MediShield Life vs private

[foxer77]

Before this implementation of Medishield Life im already with NTUC Enhances income shield. Currently, both side are doing the deduction on my cpf. I was still think whether to cancel off the NTUC insurance since im not on rider.

Any pro & Con?

 

[computers70]

Before this implementation of Medishield Life im already with NTUC Enhances income shield. Currently, both side are doing the deduction on my cpf. I was still think whether to cancel off the NTUC insurance since im not on rider.

Any pro & Con?

there is co insurance and deductible, please call up the guy who sold you.
https://www.moh.gov.sg/content/moh_...lans/about-integrated-shield-plans--ips-.html

 

[lzydata]

The main benefit of Enhanced IncomeShield over Medishield Life is that it is an as-charged plan whereas Medishield Life has claim limits for the various treatments. There is also a pro-ration factor for Medishield Life that applies for ward class B2+ and above. Particularly if you are still young, the additional premium payable is quite affordable IMO.

https://www.moh.gov.sg/content/moh_...medishield-life/medishield-life-benefits.html
http://www.income.com.sg/insurance/...ld/details/coverage-for-enhanced-incomeshield

Of course, please also ask your NTUC Income agent.

 

[chopra]

this is not double insurance.
i repeat. it is not.

do not cancel without understanding the meaning of the word "integrated" (shieldplan).

p/s: MOH and CPF have alot of work to do. they are failing to educate ppl on these necessary info. the way ALL insurance coys are providing the breakdown of how the premium is paid to medishield and their coy is also super confusing even to a trained person.

 

[akwl88]

Nov 15, 2015 at 9:33am me200, candy188, and 1 more like this
Reply
Quote
Post Options
Post by oldman on Nov 15, 2015 at 9:33am
As I am now a consumer of healthcare insurance, what I am learning about insurance companies scares me even more. I was in hospital for a few weeks in Oct and chalked up a bill of well over $100,000, which I had to pay out of my own pocket first. I blamed the hospital for being too kiasu by getting money from me first.

Then, a letter from the insurance company arrived and stating that they will not be paying anything until my oncologist replies to their list of questions. The insurance company tells that this process can easily take another 10 weeks! I then called my oncologist who kindly filled up the list of questionaire and sent it back to the insurance company. Let me see whether the insurance company finds other ways of dragging its feet.

Of course no one wants to stay in hospital for a few weeks unless he is very sick! Glad to say, I am now on the road to recovery ... but have still to sort out these insurance issues which I previously thought will be transparent to me. How wrong I was!

For those with private health insurance cover, be aware.... your policy may require you to have a few hundred thousand dollars sitting idle in the bank..... yes, this is not mentioned even in the fine print and certainly will not be mentioned by your insurance agent!

At best, if you have private healthcare insurance and intend to make use of the private hospitals or approved clinics, you should view your insurance plan as a reimbursement plan.... you have to pay upfront first and your insurance company hopefully will pay you back ( yes, there will be clauses in your insurance plan to allow them the flexibility of reviewing all charges before paying you back). Payback time is also up to the insurance company.
Last Edit: Dec 12, 2015 at 10:20am by oldman
© Pertama.com