Basic Medishield, good enough for you?

[dendii]

Life threatening cases, patient will likely be treated asap. You will be sent to the nearest government hospital. So in terms of consideration, this is pretty much covered no issues.

However, if you have other issues thats not life threatening, from my own experience, waiting period can take months.

Go polyclinic wait a few hours. Referred to specialist, can take weeks or months (Mine was approximiately 2 months).

Specialist see you already, schedule you for further scans if necessary. This can be within the day itself but probably wait another few hours. Be prepared to spend your morning and afternoon at the hospital.

If operation is needed, they will schedule you accordingly. Another few weeks or 1-2 months.

This was my personal experience before becoming an agent for treatment of my back problem. (Back issues apparantly is extremely common here in Singapore).

And mind you, all the while the pain is still there and you can only find alternatives to minimize it. For my case it was visiting TCMs.

End of the day, the decision is up to you but base on my own experience and from other my other clients as well (Age range from early 20s to late 40s), those who took up government coverage initially will eventually switch out to private and wished they had done so.

If I am not mistaken, for real A&E, the standard protocol is to send the patient to the nearest govt hospital. If its life threatening situation, response will be almost immediate.

Now for non-life threatening situations, having treatment at govt hospital needs a lot of patience and time.

 

[dendii]

But to add on, I did notice that many older generation people are fine with government and staying in B2 or C wards.

I suppose they are not as pampered as the younger generation so they are fine, plus with the extra premium they need to fork out and their perception of money is different.

 

[xdemolicx]

Moi ish gt do slip disc surgery b4 after going through army.. Ish bout e same riddat lo. Mine was at nuh though. I see my fren go mount e rike chop chop settled reh sumtimes wan dont believe private better aso jin hard. I see my fren shoulder gt prob one go mount e also few days ward operation thn rest n recover chop chop.

Here poor really canot Life ish tough

 

[xdemolicx]

M rookin for an ntuc agent though to help my dad upgrade his hospital plan.

Moi ish don rike ntuc but my dad canot switch riao since he gt do sum stomach surgery b4 thn will hav exclusion.

Pls pm moi.

 

[OngHuatHuat]

I am looking for a female prudential agent to purchase a policy for my wife. Please pm moi too.

 

[xdemolicx]

Yyh kor kor ish rookin for chio big (.)(.) prudential xmm?

I am looking for a female prudential agent to purchase a policy for my wife. Please pm moi too.

 

[OngHuatHuat]

For my wife, not for me.

Yyh kor kor ish rookin for chio big (.)(.) prudential xmm?

 

[windwaver]

For my wife, not for me.

Prudential's Medishield looks reasonable. Anybody has bad claim experience with them?

 

[OngHuatHuat]

I claim once, very efficient, so wanna stick with them.

Prudential's Medishield looks reasonable. Anybody has bad claim experience with them?

 

[yanbros]

I claim once, very efficient, so wanna stick with them.

Prudential claim is very quick. Once final bill out, can get the claim approved almost the same day.

 

[SunnyStall]

But to add on, I did notice that many older generation people are fine with government and staying in B2 or C wards.

I suppose they are not as pampered as the younger generation so they are fine, plus with the extra premium they need to fork out and their perception of money is different.

Downgrade to C wards better, if seeking treatment in overseas hospitals? I am still thinking should do so since old age might not afford staying here.

 

[frenchbriefs]

This situation is because the insurance companies have no financial incentive to pay out claims. The longer they can delay in paying out, or not pay out at all, the better for their bottom line. Hence, they are not going to be particularly hardworking to speed up the payout process. There is therefore an element of self-interest here.

Although customers can always sue the insurer to compel them to pay out, most lay people do not have the financial means or ability to fight a large insurer.

To equalise the playing field, there should be put in a place a system that financially penalises insurers if they anyhow reject a claim without due dilligence. So if say, for example, the insurer anyhow rejects a $100 claim from a customer, and later it is found by the court that the claim was valid, the insurer should pay 2X, 5X or even 10X the claim as a financial penalty. This will give the insurer some incentive to get their act together than to play the delay/reject game.

i dont think the insurance company cares if they have to pay out 2x 5x or even 10x the claim,insurance companies operate on odds like casinos and lotteries and totos and scratchoff tickets,yes occasionally they have to pay someone 10x bonus,but their goal is to make sure 90 percent of you lose,just look at the back of a $10 scratchie in UK or US,the probability of winning 4x ur money is like 1 in 22,the odds of winning 10x ur money is like 1 in 75,the odds of winning 50x ur money is 1 in thousands.u have to like spend $750 on average for a chance to win $100....basically bleeding money out of ur asshole.thats why basic cheap insurance is more than good enough,insurance just like the lottery is a losing game....the more money u spend the more u lose,the barebones insurance policy will do.

why do u think warren buffet owns geico?these insurance companies have gigantic floats or cash reserves from all the premiums thats coming in and all the claims they reject every years,every year their float grows by billions upon billions.

lets say one out of ten of the reject claims victim find the balls to sue the insurance pool,remember most people who buy lots of insurance are broke as ****,they just hoping some $200 insurance premium can save their ass and rely on these **** ass scum bag insurance companies or the government,not me,im young,the probability of me dying or having critical illness or disease is very low thats why insurance premiums from young people are usually very low,however im highly aggressive with my savings and investing,i save and invest at least 70 percent of my income each month,im not going to hope some insurance company or the government save my ass.if im not a millionaire by 35 and financially secure from any catastrophe be it medical or loss of employment,i deem myself a financial failure.

alright back to the story.....lets say one of ten people sue the insurance pool.by the time they manage to sift thru all the terms and conditions and clauses protecting the companies' ass and fight thru their horde of lawyers,the number of lawsuits won might be 1 out of 10 or worst.remember these insurance companies are juggernauts and have a lifetime experience fighting clients.the last thing u want on ur mind is whether ur insurance company will screw u every step of the way and whether u are getting the best treatment possible.

i would sign up for obamacare if possible but unfortunately my country doesnt believe in socialized medicine like canada,australia or scandinavian countries.

 

[seniorcare]

i heard that aviva no more free medishield for the children even if parents are all with aviva?
was thinking of switching to aviva to get free myshield for my kids, but heard the bad news that no more free myself for kids

 

[windwaver]

insurance companies operate on odds like casinos and lotteries and totos and scratchoff tickets. thats why basic cheap insurance is more than good enough,insurance just like the lottery is a losing game....the more money u spend the more u lose,the barebones insurance policy will do.

these insurance companies have gigantic floats or cash reserves from all the premiums thats coming in and all the claims they reject every years,every year their float grows by billions upon billions.

I think the concern is whether medisave will be sufficient when one needs it. Maybe the ministry can look into further expending the claimable amount based on a ratio of how much medisave is available.

 

[Mr.Canberra]

Most Singaporeans are over insured.

Personal opinion is the basic Medishield Life is good enough. I stayed in a standard Ward Class B2 (5 or 6-bedded) before. Not as bad as many have complained. Those who complained are too fussy and probably mostly stayed in a landed or private property hahaha.

If one is working full time then normally the free hospitalisation insurance provided by your employer is good enough. Not a single cent out from own pocket.

When I get older and unable to travel often I will purposely find a relax but low paid job that has free hospitalisation insurance and medical benefits. Just to pass time, earn some living expenses and trade Forex.

 

[TTFUUU]

Question. Does the premium increase with age band ? So what are the benefits of signing up for pte shield plan at 20 years old vs 40 years old. Assuming no medical problems at 40 years old

 

[dendii]

Yes it increases with age band. Assuming really no medical problems at all then you are saving up all the premiums you would have paid from 20 till you are 40.

Reason people get it early is so that in cases of medical problems, there isn't any exclusion from their hospital plan and they are able to get the full coverage.

Question. Does the premium increase with age band ? So what are the benefits of signing up for pte shield plan at 20 years old vs 40 years old. Assuming no medical problems at 40 years old