With AIA premium increase by 100+ again, is it still worth it?

[xiaosinsinful]

The rider for hospitalization plan when I started is only 600+ but it raised to 800 few years back now increase again.

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Depends

do you have any pre-existing condition?

if no, no harm shopping around

 

[stanlawj]

Is it? Most PA policies I've seen pay low 5 digit figures (maximum). It's not life changing money, and insurance payouts generally need to be that (life changing) to be protective.

Do children really get into such risky situations? If they are into contact sports (rugby), rock climbing, hiking in Malaysia/indonesia regularly, triathlon, road cycling, openwater swimming kind of kids, then maybe.
Otherwise, for the muggers and ordinary non-contact school sports, not likely to get hospitalised unless get into road accident.

 

[BBCWatcher]

PA policies may exclude some of those activities anyway. And if they’re hospitalized that’s what hospitalization insurance is for.

Parents worry, though. I get it! I really wish there were some sort of DII (or DII-like) policy available for purchase even for children. Maybe an innovative insurance carrier or three could figure that out?

 

[andyhtc]

I really don't want to call my agent.
I sure my AIA hsg max a, he should receive commission as I pay cash 800 annually.
Is it ok to go their office at finlayson?
I think no need book appointment compared to COVID times. Can I ask wat are the downgraded option? And if within my affordable. I can just switch.
How ironic, most parents in the past never pay insurance for us. While parents of today ....buy and buy. Maybe because medical cost last time cheaper

When I downgraded my private hospitalisation plan from Aviva, I just made a call to the insurance company and they did the paperwork for me. About 1-2 weeks later, I received the notification letter and bill for the renewal public hospitalisation plan.

 

[wei406015]

Any changes in policy need to go through the agent. They need to endorse your request form.

By the way, I am on AIA HSG Max A + Max Vitalhealth A Value rider. I think this is the best compromise that allows private hospital claims while not blowing the premiums to the roof like Max Vitalhealth A (without the Value). There is a risk that the public/restructured hospital can only arrange specialist appointments weeks later, so I want the option of the private hospital for really emergency case (same day or next day).

I don't have children, but my guess is only accident insurance is really necessary. For an upgrade, then the IHS is next step, which I feel that Great Eastern Supremehealth (P Plus) alone is the best because the premiums are really low if no claims. If your children have no genetic disorders, then looks like no claims for many years, then you want really low premiums until the children start working.

How much are you paying for the Vitalhealth A Value Rider? It seems to increase by close to $100 yearly.

 

[Bnbstar]

Mine is medishield tie with aia hsg max c. I look at aia app, it show

1) private - standard room and below

2) hospital room & board per day is $450.

3) hospital max limit per year is $150000. Can claim this much if hospitalization.

4)
Premium payment term
10 years
Premium cessation date
01 Aug 2023
Does it mean it's expired or auto renew 10 years?

If I just used basic medishield...no enough. This I pay $520 annually.
I think can keep

This one got no cap on the co-payment right?

 

[Bnbstar]

If someone has any pre existing conditions and upgrading the plan from C to B lite or B, the pre existing conditions would still have coverage under C? Thanks

 

[BBCWatcher]

If someone has any pre existing conditions and upgrading the plan from C to B lite or B, the pre existing conditions would still have coverage under C?

Probably, but you should carefully clarify that point with the insurance carrier.

 

[Bnbstar]

does the hsg max c alone provides enough coverage?)(eg: like tio what type of illnesses would cause it to exceed coverage/alot of out of pocket expenses if opt for stay in B2/C wards) Or have to upgrade to plan b + rider for better coverage? Thanks!