All About Health Insurance

[titank]

Does anyone purchase medical insurance where allow oneself or family members to visit the clinic? This is good for person that are self employed or those companies the medical benefits does not cover the family members.

[thefashionpill]

There are plenty of insurance agents in the market, especially roadshows and such where they hussle you to buy this and that. My gf does this and i like that she plans my child’s insurance and education needs to exactly our budget and plans for our children in the long run.


if anyone’s interested can ping me for her contacts coz im not sure its ok to just post her number here.

Also not long after i bought a policy from her, the plan i got was child education plan of the year. Usually i prefers shopping around for the best but she proves to be very helpful and reliable thus now my family has stick to her for all our family planning needs.

[ZacK]

titank:

Does anyone purchase medical insurance where allow oneself or family members to visit the clinic? This is good for person that are self employed or those companies the medical benefits does not cover the family members.

From what I understand... Medical insurance that covers outpatient visits are expensive or if not they will come with a reimbursement capping per visit or may have deductible per visits.

Insurance premiums is a function of the probability that something will happen. Outpatient visits are almost a sure thing for many of us, the consideration is how many times do we visit the doc per year? So you can be sure that the premiums will not be cheap and IMO may not make much economic sense.

Here is an example I got off the web for outpatient visit:
Benefits_______________________Plan A_______Plan B
Maximum visits per year___________20__________10
Deductible per visit_______________S$8_________S$8
Premium______________________S$198________S$158
Terms and conditions apply.

Take Plan B for an example, max visit per year is 10x, premium payable is $158. So this works out to $15.80 per visit. However for every visit you make, you have to bear $8. So this works out to $23.80 per visit if you visit the panel doc 10x within the year.

If within the year, your visits to the doc is 5x, the cost per visit to you will be $158/5 + $8 per visit = $39.60.

Guess all of us would have to gauge how much we spend on average at the doctor and then compare this to the cost that we need to pay for such a benefit.

Note that outpatient insurance does not cover pre-existing or chronic illnesses where you require regular medications and also this is usually added on as a rider to a hospital insurance cover. Do not think you will find this cover as a standalone policy.

Personally for me, I take up insurance for risk events that are low in frequency but will have a high financial impact to my family... i.e. your death/disabilities/critical illnesses etc...

Events that are high occurrence but low financial impact, I will choose to \"self-insure\" and manage the risk and financial cost myself. e.g. would be the outpatient insurance.

Food for thought :?

[thefashionpill]

hi zack!


im not sure if i understand what you mean in terms of health insurance.
my health insurance is manage by my general and health insurance guy, of which ive got my own financial planner too. i know that there is two alternatives in terms of health insurance and accidental stuff.

for example i know that if i go jogging for example and get a mishap like say sprain my ankle or get dislocated i know that i am covered for my medical expenses in terms of my MRI etc…

that is kinda actually being covered by my general insurance accident plan.

as for my hospitalistation im covered by my health shield plan.
so im not quite sure what you are lookin for, but this guy that does both my accident as well as health shield guy is pretty good. u can call him for advice coz he’s kinda not pushy. i like it coz i dont like to be pressured to take up anything or be committed to anything i dont want. so he’s kinda good to check up with.

if u are interested u can msg me and i can send u his contact. coz im kinda new at this forum im not sure im im kinda allowed to post contact numbers here.

im sure it wont hurt to just call and enquire from him. coz afterall, with insurance and financial planning and such, u still need professional advice except we all know we dont and are afraid of the hard sell types. so he’s pretty alright.

[ZacK]

thefashionpill:

hi zack!

Thanks for the kind offer... I've got myself covered based on my current needs at the moment

[thefashionpill]

no worries zack!

[genice]

jedamum:

i am currently under Plan A of certain insurance coy coverage for hospitalization. i would like to find out that if say in 20yrs time i intend to downgrade to Plan B, is it subject to a re-underwriting?

Hi jedamum, this is consider a downgrade, u do not need to be subjected to re-underwriting. Only when u wish to upgrade to a better plan, u may need to go thru underwriting again and declare ur medical conditions once again.

[genice]

titank:

[Moderator's note: Topics merged.]


Hi All,

Anyone purchase any personal accident for child? Trying to find with some kind of benefits as follow:

(1)$1000-$2000 per injury. Can go medical clinic or TCM.
(2) Hospitalistaion & ICU coverage like $75/day, $150/day etc
(3) Can have some kind of refund if there is claim or no claim after certain period of duration.Eg 2, 3 years.

Those who have such expereinces so can share? Being getting calls from crdeit card centre listen until I blur on thier ins products. :!:

Hi,

U may want to consider starshield from AIA. Its specially for kids with Medical reimbursements ( u can cliam for food poisoning, serious insect bites, injuries from falls) from $1000 and above depending on the plans u choose, inclused TCM as well and it also covers HFMD.

U can contact me fro my info.. i just got it for my ger. Very affordable $9+ a month

[ooptimizer]

I have personal accident insurance for children from Income. Çan’t remember how much but it was very cheap - something like $60 for 3 years.

[CorwinBrown]

Hi All,


This is to let you guys know that we are a leading insurance company working in the United States. If you guys have any concerns in regards to your life or health insurance, please leave your question here and I shall be back with the suitable suggestion.

Thanks,
Corwin.