Anonymous
What kind of insurance should I get for senior citizen parents? ?
My mother is 66 this year and is a PR. She is a housewife so there is no income per se. She has a PA plan by MSIG entitled 50-plus care, which she bought through the bank 9 years ago or so. Thank you!
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Loh Tat Tian
07 Jun 2019
Founder at PolicyWoke (We Buy Insurance Policies)
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Ernest Yeam Wee Leong
07 Jun 2019
Content Creator at www.youtube.com/c/JustBeingErnest
Personal accidents and hospitalisation would be ideal.
1) Personal accidents to account for cost that is incurred such as TCM expense reimbursement, Chiropractor expense reimbursement, Ambulance service, Mobility aids and Hospital cash (daily)
2) Hospital Insurance to accout for cost such as Inpatient hospital treatments, Outpatient hospital treatment, Pre- and post- hospitalisation treatment and Emergency overseas treatment.
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Guo Hao Teo
07 Jun 2019
Self-Taught Enthusiast at Personal Finance
H&S would make the most sense at this junction.. naturally premiums now would be higher.
But also p...
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H&S insurance will never go wrong (aka shield plans or ISP in Singapore).
Its medisave payable, and helps to prevent bills bursting over a limit.
Be it for public or private hospital, best to upgrade to the one you can afford. If cost is an issue, even the standard plan is good. Medishield life is very inadequate for 10% of bills that exceed medishield life claim limit.