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Low MediShield Coverage

>> Monday, March 7, 2011

I read the article in regards to the low pay out of medishield for Ms Goh's father medical bills with pride.

This is not the first time such a complaint was published in the forum and I believe it would not be the last. It is precisely this reason that I have my family covered under a proper private shield plan and I always advise clients & non-clients the importance of understanding your plan's coverage to suit your expectations and affordability.

The advice is mostly fell upon deaf ears. Similarly, has Ms Goh upgraded her personal shield plan as well so she does not suffer the same fate? Does she understand what medishield covers and what it does not? It usually takes a crisis to appreciate what is lacking. Had she spent the time to read more about medishield and less writing to the forum, she would have gotten her answer. The various options are available and information is provided. Neglecting protection and complaining when suffering insufficient coverage is like ignoring to buy and wear shoes but angry when stepping on sh*t bare footed.

Many are complaining about the exclusions taking the plan at a later age. I for one is in favor of it. I appreciate the coverage provided and is perfectly willing to pay the premium for it, it is absolutely necessary. I do not mind being healthy, not claiming and paying the premiums to subsidize others who are claiming. It is only fair as they will be subsidizing me in return should I require to claim.

Consider, it would be unfair if they accept everyone regardless of medical conditions. In such a case, everyone would not take up coverage, only upon diagnosis of illness then we proceed to purchase coverage only to claim almost immediately. And as a result the concept of insurance would fail as premiums would be equivalent to the cost of treatment. The non-claimants would not be "subsidizing" the claimants.

Help yourself today.
http://www.moh.gov.sg/mohcorp/hcfinancing.aspx?id=11222

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