Hefty Medical Bills

It often surprises me that there are Singaporeans without hospitalization coverage especially in this red dot where medical cost is ever rising.

My humble little story to share, shield plan is the very first insurance which I took over from my parents simply cos it is so affordable that I didn’t feel a pinch at all. The premium is payable from Medisave – which we all know can’t be use for much unlike our OA or SA accounts. Moreover, the Rider for this plan made in cash, for a person say age 40 and below range from $100-300/YEAR only!! That works out to be less than $30/month!

Premium aside, the point is coverage. A simple day surgery in Singapore would cost you easily $2000 already.  Well thank God $2k is a small amount. What if the amount now becomes $20k? That would not only drain out one’s savings account, it may even drag down your whole family’s finance.  Love your family enough not to let this happen. Ensure that you are adequately covered =)

An article below from The Sunday Times about the Burden of Hefty Medical Bills: http://www.healthxchange.com.sg/News/Pages/Pass-on-the-burden-of-hefty-medical-bills.aspx

A comparison chart of the different insurers in Singapore .

All in one snapshot =)

If any young ones like me is reading this, I would strongly encourage you to start taking over your shield plan now. It would be easier for you to digest the premium along the way when you have to take up other policies on your own. More so, when you get married and have kids, you can’t have your parents still paying your premium can you? Sooner or later, you have to take responsibility over this area. Why not start now. Trust me, it will be so much easier to digest and manage by then (:

Here's a claim preview for you. Only a day stay and its a 4 digit bill....

Gonna run for christmas gathering =D 

Have a BLESSED CHRISTMAS everyone ♥