give you peace of mind so that money won’t be an issue to be worried about.
Not to mention it’s mandatory for short-term and long-term visitors in Thailand to have proof of medical insurance, as expats are not enrolled in the national system for free healthcare. This is where you should start considering Morgan Price’s Evolution Health plan as your insurance choice.
Frequently Asked Questions
Is Morgan Price an insurance company?
Morgan Price is a managing general agent. They are not an insurance company, but they act on behalf of insurers in terms of product design, administration, premium collection, and claims handling. The products and clients are considered theirs instead of the insurance company itself.
What is not covered by Flexible Choices Asia?
While the plan was made as comprehensive as it could be, it is deemed impossible to provide coverage for everything. Higher premiums come with wider coverage and more benefits, and vice versa. So it is important to do some research on the policy before your application.
Is it possible to get a full refund after my successful application with Morgan Price?
A full refund is possible within the first 2 weeks of the policy thanks to the money-back guarantee. Simply return your documents and start the process. One thing to bear in mind is that the guarantee is immediately terminated once a claim has been made.
Conclusion
Both Flexible Choices Asia and Evolution Health Plan are comprehensive International IPMI plans that are good in cost-effectiveness and flexibility. With the impeccable customer service Morgan Price provides, they are worth securing for global expats who pursue personal health and well-being.
Foreign countries are full of surprises, risks, and challenges in the eyes of expats. No matter what you encounter, it is best to have your safety and well-being covered with expat or international health insurance. Morgan Price is your trusted right hand in this regard.
Yet, there are a lot of top insurers in the world who offer similar products at a probably more appealing price and coverage. You’ll want to work with a reputable insurance broker like Pacific Prime to break down the insurance policies and interpret jargon for better understanding.
Securing health insurance could potentially be a life option as you might not be able to change companies due to underwritings. It might also be worth looking at what other companies such as MSIG and Healthcare International are offering.
To quickly narrow down the best options according to your personal information, location, and area of coverage, we have an online quote system in assistance. Check out the tutorial on how to use it and what it can do for you and generate one for your reference. Then we can start from there.
With the obligation-free quote and plan comparison generated, we can help you search for the best insurance plan compatible with your needs and budget. Our insurance experts will guide you through the selection process whilst giving you impartial advice on the upsides and downsides of those plans.
Contact us today and get started!
Since joining Pacific Prime, Eric was exposed to a new world of insurance. Having learned about insurance products extensively, he has taken joy and satisfaction in helping individuals and businesses manage risks and protect themselves against financial loss through the power of words.
Although born and raised in Hong Kong, he spent a quarter of his life living and studying in the UK. He believes his multicultural experience is a great asset in understanding the needs and wants of expats and globe-trotters.
Eric’s strengths lie in his strong research, analytical, and communication skills, obtained through his BA in Linguistics from the University of York and MSc in Teaching English to Speakers of Other Languages (TESOL) from the University of Bristol.
Outside of work, he enjoys some me-time gaming and reading on his own, occasionally going absolutely mental on a night out with friends.
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How does Morgan Price’s customer service handle emergencies for expats in remote areas of Thailand, and what has been the experience of expats in such situations?
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