hospitalization plan

Nanyangtech SG

You might want to consider topping up medisave for a start and buy the medishield plans.

Medishield plans applies to all ages.

ericgo SG

Not everyone entitle to Medishield , only aged 40 and above can sign up .

But u can ask from CDP what scheme they have in plans for aged under 40 ?

Medishield is our national healthcare plan for all singaporeans up to age 82. the one that you are talking abt age 40 and above is eldershield.

i know, i have been in and out and hospital for my parents for the last ten years. what can be claim wat cannot. wat is the claims limit for medishield and medisave for certain illnesses all i know inside out.

ericgo SG

One more issue dont ever ever stick to our basic CPF medishield. Upgrade your medishield to a private insurer of your choice(aia,ge or prudential) and yes medishield has already been outsource to private insurer. And why upgrade to private insurer if u ask me. Cos most private insurer now provides a lifetime coverage of up to 500k and more and i heard some got no limits also. Just ask and enquire with your insurance frens

Dont just look at how much you are being covered in event that you are ill. MOST IMPORTANT QUESTION> Ask your insurer about your LIFETIME COVERAGE.

Basic Medishield only have a lifetime coverage of 200k used to be only 100k years back.( Just an example of my mum: diagnosed with cancer,stroke and kidney failure, 3rd year of treatment 200k all paid up and insurer wash hand and leave it to you, my mum live til the 8th year after diagnosed before she passed away, so just make a guess the amount that i have spend after the insurer stops paying.)

ericgo SG

For those who follow me , will know i encourage planning retirement funds from insurance companies .

Here , we also encourage Hospitalisation Plan .

But i do not know if BCL's plan is from CPF .

CPF do have Medishield .

If u have not sign up any , pls proceed to nearest CPF to sign up , no cash involve if u have sufficient funds in Medisave to sign up .

Very easy one , sign on the dotted line only .

They will tell you pay how much from your Medisave , u authorised only .

I have never ever look into insurance as a form of saving or retirement> i think the word of the company says it all "INSURANCE".

Insurance to me is a form of protection and that alls no more no less. And if im well insured its on a no returns and max coverage basis.

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