Hospitalisation Insurance (H&S)
Asked 2d ago
Outpatient cancer treatments such as chemotherapy and radiotherapy are generally covered by integrated shield plans. Likewise for the medications, surgical procedures and potential in-patient costs, if any. You shouldn't worry too much on the treatment costs, apart from any co-payment you may be subjected to.
The lump sum payout from CI/ECI are mainly meant to cover your potential income loss in the event you stop getting paid while receiving treatments, therefore both plans play different role in the event you are diagnosed with cancer or other covered CIs.
In a less common scenerio, if you wish to have the choice to go for novel treatment strategies for cancer which are generally not covered by Shield plans, and are costly, perhaps the lump sum payout could help.
Cancer plans are a more narrow version of CI/ECI plans which focus mainly on Cancer. If you can afford the premiums and insurability isn't an issue, get a proper critical illness plan instead for a more comprehensive and cost-effective coverage.
Do note that for hospitalisation insurance coverage, some of them do come with pre and post hospitalisation benefit. It is important to understand what your policy covers.
Based on my personal experience, my loved one manages to claim her cancer treatment cost when she was required to receive treatment at the hospital. This includes her chemo or even radiotherapy.
I assume you are on an Integrated shield plan.
Various integrated shield plan comes with different pre-hospitalisation and post-hospitalisation packages.
I give you an example:
If your insurer is Income, the pre-hospitalisation cost is as charged for up to 90 days. Same for post-hospitalisation.
This changes for Great Eastern where the pre-hospitalisation is as charged, up to 120 days and post-hospitalisation will be 180 days.
You can find the comparison here: https://blog.seedly.sg/singaporean-integrated-shield-plan-comparison/