Incomeshield plan B vs incomeshield standard?

[martin]

I am currently on plan B. Received a letter from Income with the option to convert to standard plan. After comparing the two, it seems I have no reason to switch. Premium for standard is slightly higher and the benefits also have lower limits.

Just want to hear from those who are in the same situation as me or are knowledgeable about the two, is my understanding correct? Have I missed something important?

 

[peaceone]

Recently I just request an upgrade for my son's plan B to enhanced basic plus rider. Think you must well go a step further for an enhanced type which my insurance agent always encourage me to do so. Benefit claim 'as charged' and pre/post 90days hospitalization bills.

 

[C Justice]

I am currently on plan B. Received a letter from Income with the option to convert to standard plan. After comparing the two, it seems I have no reason to switch. Premium for standard is slightly higher and the benefits also have lower limits.

Just want to hear from those who are in the same situation as me or are knowledgeable about the two, is my understanding correct? Have I missed something important?

My Parents is in the same situation as u. If u look at the attached comparison table, except for the pre & post hospitalisation benefit and immunotherapy, the rest seems to be an upgrade.

 

[qhong61]

My Parents is in the same situation as u. If u look at the attached comparison table, except for the pre & post hospitalisation benefit and immunotherapy, the rest seems to be an upgrade.

Stay at community hosp has a lower claim limit.

 

[martin]

My Parents is in the same situation as u. If u look at the attached comparison table, except for the pre & post hospitalisation benefit and immunotherapy, the rest seems to be an upgrade.

I do not quite understand the part about pro-ration. What does pro-ration mean? Under standard plan , pro-ration does not apply for most class wards. Is this supposed to be good or bad for me?

 

[dker333]

One important thing to note is that kidney dialysis is not available at government restructured hospitals and are only available at Voluntary Welfare Organisations (VWOs) such as NKF or at private healthcare institutions. NKF also accepts patients after means testing taking into account your income, property value etc.

So if you don't qualify for treatment at VWOs, you are subjected to a pro-ration factor of 50% when doing dialysis at private healthcare institutions. Something that Plan B will cover since there is no pro-ration factor for private.

I do not quite understand the part about pro-ration. What does pro-ration mean? Under standard plan , pro-ration does not apply for most class wards. Is this supposed to be good or bad for me?

Eg.

Kidney dialysis at private clinic = $2500 -----> Standard Plan pays $1250
Kidney dialysis at private clinic = $2500 -----> Plan B pays $2500

 

[qhong61]

One important thing to note is that kidney dialysis is not available at government restructured hospitals and are only available at Voluntary Welfare Organisations (VWOs) such as NKF or at private healthcare institutions. NKF also accepts patients after means testing taking into account your income, property value etc.

So if you don't qualify for treatment at VWOs, you are subjected to a pro-ration factor of 50% when doing dialysis at private healthcare institutions. Something that Plan B will cover since there is no pro-ration factor for private.




Eg.

Kidney dialysis at private clinic = $2500 -----> Standard Plan pays $1250
Kidney dialysis at private clinic = $2500 -----> Plan B pays $2500

Standard Plan (more expensive premium) pays lesser??

 

[martin]

One important thing to note is that kidney dialysis is not available at government restructured hospitals and are only available at Voluntary Welfare Organisations (VWOs) such as NKF or at private healthcare institutions. NKF also accepts patients after means testing taking into account your income, property value etc.

So if you don't qualify for treatment at VWOs, you are subjected to a pro-ration factor of 50% when doing dialysis at private healthcare institutions. Something that Plan B will cover since there is no pro-ration factor for private.




Eg.

Kidney dialysis at private clinic = $2500 -----> Standard Plan pays $1250
Kidney dialysis at private clinic = $2500 -----> Plan B pays $2500

Thanks for explaining. So for ward A, when it says pro-ration rate of 80%, means i have to pay 20% of the bill?

 

[dker333]

50%? Or is it 65%?

My bad. Pro-ration factor is 50% for inpatient, 65% outpatient

 

[martin]

If someone could be kind enough to enlighten me on my query above of what proration means? Does a proration limit of 80% means I pay 80% or 20% of my bill? Thanks.

 

[dker333]

If someone could be kind enough to enlighten me on my query above of what proration means? Does a proration limit of 80% means I pay 80% or 20% of my bill? Thanks.

A pro-ration factor of 80% means that the insurance company will pay 80% of your claim and you would only have to pay 20%

 

[martin]

A pro-ration factor of 80% means that the insurance company will pay 80% of your claim and you would only have to pay 20%

Thanks. Think i will stick with plan b.

 

[C Justice]

Thanks. Think i will stick with plan b.

May i know why are you giving up the opportunity to upgrade to Standard Plan without underwriting and stick to plan b?