<![CDATA[Hospital Insurance]]>Hi there,

Can anyone please give me some ideas of any hospital Insurance for kids that's not too overly expensive. ๐Ÿ˜„

]]>https://forum.kiasuparents.com/topic/20934/hospital-insuranceRSS for NodeTue, 21 Apr 2026 15:51:58 GMTTue, 05 Apr 2011 04:22:33 GMT60<![CDATA[Reply to Hospital Insurance on Sun, 25 Mar 2012 03:39:20 GMT]]>Looking at GE, Avivia, AIA & Prudential I see until I blur. Which one offer the best deals cover both deductible & co-insurance in terms of 100% in pte hospitals?


I may just walk in like shopping as cannot assume the insurance agent would be around all the time. ๐Ÿคท

]]>https://forum.kiasuparents.com/post/734404https://forum.kiasuparents.com/post/734404Sun, 25 Mar 2012 03:39:20 GMT<![CDATA[Reply to Hospital Insurance on Wed, 21 Mar 2012 07:19:40 GMT]]>

UncleLim:
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. ๐Ÿ˜„


My Aviva agent (but he works for an \"independent\" advisory) is helpful and mild-mannered. Anyone who would like to have a chat with him regarding hospitalisation plans can buzz me for his contact. ๐Ÿ˜„

]]>https://forum.kiasuparents.com/post/732369https://forum.kiasuparents.com/post/732369Wed, 21 Mar 2012 07:19:40 GMT<![CDATA[Reply to Hospital Insurance on Wed, 21 Mar 2012 02:48:58 GMT]]>

daddy2007:

Seriously I wonder if there is anymore insurer have 100% deductible/co-insurance coverage. \"As-Charged\" is a norm now.

Let me help you to ask around
AIA, Aviva, GE and Prudential offer this except NTUC income

]]>https://forum.kiasuparents.com/post/732139https://forum.kiasuparents.com/post/732139Wed, 21 Mar 2012 02:48:58 GMT<![CDATA[Reply to Hospital Insurance on Tue, 20 Mar 2012 14:15:34 GMT]]>

AT Online Store:
To be fair to the agents. They dont' get full commission on every shield plan they sell. Integrated Shield Plan as the name applies. Includes the basic shield plan.

A portion of the premium you pay goes in there and the agent are not paid for that.
So if the client only buys a shield plan without rider. the comm may be only $20-30 ,which may not be enough to cover their transport expenses and time . if they treat the client to a meal. they actually incurred a loss.

My point is if you are not their existing clients or a client with future business prospect. I don't see why they really want to invest alot of their time in it. Agents are running a business not a charity or non-profit cause, as in any business . the bottom line matters in the end. As at the end of the month there will be bills to be paid and mouth to feed.

Just my 2 cents
Agents should aim to build a long-term relationship with the clients. Who knows the clients may have future needs or referrals to refer to the agents? Anyway, as clients, if we are just buying a shield plan, don't be so cheapskate and get the agents to treat us to expensive meals, etc lah.

]]>https://forum.kiasuparents.com/post/731920https://forum.kiasuparents.com/post/731920Tue, 20 Mar 2012 14:15:34 GMT<![CDATA[Reply to Hospital Insurance on Tue, 20 Mar 2012 14:12:30 GMT]]>

daddy2007:
AT Online Store:


My point is if you are not their existing clients or a client with future business prospect. I don't see why they really want to invest alot of their time in it. Agents are running a business not a charity or non-profit cause, as in any business . the bottom line matters in the end. As at the end of the month there will be bills to be paid and mouth to feed.

But you might get referral from this person sometime down the road. So think of long term if this \"low-profit\" client didn't ask for too much (e.g asking for a meal, asking for too many different types of quotation or all sort of possible policies combination etc)

When I meet the various agents, I normally buy them drink instead. This is something I can still afford to

I agree. I never get them to treat me anything. By the way, do you all know how much the agent can get if the client sign up for the shield plan with the riders?

]]>https://forum.kiasuparents.com/post/731917https://forum.kiasuparents.com/post/731917Tue, 20 Mar 2012 14:12:30 GMT<![CDATA[Reply to Hospital Insurance on Tue, 20 Mar 2012 07:25:51 GMT]]>

AT Online Store:

My point is if you are not their existing clients or a client with future business prospect. I don't see why they really want to invest alot of their time in it. Agents are running a business not a charity or non-profit cause, as in any business . the bottom line matters in the end. As at the end of the month there will be bills to be paid and mouth to feed.
But you might get referral from this person sometime down the road. So think of long term if this \"low-profit\" client didn't ask for too much (e.g asking for a meal, asking for too many different types of quotation or all sort of possible policies combination etc)

When I meet the various agents, I normally buy them drink instead. This is something I can still afford to

]]>https://forum.kiasuparents.com/post/731706https://forum.kiasuparents.com/post/731706Tue, 20 Mar 2012 07:25:51 GMT<![CDATA[Reply to Hospital Insurance on Tue, 20 Mar 2012 06:17:12 GMT]]>To be fair to the agents. They dontโ€™ get full commission on every shield plan they sell. Integrated Shield Plan as the name applies. Includes the basic shield plan.

A portion of the premium you pay goes in there and the agent are not paid for that.
So if the client only buys a shield plan without rider. the comm may be only $20-30 ,which may not be enough to cover their transport expenses and time . if they treat the client to a meal. they actually incurred a loss.

My point is if you are not their existing clients or a client with future business prospect. I donโ€™t see why they really want to invest alot of their time in it. Agents are running a business not a charity or non-profit cause, as in any business . the bottom line matters in the end. As at the end of the month there will be bills to be paid and mouth to feed.

Just my 2 cents

]]>https://forum.kiasuparents.com/post/731647https://forum.kiasuparents.com/post/731647Tue, 20 Mar 2012 06:17:12 GMT<![CDATA[Reply to Hospital Insurance on Tue, 20 Mar 2012 05:10:59 GMT]]>

daddy2007:
elderflowertea:


So what will you recommend? I don't want to continue with NTUC because I want one which I can buy riders to cover the deductibles and co-insurance and is \"as-charged\".

NTUC withdrew their 100% deductible/co-insurance rider in Jan 2008. Luckily I got mine prior to this. So existing clients are not affected.

There is a downside for 100% deductible/co-insurance coverage. The claim amount will be high and sooner the premium will be increased gradually. So I will see if one day that I think the premium is too high that I will just switch to the non-100% deductible/co-insurance rider.

Seriously I wonder if there is anymore insurer have 100% deductible/co-insurance coverage. \"As-Charged\" is a norm now.

Let me help you to ask around

Thanks! From what I know, the plan I am getting is $158.55 (by Medisave), $52 (by cash) for co-insurance rider and $195.05 (by cash) for deductible rider. If I get older and the riders become more expensive, I will just cancel either one or both riders.

]]>https://forum.kiasuparents.com/post/731606https://forum.kiasuparents.com/post/731606Tue, 20 Mar 2012 05:10:59 GMT<![CDATA[Reply to Hospital Insurance on Tue, 20 Mar 2012 05:01:53 GMT]]>

daddy2007:
elderflowertea:


Agents are very important to me. I am very scared of Prudential agents. I just want to know (and buy) shield plans but they always promote other things to me. Ended up never tell me much of their shield plans. I find many of them do not have good knowledge of their Prushield. Only their ILPs products.

It is not surprise that they will push other products to you as they also need to earn an income to support themselves/family. Furthermore, selling ILP products are the most profitable for them. Seldom see any agent propose a term plan for me :sad:

You might want to try those independent Financial Agent (IFA) where they are insurer-neutral (supposingly) so that they can present to you the range of shield plan for the various insurers. Else if you look for AIA agent, they will sell you their product, likewise for Prudential, Great Eastern etc. They have vested interest

hmm.... maybe by now you should have received several private messages from the agents offering to help? ๐Ÿ˜‚

I know that they also to earn an income for their family but.. Oh well. At least the adviser now only sells me the MyShield plan. Didn't push me to buy any other products.

By the way, I heard some IFAs actually push ILP products to you. Not all IFAs are really neutral unless those paid ones. I don't mind paying for a good adviser but the ones I know charge really expensive which is not needed for me as I just need basic financial planning now.

No need to PM me because I have already decided to sign up for the Aviva plan 1 with deductible and co-insurance riders.

]]>https://forum.kiasuparents.com/post/731600https://forum.kiasuparents.com/post/731600Tue, 20 Mar 2012 05:01:53 GMT<![CDATA[Reply to Hospital Insurance on Tue, 20 Mar 2012 04:51:22 GMT]]>

elderflowertea:

So what will you recommend? I don't want to continue with NTUC because I want one which I can buy riders to cover the deductibles and co-insurance and is \"as-charged\".
NTUC withdrew their 100% deductible/co-insurance rider in Jan 2008. Luckily I got mine prior to this. So existing clients are not affected.

There is a downside for 100% deductible/co-insurance coverage. The claim amount will be high and sooner the premium will be increased gradually. So I will see if one day that I think the premium is too high that I will just switch to the non-100% deductible/co-insurance rider.

Seriously I wonder if there is anymore insurer have 100% deductible/co-insurance coverage. \"As-Charged\" is a norm now.

Let me help you to ask around

]]>https://forum.kiasuparents.com/post/731591https://forum.kiasuparents.com/post/731591Tue, 20 Mar 2012 04:51:22 GMT<![CDATA[Reply to Hospital Insurance on Tue, 20 Mar 2012 04:43:19 GMT]]>

AT Online Store:
Premium affordability is another important factor one should take into consideration. As the premium for Shield plan and it's rider increases with each age band.

Yup. This is one of the factor when I compile all the various plans for comparison.

User base is also a consideration factor. If the user base is too small, the claim rate might be high and the possibility of increasing the premium in future is high.

]]>https://forum.kiasuparents.com/post/731587https://forum.kiasuparents.com/post/731587Tue, 20 Mar 2012 04:43:19 GMT<![CDATA[Reply to Hospital Insurance on Tue, 20 Mar 2012 04:40:21 GMT]]>

elderflowertea:

Agents are very important to me. I am very scared of Prudential agents. I just want to know (and buy) shield plans but they always promote other things to me. Ended up never tell me much of their shield plans. I find many of them do not have good knowledge of their Prushield. Only their ILPs products.
It is not surprise that they will push other products to you as they also need to earn an income to support themselves/family. Furthermore, selling ILP products are the most profitable for them. Seldom see any agent propose a term plan for me :sad:

You might want to try those independent Financial Agent (IFA) where they are insurer-neutral (supposingly) so that they can present to you the range of shield plan for the various insurers. Else if you look for AIA agent, they will sell you their product, likewise for Prudential, Great Eastern etc. They have vested interest

hmm.... maybe by now you should have received several private messages from the agents offering to help? ๐Ÿ˜‚

]]>https://forum.kiasuparents.com/post/731584https://forum.kiasuparents.com/post/731584Tue, 20 Mar 2012 04:40:21 GMT<![CDATA[Reply to Hospital Insurance on Tue, 20 Mar 2012 01:39:14 GMT]]>Premium affordability is another important factor one should take into consideration. As the premium for Shield plan and it's rider increases with each age band.


Example:
An annual premium of shield rider of $216(age 19-30) will become $690(Age 61-65) and $884(Age 66-70) and so for.
http://www.greateasternlife.com/sg/en/products/protect/totalshield.jsp

Ontop of that, the annual cap of Shield plan medisave withdrawal per person now is $800. any premium in excess will be payable by cash. (Most likely to occur from age 61 Age band onwards)

For me, The insurer that offers a good lower shield plan is important to me , as it offer an option for me to downgrade, just in case the premiums of the shield(excess of $800) and riders were to become a financial bundle to me when I reached age 61.
Remember no payment = no coverage.

http://www.moh.gov.sg/content/moh_web/home/statistics/healthcare_institutionstatistics/hospital_admissionratesbyageandsex/Hospital_Admission_Rates_by_Age_and_Sex_2008.html
Every 1000 residents between Age 0-4 The hospitalisation rate is 254.7 (thats a high 25% .1 in every 4 kids)

Every 1000 residents between Age 60-64 The hospitalisation rate is 149.1.

]]>https://forum.kiasuparents.com/post/731445https://forum.kiasuparents.com/post/731445Tue, 20 Mar 2012 01:39:14 GMT<![CDATA[Reply to Hospital Insurance on Mon, 19 Mar 2012 16:27:36 GMT]]>

daddy2007:
elderflowertea:


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.

Agent won't be there forever. Consideration factor should be the insurer rather than agent

So what will you recommend? I don't want to continue with NTUC because I want one which I can buy riders to cover the deductibles and co-insurance and is \"as-charged\".

Agents are very important to me. I am very scared of Prudential agents. I just want to know (and buy) shield plans but they always promote other things to me. Ended up never tell me much of their shield plans. I find many of them do not have good knowledge of their Prushield. Only their ILPs products.

]]>https://forum.kiasuparents.com/post/731369https://forum.kiasuparents.com/post/731369Mon, 19 Mar 2012 16:27:36 GMT<![CDATA[Reply to Hospital Insurance on Mon, 19 Mar 2012 15:27:35 GMT]]>

elderflowertea:

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.
Agent won't be there forever. Consideration factor should be the insurer rather than agent

]]>https://forum.kiasuparents.com/post/731350https://forum.kiasuparents.com/post/731350Mon, 19 Mar 2012 15:27:35 GMT<![CDATA[Reply to Hospital Insurance on Mon, 19 Mar 2012 14:12:57 GMT]]>

Fantacia:
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...
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.

]]>https://forum.kiasuparents.com/post/731310https://forum.kiasuparents.com/post/731310Mon, 19 Mar 2012 14:12:57 GMT<![CDATA[Reply to Hospital Insurance on Mon, 19 Mar 2012 07:08:46 GMT]]>

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. ๐Ÿ˜„

]]>https://forum.kiasuparents.com/post/731112https://forum.kiasuparents.com/post/731112Mon, 19 Mar 2012 07:08:46 GMT<![CDATA[Reply to Hospital Insurance on Mon, 19 Mar 2012 02:00:32 GMT]]>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]

]]>https://forum.kiasuparents.com/post/730930https://forum.kiasuparents.com/post/730930Mon, 19 Mar 2012 02:00:32 GMT<![CDATA[Reply to Hospital Insurance on Sun, 18 Mar 2012 17:13:02 GMT]]>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 wonโ€™t need to fork out cash.
The rest, you will need to fork out cash first then get reimbursed laterโ€ฆ

]]>https://forum.kiasuparents.com/post/730837https://forum.kiasuparents.com/post/730837Sun, 18 Mar 2012 17:13:02 GMT<![CDATA[Reply to Hospital Insurance on Fri, 16 Mar 2012 14:54:33 GMT]]>I think if you can afford it, just cover the deductible and co-insurance.

]]>https://forum.kiasuparents.com/post/730134https://forum.kiasuparents.com/post/730134Fri, 16 Mar 2012 14:54:33 GMT<![CDATA[Reply to Hospital Insurance on Sat, 03 Mar 2012 09:04:45 GMT]]>

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. ๐Ÿ˜‚

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.

]]>https://forum.kiasuparents.com/post/722643https://forum.kiasuparents.com/post/722643Sat, 03 Mar 2012 09:04:45 GMT<![CDATA[Reply to Hospital Insurance on Thu, 09 Feb 2012 16:46:13 GMT]]>Great Eastern also has I thk! ๐Ÿ™‚

]]>https://forum.kiasuparents.com/post/707119https://forum.kiasuparents.com/post/707119Thu, 09 Feb 2012 16:46:13 GMT<![CDATA[Reply to Hospital Insurance on Thu, 09 Feb 2012 16:38:19 GMT]]>

daddy2007:
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:

Yes, Aviva got!

]]>https://forum.kiasuparents.com/post/707116https://forum.kiasuparents.com/post/707116Thu, 09 Feb 2012 16:38:19 GMT<![CDATA[Reply to Hospital Insurance on Sun, 05 Feb 2012 14:09:25 GMT]]>For CPF approved shield plans, premiums are fixed according to age bands like 21-30, 31-40, etcโ€ฆ

They should not increase based on claim rates, and the shield plans are guaranteed renewable no matter the claim rate

]]>https://forum.kiasuparents.com/post/704033https://forum.kiasuparents.com/post/704033Sun, 05 Feb 2012 14:09:25 GMT