Getting started with insurance

[reddevil0728]

I see, most likely I am staying with that company for long term.
Should I downgrade so that when I am older, I am not so much of in a rush to see doctor because I am busy with work now. What plans is recommended for downgrade. Cause currently I can combine my own insurance with company one.

I don’t get what you mean “not so much in a rush to see doctor”

intend to stay with that company for long term doesn’t mean you will.

and it also doesn’t mean there’s the scenario where they let you go or they change their plan.

I’ll say go for government a class for personal.

and which we company you go for that provides private that’s a bonus

 

[twinbaby]

I compared the highest coverage in the public hospital using this site.

It seems to me private payment is about 35% more than the highest coverage in public

 

[reddevil0728]

I compared the highest coverage in the public hospital using this site.

It seems to me private payment is about 35% more than the highest coverage in public

Which site?

yea not surprised when ppl gets to eat lobster in private hospital

 

[twinbaby]

Which site?

yea not surprised when ppl gets to eat lobster in private hospital

https://buy.prudential.com.sg/d2c/estimation
Here we can do our own estimation.

If we eat lobster the claim based pricing confirm will go up to very high
Best to choose from those panel doctor

I have just did a quick check.
Imagine at age 63 I have to fork out $5000 a year in hospitalisation insurance.
Not sure if it is sustainable for me.

Whereas if I choose public hospital it is only 40% of the required ost.

 

[reddevil0728]

https://buy.prudential.com.sg/d2c/estimation
Here we can do our own estimation.

If we eat lobster the claim based pricing confirm will go up to very high
Best to choose from those panel doctor

I have just did a quick check.
Imagine at age 63 I have to fork out $5000 a year in hospitalisation insurance.
Not sure if it is sustainable for me.

Do you really need private hosp or government A is good enough?

 

[twinbaby]

Do you really need private hosp or government A is good enough?

I think private hospital of cost of comfortable, but the cost may not be well justified because their equipment is much lesser than public hospital.
Furthermore if public hospital plan still can go private hospital, just that there is some copay amount.

 

[reddevil0728]

I think private hospital of cost of comfortable, but the cost may not be well justified because their equipment is much lesser than public hospital.
Furthermore if public hospital plan still can go private hospital, just that there is some copay amount.

Then you answered your own qns

 

[twinbaby]

Still trying to evaluate:


There are things from the private which I like:

Pros if I still with the best pru plan:
Short waiting time for specialist
Choose any doctor I like
Can go for cancer treatment and dialysis treatment

Cons if I stick with best pru plan:
If I choose government potentially long waiting time, like months
I don't need TCM treatment worth $5000 cover a year
I don't need Personal Accident Coverage (I can buy from FWD) - about $80 (coverage is wider)
I don't need them to help me book doctor, I can DIY and see for myself


Anyone can help to
1) calculate Class A and Best Pru Plan (the 100%) in my life time how much I have to pay?
2) Does the benefit for dialysis and cancer treatment still stays?
3) How many percent more I need to pay if I go private for treatment using government A plan?

I see the 100% Private coverage plan when reach 60 70 80s the the yearly premium is like 5 digit per year.

 

[reddevil0728]

Still trying to evaluate:


There are things from the private which I like:

Pros if I still with the best pru plan:
Short waiting time for specialist
Choose any doctor I like
Can go for cancer treatment and dialysis treatment

Cons if I stick with best pru plan:
If I choose government potentially long waiting time, like months
I don't need TCM treatment worth $5000 cover a year
I don't need Personal Accident Coverage (I can buy from FWD) - about $80 (coverage is wider)
I don't need them to help me book doctor, I can DIY and see for myself


Anyone can help to
1) calculate Class A and Best Pru Plan (the 100%) in my life time how much I have to pay?
2) Does the benefit for dialysis and cancer treatment still stays?
3) How many percent more I need to pay if I go private for treatment using government A plan?

Actually government A you are like a private patient in a government setting.

you can technically choose any doctor you like in the public sector, and tbh it might be a misconception that private means better.

also waiting time for government A is also shorter unlike subsidised patients

 

[twinbaby]

Actually government A you are like a private patient in a government setting.

you can technically choose any doctor you like in the public sector, and tbh it might be a misconception that private means better.

also waiting time for government A is also shorter unlike subsidised patients

I see, can I clarify if I choose government A, does it mean I can skip the polyclinic consultation route and go directly to their panel and book their time.
How do I choose the doctor the polyclinic doctor already choose for us? I don't get it.

I was looking at

Plus​

• Public Hospitals
• Single-bedded Ward
• Choice of Doctor from Public Hospitals

• Pre-Hospitalisation Treatment for up to 180 days preceding confinement or day surgery (As Charged)
• Post-Hospitalisation Treatment within 365 days after Confinement or Day Surgery (As Charged)
• Annual Claim Limit of $600,000
• Lifetime Cover
• Deductible of $1,500 - $3,500
• Co-insurance of 10%

 

[reddevil0728]

I see, can I clarify if I choose government A, does it mean I can skip the polyclinic consultation route and go directly to their panel and book their time.

Yes. But same like private hosp, you only get to claim if you are going to be hospitalised or day surgery

How do I choose the doctor the polyclinic doctor already choose for us? I don't get it.

You don’t need to go polyclinic if you are certain you are going to be hospitalised or day surgery when you see the specialist. If not integrated shield plan be it private or Govt A doesn’t cover anyway.

I was looking at

Plus​

• Public Hospitals
• Single-bedded Ward
• Choice of Doctor from Public Hospitals
• Pre-Hospitalisation Treatment for up to 180 days preceding confinement or day surgery (As Charged)
• Post-Hospitalisation Treatment within 365 days after Confinement or Day Surgery (As Charged)
• Annual Claim Limit of $600,000
• Lifetime Cover
• Deductible of $1,500 - $3,500
• Co-insurance of 10%

What about it?

 

[twinbaby]

Yes. But same like private hosp, you only get to claim if you are going to be hospitalised or day surgery

You don’t need to go polyclinic if you are certain you are going to be hospitalised or day surgery when you see the specialist. If not integrated shield plan be it private or Govt A doesn’t cover anyway.

What about it?

I might as well take private A ward.
I see the dialysis and chemotherapy is as charged.
Price at 65 is double for the main plan and co pay part.
Might as well take the extra money go and invest.

 

[reddevil0728]

I might as well take private A ward.

Do you mean government A?

I see the dialysis and chemotherapy is as charged.
Price at 65 is double for the main plan and co pay part.
Might as well take the extra money go and invest.

Well, different strokes for different folks, really up to you. Nobody will can decide for you.

anyway there’s such thing call “self insured”

 

[twinbaby]

Do you mean government A?

Well, different strokes for different folks, really up to you. Nobody will can decide for you.

anyway there’s such thing call “self insured”

Government A

 

[reddevil0728]

Government A

I see.

Do you consider yourself to be generally healthy and if you family history is generally no terminal illness?

 

[twinbaby]

I see.

Do you consider yourself to be generally healthy and if you family history is generally no terminal illness?

I am not generally healthy, at my 30s I claim like 5 times for a day surgery already.
My immediate family member parents don't have diabetes, high blood pressure and heart issue.
Going for A ward shouldn't cause much inconvience right? Except a lesser pool to choose from.
Anyway government hospital should have more modern faciliteis.
Still can go private but I believe the claim will be lesser.

 

[reddevil0728]

I am not generally healthy, at my 30s I claim like 5 times for a day surgery already.
My immediate family member parents don't have diabetes, high blood pressure and heart issue.
Going for A ward shouldn't cause much inconvience right? Except a lesser pool to choose from.
Anyway government hospital should have more modern faciliteis.
Still can go private but I believe the claim will be lesser.

The argument for private shield plan is so that in future when you are older and when premium gets too out of hand, downgrading is easier as you wouldn’t be subject to any exclusion, unlike upgrading.

Hence I asked if you are generally healthy and if your family has a history of medical issue. For people who are generally healthy and have no family history of medical issues, might be worth downgrading as it isn’t worth paying premium for others to eat lobster. But if that’s not the case, then is about whether you fancy private.

In any case, you are right about modern facilities. I’ll add on further that, I’ll say the good thing about private is yes, you literally have more doctors to choose from, i.e., all government + the insurer’s panel (you can go non-panel but there are other conditions). You may get better and more attentive service, and maybe faster than being a private patient at government (not always the case). But the food pretty much ends there.

Private specialists doesn’t mean they are better. They are just better at doing business.

government specialists have mandated further research and development requirements, hence they will almost always be at the forefront of medical advancement, and government specialists are always the last resort, I.e., private specialists can’t treat you will be directed to public hospital.

in public hospital, you will literally have the entire army to take care of you, if your specialist can’t figure, he/she can crowd source. May not really be the case for private.

there’s also misconception of government being always slow, which I have mentioned above. That’s the case for subsidised, but private patient is different.

so I’ll say, might be worth just getting public A class for personal insurance, and if your company Provides private insurance, that’s the added benefit.

 

[twinbaby]

The argument for private shield plan is so that in future when you are older and when premium gets too out of hand, downgrading is easier as you wouldn’t be subject to any exclusion, unlike upgrading.

[..]

Food as long as it is 7/10 can already. I eat to live not live to eat.
TCM and Personal accident is no need for me.
Claim based pricing is a gimmick to me ( am I right to say if I go A ward there is no claim based pricing?
Most importantly, I will have a peace of mind to know that I am not paying for what I don't need.

I only concern the government hospital the way they treat is uncomfortable.
I recalled I do nasoendoscopy at private versus public ward.
The public one done by intern is the thick black long tube that goes all the way down to the throat, the private one is a lot more comfortable. Again it is depends on the type of condition we have.

Also in short term wise, if my coy got private insurer, the balance I still can combined with goverment A insurance right.

For now the difference is not as wide when I reach my 40s. When I reach my 60s 70s the percent difference can be as much as 60% to 70%, might as well use that money go and invest.

 

[reddevil0728]

Food as long as it is 7/10 can already. I eat to live not live to eat.
TCM and Personal accident is no need for me.
Most importantly, I will have a peace of mind to know that I am not paying for what I don't need.

You are talking about medial (hospitalisation & surgical / intergrated shield plan) right? not personal accident. personal accident is a separate thing. i believe even for government A class, will have TCM (depending on insurer) just maybe lower limit.

I only concern the government hospital the way they treat is uncomfortable.
I recalled I do nasoendoscopy at private versus public ward.
The public one done by intern is the thick black long tube that goes all the way down to the throat, the private one is a lot more comfortable. Again it is depends on the type of condition we have.

not intern la. but rather new doctor. but that's the case if you are subsidised patient, but private patient in government, the specialist will do it himself/herself.

Also in short term wise, if my coy got private insurer, the balance I still can combined with goverment A insurance right.

yep. always claim from coy insurance first.

 

[twinbaby]

You are talking about medial (hospitalisation & surgical / intergrated shield plan) right? not personal accident. personal accident is a separate thing. i believe even for government A class, will have TCM (depending on insurer) just maybe lower limit.

not intern la. but rather new doctor. but that's the case if you are subsidised patient, but private patient in government, the specialist will do it himself/herself.

yep. always claim from coy insurance first.

my 100% old plan got personal accident coverage. The new copay one don't have.
I double check already, government A pru copay plus don't have TCM for Pru.
The claim based pricing is really a gimmick, I recalled even when I go up 1 level the rider premium is already double the original price. If I am at level 3 it will take 2 years to go down to level 1.
I feel it is not worth it.