facebookWhat hospitalisation plan to get for parents? Private or Govt hospital? I am paying over 3k annually for the rider for my mum who is active and healthy? - Seedly

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Anonymous

18 Apr 2019

Random

What hospitalisation plan to get for parents? Private or Govt hospital? I am paying over 3k annually for the rider for my mum who is active and healthy?

I am currently paying over 3k annually for my mum hospitalisation plan for private hospital renewal every year. My Insurance Agent is proposing that I can downgrade it to government hospital so the annual payment will be lower. Anyone has any idea what is a better option? Paying a higher premium for private hospital or downgrade it to Govt hospital for lower payment? My mum is 62 this year, active and healthy.

Discussion (3)

What are your thoughts?

Loh Tat Tian

Loh Tat Tian

30 Nov 2018

Level 11·Founder at PolicyWoke (We Buy Insurance Policies)

There is no right or wrong in insuring for your loved ones.

What is important is, is it affordable for you? If not, choose to downgrade (and at least they still have medical coverage)

If you can afford, best to keep it. The type of care you want is dependent on how luxurious you want the care to be (private), or more affordable yet not compromising too much (A ward).

If cost is still a concern, the minimum is the standard plan offered by all insurers.

Jason Sing

Jason Sing

29 Nov 2018

Level 10·School Of Hard Knocks And Life at School Of Hard Knocks And Life

Buy what you need. As long as you are employed and could afford the premium for your mum and yourself, you both may want to be covered for private hospital. However, if you are unemployed and could not afford the premium, it would be better to downgrade to public hospital. There is no right or wrong answers. It really depends on your needs and whether you could afford.

Hariz Arthur Maloy

Hariz Arthur Maloy

03 Oct 2018

Level 15·Independent Financial Advisor at Promiseland Independent

You pay for what you get.

But thankfully in Singapore, our public hospitals can be relied on wel...

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