facebookAre there any insurance plans that cover mental health? - Seedly

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Anonymous

26 Aug 2020

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Insurance

Are there any insurance plans that cover mental health?

Read some articles on how covid'19 result in an increase in mental health issues - wondering if any insurance cover that?

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Hey there!

You may want to look at AIA Beyond Critical Care. It covers psychiatric conditions like depression, OCD etc.

Financial planning is an integral part of life. You can reach meΒ hereΒ to find out more.

PolicyPal

26 Aug 2020

Official Account at PolicyPal

Currently, Singaporeans can tap into their MediSave to pay for inpatient psychiatric treatment. However, this is limited to $500 per year, and 15% co-payment of the medical bill in cash by the patient. It is also possible to use the MediSave of immediate family members ot pay for the remainder - up to $400 per year per account.

MediShield Life insurance coverage also includes inpatient psychiatric treatment (capped at $100 per day).

There are also private insurers that offer policies that cover mental illnesses. One example is the AIA Beyond Critical Care Policy, which covers five conditions - major depressive disorders, schizophrenia, bipolar disorder, obsessive-compulsive disorder, and Tourette syndrome.

Should you require more information, do get in touch with us to find out more.​​​

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