With AIA premium increase by 100+ again, is it still worth it?

[decibel.]

The rider for hospitalization plan when I started is only 600+ but it raised to 800 few years back now increase again.

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[exterminazn]

U sure is not because your age band is different now?

 

[decibel.]

U sure is not because your age band is different now?

No I'm still in same age band that's why it's not feeling good given that they only just increased not long ago.

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[winthony]

It depends actually. If you are on the 100% coverage ISP, whichever provider you go now you will be subjected to co-payment/co-insurance even with rider.

Now if you are ok with that, the other pre-req is that you do not have any preexisting else it would be an issue!

If you are comfortable with forking out certain amount of $ in the event of hospitalisation and you are healthy, there are plenty of options for you

 

[decibel.]

It depends actually. If you are on the 100% coverage ISP, whichever provider you go now you will be subjected to co-payment/co-insurance even with rider.

Now if you are ok with that, the other pre-req is that you do not have any preexisting else it would be an issue!

If you are comfortable with forking out certain amount of $ in the event of hospitalisation and you are healthy, there are plenty of options for you

Yeah I'm still on 100% one of the main reason I didn't change but it seems like AIA just happily leverage on that fact to keep increasing premium?

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[SBC]

Had you said thanks to Gov?

 

[reddevil0728]

Yeah I'm still on 100% one of the main reason I didn't change but it seems like AIA just happily leverage on that fact to keep increasing premium?

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I don't think is just AIA.

 

[The_Davis]

Where did you see the increase?? I thought just got increase a couple of months back?

 

[decibel.]

I don't think is just AIA.

I didn't check on other providers but if that's the case then
everyone is just going to take advantage of the situation.

Where did you see the increase?? I thought just got increase a couple of months back?

Max Essential A rider. My premium is due end of year. The last increase I had was 1 or 2 years back when everyone still on 100%. And my age band is still the same. All citing increased hospital costs. Now is close to 1k

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[reddevil0728]

I didn't check on other providers but if that's the case then
everyone is just going to take advantage of the situation.


Max Essential A rider. My premium is due end of year. The last increase I had was 1 or 2 years back when everyone still on 100%. And my age band is still the same. All citing increased hospital costs. Now is close to 1k

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https://www.channelnewsasia.com/new...-increase-review-higher-claim-limits-13160128

 

[The_Davis]

I didn't check on other providers but if that's the case then
everyone is just going to take advantage of the situation.


Max Essential A rider. My premium is due end of year. The last increase I had was 1 or 2 years back when everyone still on 100%. And my age band is still the same. All citing increased hospital costs. Now is close to 1k

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Makes sense. I had received this about 1 month prior to my premium payment.

I am on HSG max a. Premium jump alot also (

 

[exterminazn]

U can downgrade lo if find it expensive

Otherwise just cancel the whole thing

 

[exterminazn]

Had you said thanks to Gov?

Why is it gov?

 

[xtwis7]

There’s always the option to switch to the 5% copay plans.

 

[reddevil0728]

Why is it gov?

Refer to the link I posted

 

[decibel.]

https://www.channelnewsasia.com/new...-increase-review-higher-claim-limits-13160128

That's medishield life increase. My cash component increase as well.

Makes sense. I had received this about 1 month prior to my premium payment.

I am on HSG max a. Premium jump alot also (

So you keeping it?

There’s always the option to switch to the 5% copay plans.

Worth it meh? 5% co pay like quite heavy?

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[winthony]

That's medishield life increase. My cash component increase as well.


So you keeping it?


Worth it meh? 5% co pay like quite heavy?

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If you have a rider, it would be capped at $3k annually so your max out of cost annually would be $3k for medical cost if there is any unfortunate event

 

[exterminazn]

Refer to the link I posted

Don’t mislead others, that’s on Medishield life and not isp

 

[Stallone]

thats the problem with insurance

when u need it most during ur 60s, u likely cant even afford the premium


so wad's the pt of paying the past 30yrs then?

 

[elmohootbigbird]

same la. i am on 100% with income. every damn yr up iirc.