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Medishield Comparison. Find out which is the cheapest

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Old 22-11-2016, 10:43 AM   #196
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does this mean axa and ntuc are the cheaper plans out there?
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Old 23-11-2016, 03:01 PM   #197
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I having problem with NTUC.

Met up with an agent last month to get the enhanced plan (preferred). I have not paid for the rider as the stupid agent did not tell me that giro is only meant for renewal and I naively thought it has deducted from my bank account till i received reminder letter to pay for the rider. Told the agent that i want to pay via AXN machine and will like to cancel giro application. He has the nerve to tell me to get the Giro Cancellation form from the bank itself! (the form is in their website for goodness sake!).

Call the NTUC hotline to make a complaint. Decided to cancel the giro and also change agent. NTUC assigned another agent to me and she called me up. Okay, so i signed the change of adviser form and emailed to her. Till now no call/email from her. Totally nothing.

My qn is - will the main plan be cancelled automatically if i did not pay the rider (i have already cancelled the giro? Or I am still insured under the main plan(w/o rider of cos) till next year upon expiry date?

Sorry for the lengthy post.
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Old 01-12-2016, 11:42 PM   #198
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New premiums announced for Prudential shield...
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Old 02-12-2016, 06:28 PM   #199
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The company will base their decision on the health declaration that you make during application. They will not send you down for check up.
Hmm.....what happens if a claim occurs?
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Old 02-12-2016, 06:51 PM   #200
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Hmm.....what happens if a claim occurs?
It depends what kind of claims. It is best to declare claims and let the underwriter decides.
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Old 02-12-2016, 07:00 PM   #201
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It depends what kind of claims. It is best to declare claims and let the underwriter decides.
Do insurance companies bother about customers that make claims after 3 or 5 years of no claim?
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Old 02-12-2016, 10:59 PM   #202
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Do insurance companies bother about customers that make claims after 3 or 5 years of no claim?
When comes to claims, company are very particular. So this is why I advised to declare any claims experiences before.
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Old 04-12-2016, 12:03 AM   #203
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Hi TS, Prices for GE and AIA is wrong from 51 yr old onwards. your cash outlay is correct buy premiums wrong.
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Old 04-12-2016, 12:13 PM   #204
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When comes to claims, company are very particular. So this is why I advised to declare any claims experiences before.
Agree, that's why if there's no need to choose a doctor, the basic medishield life for C/B2 ward is good enough.
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Old 05-12-2016, 09:49 AM   #205
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Hi TS, Prices for GE and AIA is wrong from 51 yr old onwards. your cash outlay is correct buy premiums wrong.
Thank u for the feedback. I will update the excel once I have the time. I will also include the latest pricing by insurers
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Old 06-12-2016, 04:48 PM   #206
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Hm... My Aviva plan increase so much. Need to top up $48 cash now as the $300 cap is exceeded.. Hopefully the government can look at this and increase the cap.
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Old 07-12-2016, 10:29 PM   #207
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My humble take on private health shield:

Insurers don't earn much from health shield, but they leverage on volume to make up the risk and lower revenue; they prefer you buy sell Whole Life, Endow and ILPs.

You want to GTFO of hospital ASAP, not stay there to enjoy aircon, TVs & privacy, thereby incurring unnecessary costs.
Therefore, one should opt for at most B2 wards, save the $$$ from paying high premiums for other medical costs incurred.

Take it as DEFAULT that premiums will increase every 2 years at a X% rate and work up your costs till 40 years old. Why 40? Because that is the age with the highest possibility of getting retrenched with 6 to 12 months without income.

Calculate the costs from Age 41 to 70, without govt subsidy, assuming you are earning at 50% of your last drawn pay at age 40.
If you are young, assume you have pay rise at 3% per annum till age 40.

After factoring all these risks, the $$$ you save from getting the cheapest possible healthshield should be able to cover the extra medical costs; this is of course taking into account that you have an effective Term Plan and discipline to consistently save $$$.

And one last thing, always stick with local insurers. You will never know foreign insurers will still be around or play punk in this climate of uncertainties.
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Old 09-12-2016, 04:39 PM   #208
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Hi all,

Personal bad claim experience with AIA and my scenario applies for female and kids warded as private patient in KKH. BE WARNED!!

KKH will impose a general admin fee of $17.12 ($16 + 1.12 GST) for all patients that are claiming insurance per hospitalisation. But they absorb this charge if you are a subsidised patient. When the hospital e-filed, AIA excluded this item in the claim. I had some back and forth with KKH to ascertain this item they were sending me a bill of $17.12 for and once they confirmed what it was, I reverted to AIA. I had bought a private plan for my younger son and due to bed shortage at KKH, we had to settle for a B1 bed (For kids, this is bad as 1 noisy kid or kid crying in the middle of the night will set off a chain reaction). Final bill came up to be around $3k only for 5 nights stay, if I had webt private, they would have to pay more, so why should I pay this.

AIA then stated that admin charges were not covered under their policy. I explained that this was in bad faith as it was completely incidental to hospital stay. They say their fine print TnC. LLST.

I have emails to back me up, so am not flaming them.

GE covered this charge for my elder son's policy and after reading through AXA's plan, I believe this is covered as well for them. Not sure about rest, as they either increased rates or is NTUC (I had poor exp with their admin previously for a term plan, so never).

The amount is very small and insignificant, but it gave me added admin headache to have to pay $17.12. On top of that, the way our hospitals are run these days, what if next time my kid needs to be warded at KKH, but is placed on a lower priority because of an unpaid bill, all because AIA never pay or like how our polyclinics are run, you pay your previous outstanding then can register?

Lastly, for $17.12, you wanna flip prata already, if touch wood I got problems with bigger amounts, you flip 1 upsized murtabak, how?

I should be switching to another provider (Probably AXA, due to longer pre and post hospitalisation coverage at lower cost). Make $$ still jack up prices and flip prata! Had enough of AIA!
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Old 12-12-2016, 09:03 PM   #209
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Hi all,

Personal bad claim experience with AIA and my scenario applies for female and kids warded as private patient in KKH. BE WARNED!!

Lastly, for $17.12, you wanna flip prata already, if touch wood I got problems with bigger amounts, you flip 1 upsized murtabak, how?

I should be switching to another provider (Probably AXA, due to longer pre and post hospitalisation coverage at lower cost). Make $$ still jack up prices and flip prata! Had enough of AIA!
Bro, you can't switch if there is medical history and insurance companies know that consumers are at their mercy; Don't expect good service from them.

I can understand your frustrations.
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Old 12-12-2016, 11:22 PM   #210
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Think should consider insurer in the black which mean good cost controls plus non negative claim experience and perhaps local.

Only 1 if based on above. Any thoughts?

http://www.businesstimes.com.sg/bank...ers#xtor=CS1-3
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