Which MediSheld Plan is good ind e market??

[DestinyFate]

As topic above..

 

[henrylbh]

Any feedbacks on Incomeshield Advantage Plan with Rider?

 

[prettiboz]

i am covered under Enhanced income shield Preferred plan with rider...Incomeshield plan has all been changed to Enhanced Income shield. Main difference between the both is the latter covers "ALL HOSPITAL BILLS". However, you will still in to pay deductible and 10% co-insurance. Very affordable plan! THumbs UP! check www.income.com.sg for info

 

[VoodooKing]

Prudential has just launched its new Prushield A premier plan (As charged) which is very competitive now with the option to add a rider that pays for the deductible and co-insurance. But of course if cost is a concern, NTUC income is still the best.

 

[terraj]

The basic plan itself is competitive but the rider for the PruShield is VERY VERY expensive unfortunately. Income is somewhere in the middle @ 100+. Aviva's rider is very reasonable, only 50 bucks for my age group. So I think Aviva has the best overall plan.
But because of a previous medical condition which Aviva would not cover but NTUC did, I took up the NTUC as charged + rider in the end.

 

[VoodooKing]

The basic plan itself is competitive but the rider for the PruShield is VERY VERY expensive unfortunately. Income is somewhere in the middle @ 100+. Aviva's rider is very reasonable, only 50 bucks for my age group. So I think Aviva has the best overall plan.
But because of a previous medical condition which Aviva would not cover but NTUC did, I took up the NTUC as charged + rider in the end.

That's right. Thats why when my clients have cost concern, I will just point them to NTUC. Prushield Extra is really expensive IMO. That I won't argue.

 

[flyingbear05]

hmmm... just a cent of concerns cos i heard from my friends that claiming shield plans from NTUC takes a long time.... So it might not be wise if u r money tied... Seeing someone quoted prudential, tat tym was speaking to my FA, i tot it's quite a good one as me and my therapist fren quite like the fast tat it's as charged and unlimited lifetime coverage... which is good... as sometimes degenerative diseases may affect for life...

just a penny of thoughts...

 

[nicholaslee]

i'm gonna get the AIA HealthShield this weekend when i meet my agent

 

[DestinyFate]

y no 1 consider great eastern??

 

[Pocoyoz]

where to apply incomeshield?

 

[onizuka_eiji]

where to apply incomeshield?

go any NTUC fairprice and tell the cashier u want to buy insurance..

 

[twosix]

I think can buy at www.income.com.sg as well.

 

[arianwen]

well, anyone who still try to put incomeshield down because of the claims processing speed is absurd when all the medical plans are integrated now and also, income has significantly reduced claims processing time.

You may wanna refer to MOH website for some statistics, plus incomeshield is the only plan currently in the market which offers a letter of guarantee.

Read up more before making any decisions.

 

[arianwen]

go any NTUC fairprice and tell the cashier u want to buy insurance..

 

[Agent_Jerry]

well, anyone who still try to put incomeshield down because of the claims processing speed is absurd when all the medical plans are integrated now and also, income has significantly reduced claims processing time.

You may wanna refer to MOH website for some statistics, plus incomeshield is the only plan currently in the market which offers a letter of guarantee.

Read up more before making any decisions.

FYI, to make a hospitalisation claims for income shield, you need to inform or call up the hospital 4 DAYS in ADVANCE, so that you need not fork out any sum on your own upfront, other than the deductibles. If not, the claim will take about 2-3 months to process, if this processing speed do not sounds absurd, then perhaps this might be a popular choice for some people. In situations like car accidents or sudden heart attack, I do not see how this shield is going to help much when one bought an insurance and yet has to pay the money upfront while waiting for the claim to be made.

For AIA, prudential, GE, i have never heard of such things as 4 days notice.
We should really read up more before making any decisions.

 

[limster]

there was a period when NTUC introduced enhanced incomeshield & did a computer system shift that claims became backlogged to the 2-3 month period mentioned. This was in 2006. From this point on, it seems that most non-NTUC insurance agents are programmed to tell their customer that their policy better because 'NTUC takes 2-3 month to pay' on theirs.

However, the cold hard fact is that NTUC is the fastest in paying Medishield claims according to the MINISTRY OF HEALTH and still the only one with letter of guarantee:

http://www.moh.gov.sg/mohcorp/hcfinancing.aspx?id=342

Everytime I see someone posting that NTUC takes 2-3 mths to process a claim, I suspect it's just another company's agent repeating his pre-programmed 'how to explain why NTUC is so cheap' storyline

 

[VoodooKing]

FYI, to make a hospitalisation claims for income shield, you need to inform or call up the hospital 4 DAYS in ADVANCE, so that you need not fork out any sum on your own upfront, other than the deductibles. If not, the claim will take about 2-3 months to process, if this processing speed do not sounds absurd, then perhaps this might be a popular choice for some people. In situations like car accidents or sudden heart attack, I do not see how this shield is going to help much when one bought an insurance and yet has to pay the money upfront while waiting for the claim to be made.

For AIA, prudential, GE, i have never heard of such things as 4 days notice.
We should really read up more before making any decisions.

Hi Agent Jerry,

The 4 days in advance is only for non-emergencies. And as limster pointed out, the claims process was slow before because of the computer records transition.

Even so, there's no point telling the client that NTUC pays 2-3 months later when there is NO money that will be returned to the client anyway. So we have to be ethical and accurate when saying things like these.

Anyway I will not comment much because I have to read the schedules of all the different policies first to see the price difference justification.

"18. PRIOR NOTIFICATION FOR NON-EMERGENCY CASES



Unless it is an emergency, you are to notify us at least 4 working days prior to
the admission of an Insured Person to a hospital. This is to seek our advice and
recommendation on the hospital admission and/or the entitlement to Benefits under
this Policy.



Where expenses are incurred without prior notification to us or contrary to our
advice and recommendation, we may proportionately reduce your claim to reflect
what would have been reasonably incurred, based on the professional opinion of
our physician and/or the entitlement to Benefits under this Policy. Where there
is a difference of opinion between our physician and your physician, the matter
will be referred to an independent party for adjudication."

 

[arianwen]

FYI, to make a hospitalisation claims for income shield, you need to inform or call up the hospital 4 DAYS in ADVANCE, so that you need not fork out any sum on your own upfront, other than the deductibles. If not, the claim will take about 2-3 months to process, if this processing speed do not sounds absurd, then perhaps this might be a popular choice for some people. In situations like car accidents or sudden heart attack, I do not see how this shield is going to help much when one bought an insurance and yet has to pay the money upfront while waiting for the claim to be made.

For AIA, prudential, GE, i have never heard of such things as 4 days notice.
We should really read up more before making any decisions.

juz wondering.. where did u get ur info frm?

seems to me that u r very against ntuc income..
well, gotta b neutral and only state the facts.

 

[AeroSix]

I guess another important factor to consider for a h&S plan will be the lifetime renewal age

 

[ASKHabit]

Hi Agent Jerry,

The 4 days in advance is only for non-emergencies. And as limster pointed out, the claims process was slow before because of the computer records transition.

Even so, there's no point telling the client that NTUC pays 2-3 months later when there is NO money that will be returned to the client anyway. So we have to be ethical and accurate when saying things like these.

Anyway I will not comment much because I have to read the schedules of all the different policies first to see the price difference justification.

"18. PRIOR NOTIFICATION FOR NON-EMERGENCY CASES



Unless it is an emergency, you are to notify us at least 4 working days prior to
the admission of an Insured Person to a hospital. This is to seek our advice and
recommendation on the hospital admission and/or the entitlement to Benefits under
this Policy.



Where expenses are incurred without prior notification to us or contrary to our
advice and recommendation, we may proportionately reduce your claim to reflect
what would have been reasonably incurred, based on the professional opinion of
our physician and/or the entitlement to Benefits under this Policy. Where there
is a difference of opinion between our physician and your physician, the matter
will be referred to an independent party for adjudication."

Who define non-emergency? As long as I land in hospital, I consider it emergency. I would not like to suffer and wait. Just MO