Shield Plan

[teckgamer]

Which shield plan (Private Integrated Shield Plans for Private Hospitals) is the most affordable over the years? I would like to add riders to totally cover both my co-insurance and deductibles too. i.e I wouldnt have to pay any single cent to the hospital bill

I managed to find 'Comparison of Private Integrated Shield Plans for Private Hospitals' table. However, it does not include riders to cover both co-insurance and deductibles. http://www.moh.gov.sg/content/dam/moh_web/Healthcare_Financing/Medishield/Comparison_of_MediShield_and_Private_Integrated_Plans/2013/Comparison%20of%20IPs%20wef%201%20Mar%202013%20(Private2).pdf

Appreciate your comments, thoughts and help.

 

[teckgamer]

Anyone? or any agent willing to quote?

 

[kebinu]

Premium may be adjusted over the years. You want to compare base on current premium rate?

Search for a graph that Chopra posted and you will get what you want to see.

 

[matchy]

if u ask me...all plans are afffordable...just a matter of wan or dun wan

if not it will defeat the purpose

 

[voodooesmeralda]

Anyone? or any agent willing to quote?

The premium rates are subjected to changes, depending on claim experience and changes to medishield etc

Eg. Company A offers the lowest premium now and thus many people will buy its shield plan. This brings up the amount of claims paid out by this company and eventually it would need to adjust its rate in future adjustments either as an individual company or across whole industry. After this, company B will be the one with lowest premium and the same will happen, and this cycle continues.

As such, just choose a company which u are comfortable with and happy with the benefits etc, as getting yourself covered is the most important instead of trying so hard to compare the negligible difference in overall premiums.

 

[chopra]

update on 2-jul-2013:

 

[chopra]

Premium may be adjusted over the years. You want to compare base on current premium rate?

Search for a graph that Chopra posted and you will get what you want to see.

dude, thanks for noticing. agree with the point made here too.

 

[teckgamer]

Aviva Plan riders (Plan C to cover deductibles and co-insurance) seems to be cheaper than Prudential riders. Therefore, the money that we have to fork out tends to be less. And if you opt for anything less than Private ward, you will get $300 per day (Assuming you get yourself Aviva Private Plan). Seems good. Any other thoughts?

 

[up2wind]

@Chopra: just a note, the premiums for Prudential under 'A total' column is entirely wrong and overpriced.



@Teckgamer: If you are referring to Chopra's chart. You can only take reference to his 'P total' column in comparison of the 2 coys. The remains are not 100% accurate and current.

 

[teckgamer]

@Teckgamer: If you are referring to Chopra's chart. You can only take reference to his 'P total' column in comparison of the 2 coys. The remains are not 100% accurate and current.

I wasnt refering to Chopra's chart. What I meant was Prudential riders, to cover both deductibles and co-insurance is more expensive than Aviva's one. Therefore, despite Aviva having a higher 'P total', the actual money that you pay is actually less. Because you pay the riders using cash-only. Whereas, the main plan is paid using Medisave. Hope that clears out my message.

 

[chopra]

@Chopra: just a note, the premiums for Prudential under 'A total' column is entirely wrong and overpriced.



@Teckgamer: If you are referring to Chopra's chart. You can only take reference to his 'P total' column in comparison of the 2 coys. The remains are not 100% accurate and current.

hmm noted. let me check tonight. thanks for highlighting

Update at 23:24

Able to pinpoint what's wrong? Let's help the masses here to get the most up-to-date figures, if you have. My source from the prudential portal suggests that my data is correct.


Source: http://www.prudential.com.sg/corp/prudential_en_sg/solutions/protect/PRUshield_extra.html
http://www.prudential.com.sg/corp/prudential_en_sg/solutions/protect/PRUshield.html

 

[teckgamer]

Full Underwriting vs Moratorium Underwriting.

If I am healthy (Well, pretty sure I am ), should I go for a full underwriting or moratorium underwriting? Because it seems that moratorium underwriting would not affect me as I do not have any pre-existing conditions.

If I have a pre-existing condition and "think" that in 5 years time, I would not need to seek any consultation or treatment to that pre-existing condition, then moratorium would definitely help to cover my health expenses should this pre-existing condition strikes me in 5 years and above.

Can anyone share their views?

 

[dexboi]

Full Underwriting vs Moratorium Underwriting.

If I am healthy (Well, pretty sure I am ), should I go for a full underwriting or moratorium underwriting? Because it seems that moratorium underwriting would not affect me as I do not have any pre-existing conditions.

If I have a pre-existing condition and "think" that in 5 years time, I would not need to seek any consultation or treatment to that pre-existing condition, then moratorium would definitely help to cover my health expenses should this pre-existing condition strikes me in 5 years and above.

Can anyone share their views?

So are you healthy or NOT healthy? Your case is clear cut. Healthy person w/o existing health problems just go with normal underwriting. Aviva will not want you under Moratorium. Because Moratorium is for people with health problems.

 

[dexboi]

Nvm.......

 

[teckgamer]

So are you healthy or NOT healthy? Your case is clear cut. Healthy person w/o existing health problems just go with normal underwriting. Aviva will not want you under Moratorium. Because Moratorium is for people with health problems.

I am healthy. My agent told me that moratorium or full underwriting will not make any difference since I am healthy. The only difference is full underwriting will take a long processing time.
Is this true?

 

[GloveK8]

Hey guys sorry to hijack, my relative now kanna psycho by a prudential agent to switch their exisitng Income shield plan to prushield.. was wondering should they switch? Both of them have some pre existing condition, what the agent told them is to go for underwriting first, if not successful den dun switch.. and its because of the 10% payment that make my relative wanting to change to prudential..

Also, Im intending to get a integrated shield plan, but I have degenerative disc disease in my cervical spine. Will it have exclusions if i get a integrated shield plan?

 

[pinkiefit]

I am healthy. My agent told me that moratorium or full underwriting will not make any difference since I am healthy. The only difference is full underwriting will take a long processing time.
Is this true?

yes its true. Since u are healthy, its no issue.

 

[laksa2003]

Hey guys sorry to hijack, my relative now kanna psycho by a prudential agent to switch their exisitng Income shield plan to prushield.. was wondering should they switch? Both of them have some pre existing condition, what the agent told them is to go for underwriting first, if not successful den dun switch.. and its because of the 10% payment that make my relative wanting to change to prudential..

Also, Im intending to get a integrated shield plan, but I have degenerative disc disease in my cervical spine. Will it have exclusions if i get a integrated shield plan?

if got pre existing condition better dun switch. you never know when claim will be unsuccessful, then wasted all the years of payment

 

[harky]

Do any one know why there is Max cap of $800 if I help my mom to pay for her shield?

 

[chuckle]

Do any one know why there is Max cap of $800 if I help my mom to pay for her shield?

Per life insured has a max cap of $800.