Should i get private medical insurance coverage now that MediShield Life is in force?

Hey there!

Medishield Life is ultimately limited. You don't want to be in a situation where something happens which may affect your insurability for a hospitalization plan and you are no longer employed, ie. no longer covered.

You may want to consider at least getting a plan that covers for restructured hospital if a private hospitalization plan is too pricey.
Financial planning is an integral part of life. You can reach me here to find out more.

Hi anon,

Unless your employer covers you for life (and will you stay with them all the way? Or change jobs later?), the day will come when you retire and you will have to fall back on MSL if you do not at least have a government hospital level shield plan.

The question will be, will MSL be sufficient for you? The claim limit is not that high ($100K at the moment), surgery claims are based on the complexity, there will be a deductible and uncapped co-insurance, and there is no pre and post hospitalization coverage.

Do give it some thought.