Anonymous
Which is the most cost efficient (annually) health insurance under private hospitalization category?
I’m currently on the NTUC Income Enhanced Incomeshield Preferred plan for between age of 31-35. My upcoming renewal will cost me $1056 annually (rider + cash outlay of enhanced preferred coverage) which I find is quite high. Am looking alternatives like AIA Goldmax A but also saw that current health insurance over covers 95%. What does that mean?
3
Discussion (3)
Learn how to style your text
Pang Zhe Liang
29 Jul 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
Reply
Save
Jonathan Soh
29 Jul 2020
Wealth Manager at Aviva Financial Advisers
Hi there. The most value for money private hospital plan will probably be AXA. Their premiums are amongst the lowest in the market and the premium increases by age band are amongst the lowest.
All health insurance plans cover 95% max now, as a result of MOH's ruling last year.
I cover 9 companies including Aviva, AXA, Manulife, NTUC Income etc. Do reach out to me here if you want to know more.
Reply
Save
Hey there!
Basically for now, clients will have to make a 5% co-payment for their hospitalization b...
Read 1 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
AIA HealthShield Gold Max Integrated Shield Plan
4.2
19 Reviews
AIA HealthShield Gold Max A
$2,000,000
LIMIT PER POLICY YEAR
100 / 100 days
PRE & POST HOSPITAL
As Charged
OUTPATIENT BENEFITS
Private Hospital
WARD ENTITLEMENT
Income IncomeShield Integrated Shield Plan
4.4
300 Reviews
Related Posts
There is no cheapest plan in the market. Instead, there will always be some form of trade off that you need to consider.
Firstly, we need to find out when you got the plan, and rider. This is because your existing plan may cover you for 100% of the eligible expenses in the event of hospitalisation. On the other hand, plans that are available on the market now includes a mandatory co-payment.
More Details: Integrated Shield Plan Rider Singapore: A Starter’s Guide
With this in mind, I will suggest for you to speak with your agent to conduct a comprehensive financial portfolio review. This enables us to determine whether it makes sense to make a switch.
I share quality content on estate planning and financial planning here.