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.

Hi anon,

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Your understanding is correct.

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So to counter this cost, CI coverage is actually very important.

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The tricky part is to calculate how much you need.

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A recent case (https://www.straitstimes.com/singapore/health/i...) pegs off-label drugs at about $10K a month. That's a good number to start with, but the question is how long you need to undergo treatment in order to make a full recovery.

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I'll probably take $10K and multiply by a year at least. That puts alternative treatment at about $120K. So I'll say a safe bet is to account for at least $100K of alternative treatment money, and if you can afford more, you can definitely consider it. This coverage is best to have for life since you really can't predict when you may get a CI, and no one wants to be a financial burden on others.

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On top of the alternative treatment monies, remember to factor in living expenses/loss of income for the years that you are working.

Yes that's what I understand too. I would look into a term CI plan, from what I know AXA term plan is the cheapest now, cheaper than standalone CI plans. https://plannerbee.co/learn-personal-finance/pr...