Anonymous

13 Aug 2022

∙

Hi. if i dont need income replacement. Does my medishield and private integrated plan sufficient to cover my hospitalisation and ongoing treatment cost for CI like cancers.

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Elijah Lee

20 Aug 2022

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Not quite.

One of the things that many people forget about are alternative treatment costs. This is a very broad term but it does cover costs relating to (non exhaustive)

Off label drugs
Second medical opinion
TCM
Cost of hired help if that is required
Supplements for recovery
Co-payment for hospital bills since our ISP riders no longer cover the full bill

If shield plans covered such costs, your premiums will be a lot higher.

Combine a shield plan with CI coverage for better risk management.

Reply

Save

Tan Siak Lim

15 Aug 2022

CFP. Director, Financial Advisory Group at Financial Alliance

CI plan may still be necessary because shield plan doesn't cover all kinds of treatment cost, for example, long term outpatient specialist, off label cancer drugs or TCM.

Reply

Save

CH

14 Aug 2022

Shield plans is not meant for income replacment. if you meant that you are able to pay all bills by ...

Write your thoughts

Related Posts

Hi. understand that from next year integrated shield plan will only cover cancer treatment and drug on MOh drug list. What is the recommended CI coverage to cover alternative treatments etc.

Why do we still need CI or TPD if medical treatment costs are covered through Hospitalisation plans?

With Medishield life and Medisave in place, does those under Pioneer generation package need private integrated shield plans? As the cost of ISP increases, what’s the consideration on selection?

Hi! Will my hospitalisation insurance cover the medical bills in the event of cancer? If so, would it be alright to forgo a potential lump sum payout by not paying for a dedicated cancer plan?

My parents think that income shield is sufficient and dont have hospitalisation plans. Kindly advise if thats so and the financial dmg if we were to opt for one? They are aged 55 to 62. Thanks?

Related Posts

Hi. understand that from next year integrated shield plan will only cover cancer treatment and drug on MOh drug list. What is the recommended CI coverage to cover alternative treatments etc.

Why do we still need CI or TPD if medical treatment costs are covered through Hospitalisation plans?

With Medishield life and Medisave in place, does those under Pioneer generation package need private integrated shield plans? As the cost of ISP increases, what’s the consideration on selection?

Hi! Will my hospitalisation insurance cover the medical bills in the event of cancer? If so, would it be alright to forgo a potential lump sum payout by not paying for a dedicated cancer plan?

My parents think that income shield is sufficient and dont have hospitalisation plans. Kindly advise if thats so and the financial dmg if we were to opt for one? They are aged 55 to 62. Thanks?