Hospitalisation Plan for Newborn

[micgoh]

Hi, am considering taking up an IP for my grandson ,who is a newborn. my son is also looking at it.

through all the friends and relatives recommendation, we were told GE Supremehealth P + Classic P or Elite P is the way to go. If not, AIA Healthshield Max Gold + Vitalhealth .

However what we cannot understand are the deductibles . we understand from an agent (happen to passby) one of those booth at the bus interchange is that, there is a $2000 we need to pay AIA should the grandson admits to Private hospital on 2nd year onward.

Is this normal for all IPs? Great Eastern , or any other providers?

would appreciate if anyone can share what are the practical IPs + riders in the market that most people choose for newborns , as really would like to understand this better. thank you in advance

 

[Value.Matrix]

Hi, am considering taking up an IP for my grandson ,who is a newborn. my son is also looking at it.

through all the friends and relatives recommendation, we were told GE Supremehealth P + Classic P or Elite P is the way to go. If not, AIA Healthshield Max Gold + Vitalhealth .

However what we cannot understand are the deductibles . we understand from an agent (happen to passby) one of those booth at the bus interchange is that, there is a $2000 we need to pay AIA should the grandson admits to Private hospital on 2nd year onward.

Is this normal for all IPs? Great Eastern , or any other providers?

would appreciate if anyone can share what are the practical IPs + riders in the market that most people choose for newborns , as really would like to understand this better. thank you in advance

There is no rider that cover 100% now for New plans issued. The $2,000 is the yearly deductible required (which can be paid by medisave). The rider you pay will cover co-insurance, less $2,000 (which is the deductible). For government hospital, A-Class is $1,500 if my memory serves me right.

Only selected providers for already bought plans have 100% riders, but those are also expensive in terms of premiums.

Anyway, most IP plans are similar, so just look at the difference of what you wish to cover, pay the premiums accordingly.

 

[boredboiboi]

Hi, am considering taking up an IP for my grandson ,who is a newborn. my son is also looking at it.

through all the friends and relatives recommendation, we were told GE Supremehealth P + Classic P or Elite P is the way to go. If not, AIA Healthshield Max Gold + Vitalhealth .

However what we cannot understand are the deductibles . we understand from an agent (happen to passby) one of those booth at the bus interchange is that, there is a $2000 we need to pay AIA should the grandson admits to Private hospital on 2nd year onward.

Is this normal for all IPs? Great Eastern , or any other providers?

would appreciate if anyone can share what are the practical IPs + riders in the market that most people choose for newborns , as really would like to understand this better. thank you in advance

From what i know, The $2000 is only for aia for their private hospital plan, not a deductible.The $2000 will be reset if u continuously never hospitalized for 3 years. Hope this helps. For my baby i bought ntuc income.

 

[micgoh]

From what i know, The $2000 is only for aia for their private hospital plan, not a deductible.The $2000 will be reset if u continuously never hospitalized for 3 years. Hope this helps. For my baby i bought ntuc income.

Yes this is what the AIA agent told me at the booth. I dont quite understand what this $2k is meant for . because im thinking if i paid for the IP , and paid for the rider. from my understanding, if anything occurs, i am required to pay 5% of the total bill size even at private. how come i still need to pay $2000 extra on top of the 5% to AIA?

 

[reddevil0728]

Yes this is what the AIA agent told me at the booth. I dont quite understand what this $2k is meant for . because im thinking if i paid for the IP , and paid for the rider. from my understanding, if anything occurs, i am required to pay 5% of the total bill size even at private. how come i still need to pay $2000 extra on top of the 5% to AIA?

Which agent do you plan to get assistance with this?

 

[micgoh]

im making a comparison between GE Supremehealth and AIA gold max. havent look into ntuc despite several neighbours telling me they bought that for their grandchildren

 

[reddevil0728]

im making a comparison between GE Supremehealth and AIA gold max. havent look into ntuc despite several neighbours telling me they bought that for their grandchildren

Might want to consider getting an IFA, who can help to compare across.

 

[boredboiboi]

Yes this is what the AIA agent told me at the booth. I dont quite understand what this $2k is meant for . because im thinking if i paid for the IP , and paid for the rider. from my understanding, if anything occurs, i am required to pay 5% of the total bill size even at private. how come i still need to pay $2000 extra on top of the 5% to AIA?

Its something that they don’t encourage you to go private the clause is on the form. Many dont know that actually. But at least the agent is honest with you thats for sure.

 

[micgoh]

anybody to recommend pls?

 

[micgoh]

Its something that they don’t encourage you to go private the clause is on the form. Many dont know that actually. But at least the agent is honest with you thats for sure.

so is ask me buy the private plan but dont use the plan on private? .....wah

 

[boredboiboi]

so is ask me buy the private plan but dont use the plan on private? .....wah

Use 1 year. 3 year dont use then will reset. I can sell ntuc, singlife, raffles shield, axa and aia hospital =)
But i dont really compare them as they tnC keep changing. And as mentioned previously i get ntuc up to private for my son

 

[micgoh]

Use 1 year. 3 year dont use then will reset. I can sell ntuc, singlife, raffles shield, axa and aia hospital =)
But i dont really compare them as they tnC keep changing. And as mentioned previously i get ntuc up to private for my son

may i check w you, is it enhanced income shield and dulexe rider?

 

[exterminazn]

Isp abit hard to compare

nonetheless if keen on GE, feel free to look for me

cheers!

 

[boredboiboi]

may i check w you, is it enhanced income shield and dulexe rider?

Yup.

 

[micgoh]

Isp abit hard to compare

nonetheless if keen on GE, feel free to look for me

cheers!

Hi, i was looking through the forum and was thinking if for newborn, a supreme B + classic rider B would be sufficient? perhaps you could guide me through this as im also looking at GE.

 

[BBCWatcher]

Hi, i was looking through the forum and was thinking if for newborn, a supreme B + classic rider B would be sufficient? perhaps you could guide me through this as im also looking at GE.

Sure, assuming it's a newborn Singaporean citizen specifically. (That plan isn't available to non-citizen newborns.) SupremeHealth B Plus with the Classic Rider is well designed to cover care in pubic hospital B1 ward. In my view for Singaporean citizens it's essentially tied for best in class with Singlife's "as charged" public hospital B1 ward plan (MyShield Plan 3 with optional rider).

Yes, I think it's a perfectly fine choice.

 

[exterminazn]

Hi, i was looking through the forum and was thinking if for newborn, a supreme B + classic rider B would be sufficient? perhaps you could guide me through this as im also looking at GE.

This is the minimal coverage you can consider

 

[Signager]

Hello Is ntuc hospital plan with classic care rider recommended for new born baby?

 

[boredboiboi]

Hello Is ntuc hospital plan with classic care rider recommended for new born baby?

I would say every insurers hospital plan works. For baby recommended is to get them covered as soon as possible be it any plan.
Personally myself i get ntuc up to private with deluxe rider

 

[BBCWatcher]

This is the minimal coverage you can consider

That’s not factually true. There are also Standard Plan and no Integrated Shield plan (MediShield Life only) choices available, i.e. two coverage levels below “as charged” B1 plans. I think there’s a reasonable argument that an “as charged” public hospital B1 ward Integrated Shield plan is a legitimate insurance necessity for most people — not (for example) for wealthy families who can afford to self-insure — but that’s a different assertion.

Hello Is ntuc hospital plan with classic care rider recommended for new born baby?

I think some other carriers offer better coverage than NTUC Income does. “Shop around.”