check this article on this site:

Get Covered: A Brief Guide to Expat Health Insurance in China

see source below for the link to this article

there are different companies offering it you have to find which you can afford and how much they can contribute at times of when you need it............... PCIC and some SUN insurance company i have heard about it......... any way i do not have so much knowledge about it. i hope guys and girls over here may give you better answer and guide line on it

@skater....thank you very much for this info and websites

If you are a foreigner over 60 you can't get health insurance or life insurance from any Chinese company. You can only get accident insurance.