Any Medical Insurance Policy? I am fedup with my existing policy…
- Thread starter Jimmy1978
- Start date
Howard
Member
Re: Any Medical Insurance Policy? I am fedup with my existing policy…
Did you consider the MyShield plan from DBS bank? It’s good because getting medical insurance in Singapore can be expensive, but if you and your wife are already covered under this policy your child gets free coverage till she turns 20! Hence it helps you save for years to come...I think it’s worth migrating to this policy from your existing one…
Did you consider the MyShield plan from DBS bank? It’s good because getting medical insurance in Singapore can be expensive, but if you and your wife are already covered under this policy your child gets free coverage till she turns 20! Hence it helps you save for years to come...I think it’s worth migrating to this policy from your existing one…
The Guardian
Well-Known Member
Re: Any Medical Insurance Policy? I am fedup with my existing policy…
What is the cap on claims?
To me, nothing is cheap. It's the professional attention that counts. Period.
What is the cap on claims?
To me, nothing is cheap. It's the professional attention that counts. Period.
fu3g0
Well-Known Member
Any Medical Insurance Policy? I am fedup with my existing policy…
Actually, there's a lot of things to consider other just the figures.
Most insurer CPF approved medical plans are quite standardize. The coverage are generally As charged by now.
The only difference is the max claim limit. But still abt the same.
Main thing to take note is.. The terms n conditions.
Some insurer terms states that one must be warded for min 12 hours of consecutive hospital stay before counted as valid claim. While some only need min 6 hours.
Go for the price n miss out this. Ure screwed as well if u r only warded less than the required hours. And the nurse wouldn't advise cos they don't know also.
And also pls buy the cash rider. That would take care of the deductible ($2-$3.5k depending on ward stayed) and 10% co-insurance. It's machiam like our car insurance excess.
You buy the CPF plan only without cash rider, it's like not buying. Cause most bills without surgical procedures will unlikely exceed the deductible and co-insurance. So cannot claim under the CPF approved plan.
Only can claim using the cash rider. Hospital bill not cheap. My dad just didn't a scope n CT scan already costed my $6.5k just for few hours. Without cash rider, half of it not claim able Liao.
Lastly, get a trusted n committed agent to assist you.
When sh*t really happens, trust me. U will be too occupied with other issues and the last thing u want to bother is medical bills n delaying of claims.
Banks wouldn't help you chase for sure.
We are probably concern w our health or the recovery of our love ones. Boh eng to chase insurances company for claims. So leave that to a trusted n committed agent to settle.
Forgot to add, hospital bills are climbing so insurers are getting more strict. So pls buy while we are healthy.
Like I always tell my friends, if we didn't leave money behind, it's okie. Just don't leave bills or debts behind.
Just my 2 cents worth.
Actually, there's a lot of things to consider other just the figures.
Most insurer CPF approved medical plans are quite standardize. The coverage are generally As charged by now.
The only difference is the max claim limit. But still abt the same.
Main thing to take note is.. The terms n conditions.
Some insurer terms states that one must be warded for min 12 hours of consecutive hospital stay before counted as valid claim. While some only need min 6 hours.
Go for the price n miss out this. Ure screwed as well if u r only warded less than the required hours. And the nurse wouldn't advise cos they don't know also.
And also pls buy the cash rider. That would take care of the deductible ($2-$3.5k depending on ward stayed) and 10% co-insurance. It's machiam like our car insurance excess.
You buy the CPF plan only without cash rider, it's like not buying. Cause most bills without surgical procedures will unlikely exceed the deductible and co-insurance. So cannot claim under the CPF approved plan.
Only can claim using the cash rider. Hospital bill not cheap. My dad just didn't a scope n CT scan already costed my $6.5k just for few hours. Without cash rider, half of it not claim able Liao.
Lastly, get a trusted n committed agent to assist you.
When sh*t really happens, trust me. U will be too occupied with other issues and the last thing u want to bother is medical bills n delaying of claims.
Banks wouldn't help you chase for sure.
We are probably concern w our health or the recovery of our love ones. Boh eng to chase insurances company for claims. So leave that to a trusted n committed agent to settle.
Forgot to add, hospital bills are climbing so insurers are getting more strict. So pls buy while we are healthy.
Like I always tell my friends, if we didn't leave money behind, it's okie. Just don't leave bills or debts behind.
Just my 2 cents worth.
Last edited by a moderator:
Vansoh
Well-Known Member
Re: Any Medical Insurance Policy? I am fedup with my existing policy…
this topic struck a chore as I just had a surgery at mount e.
total bill is 23K for 3 day stay and surgery.
hospitalisation and surgery (H&S) policy is something every one must get!
and please get the most comprehensive one with rider to cover the deductible and co-insure portion.
when I got my policy couple years back, there is no As-Charged policy rider like today.
got the Healthshield gold and pink of health that covers the first $3000 of bill. in yesteryears this 3000 is sufficient to cover the deductible, but nowadays, deductible alone is already 3.5k.
over the past 3 years, had 5 surgery/cystoscopy done. total bill till date is ard 70K.
with insurance I paid in total like only @ 4-5K via mediasave and cash total ard 1-2k.
the key in H&S policy is that the most comprehensive plan will cover private hospital.
together with the as-charge rider purchased, in the event you have a health issue, go to a specialist and have it checked out, if surgery is required, private hospital normally can schedule you within the week.
do not opt for day surgery no matter what, once warded into the hospital, you will qualify to claim. so the hours issue is resolved. always inform your doctor/surgeon that you are claiming insurance and they will know exactly what to do/write for the insurance co.
as for claiming, its actually pretty simple, nowadays my agent wouldn't know Im warded till he see the approved claim.
you just need to
1)download and fill the forms
2)attached the discharge summary from the hospital (get this from the ware upon dischage, this is important)
3) attached the original bill given and paid at the hospital ( note: this bill is not a tax invoice)
4) mail to the insurance co.
for medisheld claim, this will suffice.
if you are claiming for the deductible and co-insurance portion,
you will need to submit to the insurance co the original TAX INVOICE from the hospital. (this will be mailed to you by the hospital, normally @ 1-2weeks after discharge.)
this topic struck a chore as I just had a surgery at mount e.
total bill is 23K for 3 day stay and surgery.
hospitalisation and surgery (H&S) policy is something every one must get!
and please get the most comprehensive one with rider to cover the deductible and co-insure portion.
when I got my policy couple years back, there is no As-Charged policy rider like today.
got the Healthshield gold and pink of health that covers the first $3000 of bill. in yesteryears this 3000 is sufficient to cover the deductible, but nowadays, deductible alone is already 3.5k.
over the past 3 years, had 5 surgery/cystoscopy done. total bill till date is ard 70K.
with insurance I paid in total like only @ 4-5K via mediasave and cash total ard 1-2k.
the key in H&S policy is that the most comprehensive plan will cover private hospital.
together with the as-charge rider purchased, in the event you have a health issue, go to a specialist and have it checked out, if surgery is required, private hospital normally can schedule you within the week.
do not opt for day surgery no matter what, once warded into the hospital, you will qualify to claim. so the hours issue is resolved. always inform your doctor/surgeon that you are claiming insurance and they will know exactly what to do/write for the insurance co.
as for claiming, its actually pretty simple, nowadays my agent wouldn't know Im warded till he see the approved claim.
you just need to
1)download and fill the forms
2)attached the discharge summary from the hospital (get this from the ware upon dischage, this is important)
3) attached the original bill given and paid at the hospital ( note: this bill is not a tax invoice)
4) mail to the insurance co.
for medisheld claim, this will suffice.
if you are claiming for the deductible and co-insurance portion,
you will need to submit to the insurance co the original TAX INVOICE from the hospital. (this will be mailed to you by the hospital, normally @ 1-2weeks after discharge.)
