Support My Efforts By Visiting The Advertisers

Disclaimer

This is a personal blog. The opinions expressed here represent my own, not those of my employer and is not intended to malign any religion, ethnic group, club, organization, company, or individual.

Comparison Of Health Insurance

>> Wednesday, September 2, 2009

Do you have health insurance and understand what it covers?
How many actually compared the various plans available?

The information is available on the Ministry Of Health website:
http://www.moh.gov.sg/mohcorp/hcfinancing.aspx?id=342

In addition to more information of the basic Medishield plan, it also has all the policy contracts of insurers (NTUC Income, AIA, Great Eastern, Aviva & Prudential) providing the Medisave-approved Integrated Insurance Plans.

There is also the service indicators:
I) Claims rate performance. (1. GE | 2. NTUC | 3. PRU | 4. Aviva | 5. AIA)
II) Letter of guaranteed & Medical records cost

Comments:

All private shield plans and their riders have their advantages in different areas. The areas to look out for are:
1) Coverage of deductible and/or co-insurance
2) Type of coverage (C/B2/B1/A/Private)
3) Premium cost
4) Limitations
5) Additional benefits
6) Claims performance

It is an important decision as it will be difficult or even impossible to purchase or switch plans in future due to any medical condition or previous surgery.

Do not procrastinate, act now. If you are unsure, do seek assistance from a licensed financial consultant who is willing to compare and explain to you (For example, me). Speaking to a insurance agent from a specific company might provide only bias product advice.

0 comments:

Disclaimer

Privacy

The owner of this blog does not share personal information with third-parties nor does the owner store information is collected about your visit for use other than to analyze content performance through the use of cookies, which you can turn off at anytime by modifying your Internet browser’s settings. The owner is not responsible for the republishing of the content found on this blog on other Web sites or media without permission.

Blog Comments

The owner of this blog reserves the right to edit or delete any comments submitted to this blog without notice due to;

1. Comments deemed to be spam or questionable spam
2. Comments including profanity
3. Comments containing language or concepts that could be deemed offensive
4. Comments that attack a person individually

Terms and Conditions

All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.

This policy is subject to change at anytime.

About This Blog

To promote the education of individuals for the need to have a healthy lifestyle and wealth management through proper financial planning, particularly in investments.




Top Blogs


Awards

There was an error in this gadget

Top Sites

  © Blogger templates Sunset by Ourblogtemplates.com 2008

Back to TOP