Health Insurance

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Health Insurance
  • Asked by Anonymous

    Kwok Marlina
    Kwok Marlina
    Level 2. Rookie
    Answered on 26 Mar 2019
    Whoever says That left a few days to get IP plan with full rider is NOT TRUE. Did you digest the information properly before commenting here so? https://www.straitstimes.com/politics/parliament-patients-who-buy-new-riders-for-integrated-shield-plans-will-have-to-pay-5-per 5% co payment kicks in for all the shield plan bought on 9th march 2018 onwards. Govt announce it on 8th march and make this effective immediately to prevent people rushing to buy plans with full riders
  • Asked by Anonymous

    Hariz Arthur Maloy
    Hariz Arthur Maloy, Independent Financial Advisor at Promiseland Independent
    Top Contributor

    Top Contributor (Apr)

    Level 7. Grand Master
    Answered on 13 Feb 2019
    Don't think there is any. Our local Shield Plans have a last entry age of 75, plus not many seniors would be of pink of health at that age either.
  • Asked by Anonymous

    Yixiong Chang
    Yixiong Chang
    Level 5. Genius
    Answered on 06 Dec 2018
    I would need to know more details (your age, diagnosis, current medical condition etc). I might be able to help u join a group H&S. Please pm me on my facebook.
  • Asked by Anonymous

    Loh Tat Tian
    Loh Tat Tian
    Level 6. Master
    Answered on 06 Dec 2018
    Based on the definitions. This is mentioned by the government on the $3,000 amount by 2022 (even after buying full riders). Co-payment (fixed amount to be paid). This is similar to deductible. Co-insurance a percentage of the total bill to be paid by your kind self. Its is a percentage of the bill after minus deductible. E.g hospital bill $20,000, no rider Deductible = $3,500 Co-insurance = 10% of (20,000 - 3,500) = $1,650. If you bought rider, there is nothing extra to pay. $20,000 is paid by Insurance New regulation (with full rider) Copayment- = $3,000 (paid by you) Insurance settles $17,000 New regulation (no rider) is the same as no rider example
  • Asked by Anonymous

    Jason Sin
    Jason Sin
    Level 5. Genius
    Answered on 29 Nov 2018
    Whether to upgrade your ElderShield, you need to consider whether you would want 1) to have an easier claim criteria: 2 ADLs instead of 3 ADLs 2) to pay more with money in your Medisave for life (whether you have sufficient money in your Medisave) 3) Careshield in 2021 You ought to think very carefully as money in Medisave is also your hard earned money.
  • Asked by Anonymous

    Vicky Faith
    Vicky Faith
    Level 5. Genius
    Answered on 19 Oct 2018
    I would suggest to come clean and risk the rejection. I have a friend who has attemptedsuicide twice in her life. Without knowing that health related insurance would normally reject such cases, she was convince by P agent to buy health plan during road show 8 years ago. The policy was rejected and P agent did not even call to follow up until she was about to call for insurance coverage for day ward case. She then spoke to a lot of agents from a lot of companies (including those extremely experienced ones), all verbally shared that she don't even need to try, it will be rejected. One agent even told her to not declare and take the risk. She rejected because the reason why shes getting health plan is to have assurance and not getting the risk of not being insured after paying all the premiums (honestly, refunding doesn't help). Then, she met her friend who just became agent with company A. She already gave up trying to get health related plans and so she shared her story with her A agent. Because he is new, he really know nothing much about conditions which can or cannot be accepted. And also because he is new, he did not stop trying. He updates my friend everytime there's a progress. The first time he submitted, it was rejected. He didn't stop, he asked my friend to get hospital letter, doctor's name, employers' testimonials and a lot more details and try submitting again. After 2 months of processing the application with multiple request for additional information, he managed to get my friend covered for hospitalisation plan and personal accident plan with exclusion for psychiatric related condition. And so fortunate, my friend was hospitalised due to some physical injury 2 weeks after the plan was activated. I guess above is a really good story to know that there are still agents who are willing to fight the case for you. However, I must say it is highly dependent on the condition of the mental state at point of application. My friend's suicide attempt was about 10 years ago.
  • Asked by Anonymous

    Lee Jin Fei Andre
    Lee Jin Fei Andre
    Level 3. Wonderkid
    Answered on 12 Oct 2018
    If a person is still undergoing treatment for depression, I'm sorry to say that it is highly likely your friend will be rejected by most if not all insurers at the moment. Cases of depression are too risky for insurers to underwrite, and hence will not be given much chance at all. This may include those still undergoing consultations, and taking medication etc. From experience, only if a person has officially recovered from the condition will the insurer been more keen to underwrite, and before a certain number of years after recovery, the insured will most likely have exclusion on all treatments or surgery related to any mental conditions for the time being. An appeal to remove exclusion can only be done after a number of years, and is subject to additional underwriting as well. Not all hope is lost of course, as your friend can still try to apply for moratorium underwriting for health insurance. This is only offered by Aviva at the moment, but is an option to consider. This advice is from experience, and may not fully represent the underwriting requirements of each insurer. If unsure, always check with a financial adviser from the insurers you would like to apply to.
  • Asked by Alan Seow

    Soon Xiaohui
    Soon Xiaohui
    Level 5. Genius
    Answered on 07 Jul 2018
    By end of the day, you gotten look at the facts that what if you are sick, half dead, loss of income due to illness or accident. It is best to cover this area as you're on your own.
  • Asked by Anonymous

    Soon Xiaohui
    Soon Xiaohui
    Level 5. Genius
    Answered on 29 Jun 2018
    Hello there, To clear your doubt - usually when we say health insurance, we are referring to Hospital & Surgical (H&S) or integrated shield plan and yes it is a type of term insurance but this is not the insurance which many has been debating to get term or whole life thefore please don't get confused over this. You may read https://blog.seedly.sg/working-adults-what-are-the-key-insurance-policies-you-should-get-in-singapore/ to have a summary glimpse of different insurance and their purposes. For your case, have you check if your family if you have an existing health insurance? That should be the first step you should do first. If you have no health insurance, do spend some to read on the articles before getting any purchase https://blog.seedly.sg/singaporean-integrated-shield-plan-comparison/ https://blog.seedly.sg/integrated-shield-plan-rider-comparison/ Hope these links clarify your main doubt.
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