Compensation/Benefits Packages for Locally Hired Foreigners

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1 Compensation/Benefits Packages for Locally Hired Foreigners Part II: International Medical Insurance and the The Medical Benefits Program for AmCham Shanghai Members Tel: Fax: Presented by: Pacific Prime Date: June 7, 2006 Suite 405, 15 Dong Ping Road Shanghai China Page 1

Tel: +86 21 6445 4592 Fax: +86 21 6467 0328 Email: cyril@pacificprime.

2 Brief Overview of Pacific Prime One of the leading insurance intermediaries in Asia specialized in Health Insurance for people living or working overseas. Based in Hong Kong, Pacific Prime has offices in Hong Kong, Shanghai and Singapore Considerable experience in managing corporate medical schemes in China and Asia. In China, Pacific Prime manages the employee medical benefits programs for: L Oréal, Unilever, Dulwich College, UbiSoft, The American Chamber of Commerce in Shanghai (affinity scheme) +20,000 individual/family policies (mainly Hong Kong and China) Pacific Prime works with all of the major international insurance carriers and therefore offers a very extensive choice of insurance products Page 2

In China, Pacific Prime manages the employee medical benefits programs for: L Oréal, Unilever, Dulwich College, UbiSoft, The American Chamber of Commerce in Shanghai (affinity

3 Issues related to Medical Care for foreigners in China and the Solutions offered through International Medical Insurance Issues China is one of the most expensive areas in the world in terms of medical costs i.e. USD 1,000 for room only / night i.e. USD 100 for doctor & specialist visits International Medical Insurance offers a high level of cover Solutions Not all treatments and procedures are available in China (i.e. brain tumor, organ transplant) Foreigners may still feel more comfortable receiving treatment back home Choice on Medical provider Claims handling Emergency evacuation is included in International Medical Insurance International Medical Insurance could offer cover back home (and anywhere else overseas) Free choice of hospital, clinic or doctor Extensive Direct Billing networks are available Page 3

e. brain tumor, organ transplant) Foreigners may still feel more comfortable receiving treatment back home Choice on Medical provider Claims handling Emergency evacuation is included in International

4 What are the options available to locally hired foreigners? Different types of international medical policies are available for China hires. These different options can allow companies to meet their needs and budgets Individual plan: Available to any foreigner living or working overseas. This is the standard option available to foreigners and China hires. No discount applies here Corporate plan: Available to companies who have at least 3 foreign employees. A corporate scheme enables the company to receive corporate discounts and to set up an HR policy/strategy on Employee Benefits Expanded Medical Benefits Program for AmCham Shanghai Members: An AmCham survey revealed that there was a lack of options available on international health insurance for individual members. An expanded program catered to SME, locally hired foreigners and entrepreneurs was set up by Pacific Prime. Foreigners receive discounts through AmCham Shanghai membership Page 4

This is the standard option available to foreigners and China hires. No discount applies here Corporate plan: Available to companies who have at least 3 foreign employees.

5 Medical Benefits Program for AmCham Shanghai Members Pacific Prime selected 4 A-rated (Standard & Poor s) Insurance carriers to cater to the various needs of AmCham Shanghai members Mid Level Senior Level USA Portable (Normally US Citizen) Aetna IHI Non USA Portable (US and non US Citizen) William Russell Allianz Multiple options and premium flexibility are available within this program to cater to all needs The MBP program offers flexibility as each individual can take a different insurance plan. HR managers can therefore select a different plan for each foreign employee based on seniority and employee package Page 5

Allianz Multiple options and premium flexibility are available within this program to cater to all needs The MBP program offers flexibility as each

6 Perspectives in Health Care and International Medical Insurance in China With the increasing number of foreigners moving to China, the demand for International medical care is likely to keep rising in the coming years. Since the supply in international medical care has not yet reached a mature stage, medical costs are therefore likely to keep increasing in the following years The supply and demand for foreign medical care should reach an equilibrium in the next 5 years. Once that stage is reached, prices should start to stabilize or decrease As more international facilities establish in China in the coming years, the medical care for foreigners will keep on improving International Insurance Companies are currently planning to establish presence in China through local partners. Several international carriers should be present in China in the next 2 to 3 years. Plans will remain international with local underwriting. Page 6

Since the supply in international medical care has not yet reached a mature stage, medical costs are therefore likely to keep increasing in the following years The supply and demand for foreign

7 If you would like to receive a personalized proposal, please log on to In order to receive further information based on your employees/company s personal needs, please feel free to contact: Cyril James Nahon Pacific Prime Tel: (021) Fax: (021) cyril@pacificprime.com Page 7

com/amcham In order to receive further information based on your

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Hong Kong China Singapore UAE. Simplifying Health Insurance Hong Kong China Singapore UAE Simplifying Health Insurance Pacific Prime is a leading international employee benefits brokerage. We have grown consistently over the past 15 years to become one of the foremost