but I cannot declare something if I am not aware of. I visited a specialist for a consultation but chose not to follow through with the investigative procedure as the pain and symptoms passed. Would that be a pre existing condition?
Yes, but whether or not the agent helps, it’s your obligation to make a truthful declaration. Yes, of course, if you have no knowledge of a medical condition then it’s not something you can report.
Answer the questions asked truthfully to the best of your ability. For example, if you’re asked “Have you experienced any pain?” then you would answer that question in the affirmative.
The pain happened during one of the most stressful period in my life for 2 months. And subsequently stopped after for like 6 months le.
You should give careful thought to whether you really ought to change insurance carriers given that any carrier change involves a pre-existing condition reset. If you're quite healthy and don't have any pre-existing conditions, that should be fine. Otherwise, a relatively minor coverage improvement isn't likely worth a pre-existing condition reset.
I disagree. You pay premiums for "zero dollar" riders. They're not free. Is a $5 or even $500 medical bill a calamity, a catastrophe? No, and you shouldn't be trying to insure against small bills in a private insurance market.
I disagree. You pay premiums for "zero dollar" riders. They're not free. Is a $5 or even $500 medical bill a calamity, a catastrophe? No, and you shouldn't be trying to insure against small bills in a private insurance market.
Insurance that has a reasonable deductible and/or co-pays, with a reasonable annual cap, is absolutely fine -- and the premiums are lower, other things being equal. Take the money you save in premiums and use it more wisely.
The one exception here is if you expect (or already are) making lots of medical claims that your "zero dollar" rider is covering, more than most people do. In that exceptional case you're winning the insurance bet, even after accounting for insurance company overheads and profits. You're a "bad risk," in other words. If you are a bad risk, then sure, it makes sense to keep winning. But this is also why you really don't want to cling to the legacy "zero dollar" riders, because the premiums are inevitably going to spike. Why? Because the bad risks will want to keep them, and low/zero claim policyholders will be chased away with the escalating premiums.
Check back in a couple years to see if my "zero dollar" rider premium prediction is accurate.
If you cannot predict that you will be a "bad risk" (have high medical claims), then you're financially better off insuring against the big hospital bills that you would find difficult or impossible to handle on your own, not small medical bills. That's premium efficient.If u can predict u won't be a bad risk, then no need to buy ISP
You're being silly again. The rule compliant riders cap annual out of pocket costs for covered services at $3,000, and that's mostly or fully MediSave payable. Practically everybody in the middle class and above can handle that, and there really is no worry. I'm all in favor of insurance as a general principle, but I'm not in favor (unless you're a "bad risk" or have special insight that you will be) of defending against $68 medical bills. That's just not financially smart, unless you're a bad risk or can predict you will be.Got govt subsidies, why worry, can afford, why worry, govt pay for it, why worry, until cannot pay then worry, my choice, you can have yours, he can have his, but dun be misled
my choice, I dun mind paying premiums over say 10 years which adds up to the 3k I would have to spend shld it be used, its partially funded by the govt anyway, subsidies I get to enjoy
Your choice if u opt to save it now and pay later, anyway PR has no choice but to pay, we have choice not to pay
End here, dun wish to waste time here.
That has happened with some carriers, yes. It's quite weird for now, but I take it as a sign that the "legacy" rider premiums are going to be increased a lot.
Upon the renewal next year?
Wait. You mean those who bought 100% rider before March 2018 can keep it permanently?
