Hospital Insurance
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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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30plus:
Whichever you choose, remember to buy the rider to cover deductible and/or co-insurance. Personally, I think deductible is more important. Typical hospital bill for A ward in Gov hospital is about 2,000. Without a rider to cover deductible, you may not be able to a single cent.
Deductible (The amount payable by you) is fixed from $1k to $3k , depending on ward and plan you have chosen.
Co-Insurance (another amount payable by you) is 10% of the balance claimable amount after deducting the deductible.
If your are faced with a $100k bill after the deductible . You will need to foot the 10% of the co-insurance which amount to $10,000.
Of course it's best to cover the deductible and co-insurance.But if you are on a budget and can only cover one at the moment. My choice will be the co-insurance. as I will know the amount I'll have to bear for deductible ($3k Max) but for co-insurance , it will be 10% of final bill, which it can amount to anything.
Just my 2 cents worth.
Links for http://www.moh.gov.sg/content/moh_web/home/costs_and_financing/schemes_subsidies/Medishield/Disclaimer.html
Click on Continue after reading the Disclaimer. -
I think if you can afford it, just cover the deductible and co-insurance.
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Hi all.
I read the comparison chart and Aviva is the only one that covers the deposit that you have to pay when you are admitted to a private hospital.
For eg, if any of your family gets admitted to a private hospital (assuming that you are all under the private hospital plan), you will need to put in deposit for the stay. Only Aviva will pay the deposit for you and all the payment of the bill is done between Aviva and that private hospital. So you won’t need to fork out cash.
The rest, you will need to fork out cash first then get reimbursed later… -
Apart from plans features. Letters of Guaranteed upon hospitalization and Claim return rate may be a concern to many. Hope this will help you to make an informed decision.
Source:
http://www.moh.gov.sg/content/moh_web/home/costs_and_financing/schemes_subsidies/Medishield/Medisave-approved_Insurance.html[/size] -
pqy:
I was going to upgrade my existing basis My shield plan currently with CPF to AVIVA as charged plan. My kids would be entitled for free coverage if myself and husband sign up the plan. Do any one of yours have experience with AVIVA. How their response in term of claim and services in any other area. tks.
Hi pqy, I signed my wife and kids up with Aviva just a few months ago. And already I have made a claim for my youngest child who underwent a small operation on her foot. We paid first and got re-imbursed within a month. Hope this helps.
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Fantacia:
Is it? I am thinking of changing to Aviva (previously from NTUC) coz my boyfriend has just changed to Aviva and his agent is quite good.Hi all.
I read the comparison chart and Aviva is the only one that covers the deposit that you have to pay when you are admitted to a private hospital.
For eg, if any of your family gets admitted to a private hospital (assuming that you are all under the private hospital plan), you will need to put in deposit for the stay. Only Aviva will pay the deposit for you and all the payment of the bill is done between Aviva and that private hospital. So you won't need to fork out cash.
The rest, you will need to fork out cash first then get reimbursed later...
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