Hong Kong
[Updated 7/25/25] Employees in Hong Kong care most about their medical insurance. While Hong Kong has a publicly funded healthcare system, it has limited capacity. So those who are affluent (or aspire to be) are very focused on private healthcare. Hence, the importance of employer-provided medical insurance is high.
Country Insight
Easy access to travel insurance and accident benefits is becoming increasingly important. This is because many employees in Hong Kong have jobs that involve significant travel in China and the rest of Asia.
Trending Now
Many insurers are venturing into retirement planning and wealth management to meet consumer demands. This is against a backdrop of a highly mature market, an aging population, and a general increase in affluence.
Average Cost For Employer-Sponsored Benefits
Like any commercial employee benefits insurance, the cost is driven by factors such as claims history, demographics, and inflationary trends.
Advice To Employers
Employees in Hong Kong expect to have a medical plan, certain life/disability benefits, and a business travel insurance plan.
Surprising Fact
The retirement pension system, the Mandatory Provident Fund (MPF), is compulsory and highly regulated in Hong Kong. This takes much of the decision-making element away from the employer.
This information about employee benefits in Hong Kong is provided by Ximco, Asinta’s employee benefits consulting Partner in Hong Kong.