When one needs to be warded for treatment, the challenge starts right from the admission counter itself – having to decide on which Ward and how many Bedder, unsure if the insurance cover is adequate, who to claim from: personal or employer, etc…
Often, the in-patient stay can be easily taken care if there’s a Shield Plan and some form of Basic H&S Cover for a typical hospital confinement that doesn’t include surgery.
However, is there an incident where some of the items you incurred are non-claimable? How about incidents relating to the confinement thats NOT a direct link to the confinement; transport charges, supplements, additional expenses incurred at home due to the hospital confinement, just to name a few?
A Hospital Income Plan can actually provide extra cash just to meet such unexpected expenese related to a confinement yet, not directly.
MSIG has just launched a pure Hospital Income Program that will pay a daily benefit for every hospitaliation confinement. This pays on top of your existing plans as its a Benefit, and not reimbursement. For a typical policyholder of mine who has a HealthShield Gold and New Pink of Health Plan. In the event of a hospitalisation, HealthShield Gold and New Pink of Health’s Hospital Expenses will reimburse you for the amount you incurred during your stay. New Pink of Health will also provide a Daily Hospital Income. This plan, when enrolled, will pay an additional income. Most importantly, there’s incentives for each year of no claims made – a discount on renewal premium!
In short, with rising medical costs in Singapore and only higher bills to be anticipated, one cost effective way to provide for such a contingency is the use of Hospital Cash Plan.
A copy of the brochure and policy wordings are attached and until 31 August 2009, there is a 15% discount on individual plans and 25% discount if your spouse or child enrols simultaneously. With every enrolment, a chic gym bag, worth $25, is also given and for premiums exceeding $500, you may opt to pay via your DBS or POSB Credit Cards over 12 months instalment at 0% interest!
So, go through your portfolio and if this plan can complement your existing for medical coverage, call me at 61004888 for an appointment!