savingplaninsurance (1)

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How To Buy The Right Health Insurance Plan In
Singapore?
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Whether you are a Singaporean citizen or an
expat, you need proper health insurance when
living in the Lion City. While Singapore has some
of the best hospitals in the world, the cost of
treatment can get quite expensive. Singaporean
citizens and PRs get coverage from MediShield
Life for their health care expenses. However,
MediShield Life is pegged at only class C/B2
wards in public hospitals. If you prefer other
types of hospitals or wards, this coverage may be
insufficient. Moreover, the annual claim limit of
MediShield Life is capped at S150,000 with
further limits placed on specific treatments such
as chemotherapy and kidney dialysis. If you
prefer a private hospital, your treatment charges
may go beyond these thresholds. In this case, you
may want to consider health insurance known as an
Integrated Shield Plan, that can help provide
more extensive coverage. If you are planning
to buy an Integrated Shield Plan for the first
time, you may need a bit of help. Read on to
discover a few tips that can guide you in getting
a suitable health insurance plan in Singapore.
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• Decide on the type of ward / hospital you prefer
  to get treatment from
• There are different types of Integrated Shield
  Plans available in Singapore. The plan that you
  pick will determine the type of hospital or ward
  you will get coverage for. There are plans that
  cover class B1, class A, and private hospitals.
  The premiums will vary based on the plans that
  you choose.

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• Review benefits of the plan
• Compare benefits of the various plans that cater
  to your selected ward category. When looking at
  benefits, compare features such as coverage for
  pre- and post-hospitalisation coverage and sum
  insured. Integrated Shield Plans can offer
  pre-hospitalisation coverage for 180 days,
  post-hospitalisation coverage for 365 days, and
  sum insured up to SGD 1 million or more.
• Furthermore, some insurers in Singapore also
  cover you for planned and emergency medical
  treatments abroad.

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• Look at the supplementary benefits offered
• Insurers also go a step beyond to offer enhanced
  benefits to their customers. You add a rider so
  that your health insurance covers up to 95 of
  your hospitalisation expenses. Look for features
  such as hassle-free appointment bookings,
  cashless medical treatment, and concierge
  services when choosing a health insurance plan.
  These benefits can really go a long way in
  helping you make the most out of your coverage.

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• Read customer reviews
• It helps to know what others have to say about
  the insurer you are planning to get your coverage
  from. See what other customers say about the
  service offered by the insurance company. You
  want to choose an insurer who is known for
  excellent customer service.
• You may consider taking help from a financial
  consultant when choosing a health insurance plan
  in Singapore. We hope this was an informative
  read. Take care.

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Thank You