Skip Navigation Links
Confused with medical insurance
13 Jun 2020 (140 views)

Dear Mr. Tan KL,
I am aged 49, my wife 45 and have 2 autistic boys aged 20 and 19. None of us have any form of insurance coverage. I wish to get a medical or hospitalization plan to cover me and my family members. I am clueless which insurer and which plan to buy from. I heard horror stories that insurers don't pay up for some reasons or some unknown exclusions and I worry I am not buying the right plan to cover my family. I also heard different companies charge their price differently even if their plan is similar. How do I know I am buying for the best price for the best cover? I am worried for my 2 autistic boys because I don't think they will ever get any form of cover. Hope you can debunk my myth. I hope you can help me. Thank you.

REPLY
You and your family are already covered under Medishield Life. It is best to stay with this government sponsored plan. If any family member needs to be treated, they can be treated in subsidized B2 and C wards. The standard of care is acceptable. There is no need to buy any expensive integrated plan to replace Medishield Life.
The only exception is when you are super rich. In that case, you can buy the most expensive plan and do not need to worry about choosing which is the best plan to buy. But most people are not in this category.
I have recently studied the plan from NTUC Income. I find the premium and coverage under their integrated plan to be acceptable. Here is my explanation.
https://www.youtube.com/watch?v=NGaFw1PjJzU


Confused with medical insurance
[Back] [Print]


Dear Mr. Tan KL,
I am aged 49, my wife 45 and have 2 autistic boys aged 20 and 19. None of us have any form of insurance coverage. I wish to get a medical or hospitalization plan to cover me and my family members. I am clueless which insurer and which plan to buy from. I heard horror stories that insurers don't pay up for some reasons or some unknown exclusions and I worry I am not buying the right plan to cover my family. I also heard different companies charge their price differently even if their plan is similar. How do I know I am buying for the best price for the best cover? I am worried for my 2 autistic boys because I don't think they will ever get any form of cover. Hope you can debunk my myth. I hope you can help me. Thank you.

REPLY
You and your family are already covered under Medishield Life. It is best to stay with this government sponsored plan. If any family member needs to be treated, they can be treated in subsidized B2 and C wards. The standard of care is acceptable. There is no need to buy any expensive integrated plan to replace Medishield Life.
The only exception is when you are super rich. In that case, you can buy the most expensive plan and do not need to worry about choosing which is the best plan to buy. But most people are not in this category.
I have recently studied the plan from NTUC Income. I find the premium and coverage under their integrated plan to be acceptable. Here is my explanation.
https://www.youtube.com/watch?v=NGaFw1PjJzU