Hospital Insurance
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check out http://www.moh.gov.sg
there is a medisheild comparison
unable to get link but see below some info
Click here for a comparison of the Integrated Shield Plans
If you had a Medisave-approved plan with a private insurer before 1 July 2005, you will be transited to the new Medisave-approved Integrated Shield plans over a 2 year period by your private insurer. After the 2-year transition period is over, Medisave cannot be used to pay for the premiums of the old plans as they are not integrated with MediShield.
Service Indicators
(I) Claims return rate
The following claims return rate table shows how long it takes each insurer to process claims with positive payouts.
The phrase, cumulative claims return rate, refers to the percentage of claims processed by the insurer within one week, two weeks and one month. Note that the fifth column shows the median number of days it takes each insurer to process claims.
\tCumulative Claims Return Rate\tMedian claims return rate (days)
<= 1 week\t<= 2 weeks\t<= 4 weeks
AIA\t85%\t89%\t92%\t1
AVIVA\t80%\t83%\t88%\t1
Great Eastern\t93%\t96%\t98%\t0
NTUC Income\t92%\t94%\t96%\t0
Prudential\t94%\t97%\t99%\t0
(1 Jul 2011 to 30 Sep 2011)
Note (1): The number of days insurers take to process claims includes the time it takes to obtain medical records from claimants or medical institutions.
(II) Letter of guarantee and medical records costs
When you are hospitalised, if your hospital can obtain a letter of guarantee from your insurer, you can reduce the amount of your upfront payment to the hospital. A letter of guarantee is an assurance of payment offered by insurers to hospitals, on behalf of a patient, for the portion of the hospital bill covered by insurance.
To process claims, insurers may require your medical records. Either you as a claimant, or your insurer, can request medical records from medical institutions. This request however, usually comes at a cost from $75 to $250. The following table shows that all insurers currently absorb the cost of obtaining medical records.
\tProvides Letter of Guarantee\tAbsorbs costs of obtaining medical records
AIA\tNo\tYes
AVIVA\tProvided to selected Restructured Hospitals and Institutions*\tYes
Great Eastern\tNo\tYes
NTUC Income\tProvided to selected Restructured Hospitals and Institutions*\tYes
Prudential\tProvided to selected Restructured Hospitals and Institutions*\tYes
*The restructured hospitals are AH, CGH, NUH, SGH, TTSH and KTPH. Please check with the insurer for more information.
(As of November 2010)
Note (1): Insurers who absorb the cost of obtaining medical records, do so in more than 90% of cases. There might still exist situations where the claimant is requested to pay for medical records.
Last updated on 18 Oct 2011
moh.gov.sg/ -
River:
And yes, all of them allow for riders to reduce hospital bills to ZERO. However, the premiums are not cheap to me.
There is still insurers that provides rider plan for full claim?
NTUC ceased their in 2008 :moneyflies: -
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daddy2007:
Yes, many insurers still do. And you are right. NTUC ceased theirs. That's why it is the cheapest around.River:
And yes, all of them allow for riders to reduce hospital bills to ZERO. However, the premiums are not cheap to me.
There is still insurers that provides rider plan for full claim?
NTUC ceased their in 2008 :moneyflies: -
For parents who claimed H&S insurance for their children, can share whether there is additional premiums in the subsequent years?
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KPB:
For parents who claimed H&S insurance for their children, can share whether there is additional premiums in the subsequent years?
Claimed 3 times over the past 2 years. So far no increase in premium for subsequent years
Think hospital insurance is not like motor insurance where the premium will depend on your claim rate -
daddy2007:
Thats very assuring, considering the premium is pretty reasonable.KPB:
For parents who claimed H&S insurance for their children, can share whether there is additional premiums in the subsequent years?
Claimed 3 times over the past 2 years. So far no increase in premium for subsequent years
Think hospital insurance is not like motor insurance where the premium will depend on your claim rate -
For CPF approved shield plans, premiums are fixed according to age bands like 21-30, 31-40, etc…
They should not increase based on claim rates, and the shield plans are guaranteed renewable no matter the claim rate -
daddy2007:
Yes, Aviva got!River:
And yes, all of them allow for riders to reduce hospital bills to ZERO. However, the premiums are not cheap to me.
There is still insurers that provides rider plan for full claim?
NTUC ceased their in 2008 :moneyflies: -
Great Eastern also has I thk!
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