Should I get integrated shield plan for my parents who are Long Term Visit Pass (LTVP) holder? They are 64 years old. Is there any other option other than shield plan? It costs 2-3k SGD annually for private hospital plan with no rider for foreigner? - Seedly
 

Insurance

Asked by Anonymous

Asked on 17 Apr 2018

Should I get integrated shield plan for my parents who are Long Term Visit Pass (LTVP) holder? They are 64 years old. Is there any other option other than shield plan? It costs 2-3k SGD annually for private hospital plan with no rider for foreigner?

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Soon Xiaohui
Soon Xiaohui
Level 6. Master
Answered on 18 Apr 2018

Hello there.

Yes, it would be best to have a shield plan - this will give you a peace of mind unless your parents have a high coverage plan back at home country and it has to be able cover oversea treatment/emergency treatment.

There are other options however based on your parents' age, getting an international health plan is more costly than shield plan. And the cheaper alternative is not available due to your parents' age.

If your parents do have pre-existing conditions then you may consider getting an international health plan otherwise shield plan will be better options for you & your parents.

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Zhouyang Hu
Zhouyang Hu
Level 2. Rookie
Answered on 18 Apr 2018

It will really depends on if your parents are staying in Singapore for long period of time or need to travel in between Singapore and home country frequently.

Let’s say if your parents is staying in Singapore for long period of time. I think it’s good to get integrated shield plan from the insurers in Singapore. Singapore has high cost for medical treatment, it is absolutely necessary to do so.

Let’s say your parents need to travel to home country frequently, then perhaps you should encourage them to take up global health plan for world wide coverage. Some insurers in Singapore provide that, or he can get from their home country if they provides.

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Good Day Every Day
Good Day Every Day
Level 7. Grand Master
Answered on 29 Nov 2018

Yes, if you could afford it. Do explore all options available before committing.

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John Lau
John Lau
Level 3. Wonderkid
Updated on 14 Nov 2018

I am a broker and I have covered for foreigners in Singapore with private medical insurance with full private hospital coverage too - some of these insurers are actually a lot more reputable than our local insurers around the world. These plans are easily portable wherever you go, ensuring they get the extensive coverage that they require.

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