Hi would nt advise you to cancel. The reason y premium increases with age is cos the likelihood of hospitalisation increases as we age. Though we always say we want to save money and that its ok to stay in lower standard wards, the fact is when we are sick we really do hope to have the options available. Being in plan A allows u to choose pte, to choose the best doctors. Say u are diagnosed with cancer, one dr might suggest chemo, another might ask u try an expensive med etc. Being on plan A allows you to seek second opinion. Im nt against govt hospital but like for eg, my sis recently had to do colonscopy n mri due to her pancreatic cancer marker off range, she will have to wait 2mths if she opted for govt hos. It wil b much cheaper though at 3k+. But since she was covered fr first dollar, she went to mount elizabeth novena. It was like a 6 star hotel kind but of course bill oso ex. It came up to near 8k but insurer reimbursed fully within 2wks+. Besides if you r on plan A n opt for gov hospital, u will b given a cash amount per day of hospitalisation. It is always ez to downgrade but if u change yr mind later it will be really diff.
