All About Health Insurance

[elderflowertea]

ronseng:

Any advised on the health insurance?


Which is better , term or regular ?

What will be the minimum ?

I think that it depends on your objective and how much coverage you want. Best is to seek the advice of a financial advisor. I got a regular plan as I want some savings too.

[MadScientist]

ronseng:

Any advised on the health insurance?


Which is better , term or regular ?

What will be the minimum ?

Seriously, it depends on what your needs are and what you are looking for in the future.

It needs to be aligned to all your other goals so that you get the most out of your premiums. Speaking to an advisor that you trust would be the most effective way.

All the best!

[elderflowertea]

Hey parents. I just heard that if both parents are covered under the Aviva shield plan 1, your children will be covered for free under plan 2 up to 20 years old. Sounds good

[River]

elderflowertea:

Hey parents. I just heard that if both parents are covered under the Aviva shield plan 1, your children will be covered for free under plan 2 up to 20 years old. Sounds good

Indeed it does. However, from my understanding, the children can only claim for treatment in government or restructured hospitals. In addition, the children will have to go through underwriting again once they reach adulthood.

[elderflowertea]

River:

elderflowertea:

Hey parents. I just heard that if both parents are covered under the Aviva shield plan 1, your children will be covered for free under plan 2 up to 20 years old. Sounds good

Indeed it does. However, from my understanding, the children can only claim for treatment in government or restructured hospitals. In addition, the children will have to go through underwriting again once they reach adulthood.

Hm.. Correct. But I think if children want to be admitted at private hospital, they can do a top-up. Anyway, from my understanding, children can stay in any ward in government/restructured hospital. That is good enough for me.

[River]

elderflowertea:

River:

[quote=\"elderflowertea\"]Hey parents. I just heard that if both parents are covered under the Aviva shield plan 1, your children will be covered for free under plan 2 up to 20 years old. Sounds good

Indeed it does. However, from my understanding, the children can only claim for treatment in government or restructured hospitals. In addition, the children will have to go through underwriting again once they reach adulthood.

Hm.. Correct. But I think if children want to be admitted at private hospital, they can do a top-up. Anyway, from my understanding, children can stay in any ward in government/restructured hospital. That is good enough for me.[/quote]I think that we should be fine so long as we understand well the pros and cons. In fact I'm also considering the Aviva plan for my family. Many specialists for childhood diseases work in govt hospitals anyway. The one thing holding me back is that coverage ceases and the need to underwrite again when the child reaches adulthood, which means the child may not be covered or suffer from exclusions due to pre-existing conditions in his/her new H&S policy. I gotta find out more b4 reaching a decision on switching

[elderflowertea]

[quote]
I think that we should be fine so long as we understand well the pros and cons. In fact I'm also considering the Aviva plan for my family. Many specialists for childhood diseases work in govt hospitals anyway. The one thing holding me back is that coverage ceases and the need to underwrite again when the child reaches adulthood, which means the child may not be covered or suffer from exclusions due to pre-existing conditions in his/her new H&S policy. I gotta find out more b4 reaching a decision on switching[/quote]Oh, do you mean that the child doesn't need to go through underwriting again if they purchase from young without switching?

[River]

elderflowertea:

[quote]
I think that we should be fine so long as we understand well the pros and cons. In fact I'm also considering the Aviva plan for my family. Many specialists for childhood diseases work in govt hospitals anyway. The one thing holding me back is that coverage ceases and the need to underwrite again when the child reaches adulthood, which means the child may not be covered or suffer from exclusions due to pre-existing conditions in his/her new H&S policy. I gotta find out more b4 reaching a decision on switching

Oh, do you mean that the child doesn't need to go through underwriting again if they purchase from young without switching?[/quote]That's right Should your child's health condition deteriorates, e,g obesity, high blood pressure, the plan can still be renewed automatically.

[elderflowertea]

River:

elderflowertea:

[quote]
I think that we should be fine so long as we understand well the pros and cons. In fact I'm also considering the Aviva plan for my family. Many specialists for childhood diseases work in govt hospitals anyway. The one thing holding me back is that coverage ceases and the need to underwrite again when the child reaches adulthood, which means the child may not be covered or suffer from exclusions due to pre-existing conditions in his/her new H&S policy. I gotta find out more b4 reaching a decision on switching

Oh, do you mean that the child doesn't need to go through underwriting again if they purchase from young without switching?

That's right Should your child's health condition deteriorates, e,g obesity, high blood pressure, the plan can still be renewed automatically.[/quote]Oh, thanks!

[River]

elderflowertea:

Oh, thanks!

You are welcome. Do correct me if I missed anything or my information is outdated.