All About Health Insurance

[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.

[hubbys_precious]

Hi,


Yes, you are correct

I am a life planner at Great Eastern Life and my child is covered under GE's private hospital plan. I personally feel that the plan is affordable and we get the best coverage out of it. My son is turning 4 this year and was hospitalized twice before. Good thing that he is covered under the private hospital plan, thus we could admit him to Mount A so that his own PD attended to him. Some of resident doctors in hospitals may not be very experienced with little children. It's always good to hold a higher plan when we can afford so we can have options when there's a need to seek medical treatment in future, than to be left with no choice when we're ill.

Once the child holds a shield plan on his/her own now, he/she will be covered for lifetime guaranteed no matter what conditions arise in future. And because medical expenses these days are not cheap, I urge everyone to make sure your family is well-covered in all areas.