What’s the most value added shield plan for 70 y/o? Is NTUC income good?

Hi there. For a 70 yr old the best option will be to take a government/restructured hospital shield plan as opposed to a private hospital plan. This is because the premiums for 70 yrs old will be very expensive in the latter case. The insurers known to have the most value for money government/restructured hospital shield plan for those above 50 are NTUC, Aviva and AXA. The differences in coverage between these insurers I'll say is minimal. If you want to find out more do hit me up here for a casual chat. There are ongoing limited time promotions for all 3 insurers at the moment.

Hi there,

To address your question, I will address it in the context of an individual who is age 70.

At this point, I do not have an active source of income, and an increased probability of hospitalisation due to my advanced age. My key focus is determining, in the event of failling ill, do I want the option of having private or public healthcare coverage? If i choose the former, will I be able to afford it at that point in time? Would i want to wait at the reception of a public hospital while i might be in pain?

The scenario I have shared above, is a common sticking point I have experienced with my interactions with others. In terms of an integrated shield plan, it is mandated by the MOH, that all policies are transparent in terms of the benefits and cost schedule.

The value you are looking for, is generally quite similar across the board, with most inpatient services being subsidised by the policy. Difference in premiums might be due to some of the factors which i will explain below.

One of the key points, is the coverage for Pre and Post hospitalisation, as there are substantial costs ascribed before and after a treatment Having an adequate coverage period ensures that medical fees do not adversely your lifestyle at age 70. The second point to note, is the annual policy claim limits which might trigger out of pocket expenses in a major hospitalisation event.

If you require a more detailed explanation, do schedule a consult with me, so that i may better address your queries. I do hope I was able to answer your question satisfactorily. Have a great week ahead!​​​