+65 9001 0001 kelvin@kelvinkhoo.com


by | Aug 5, 2009 | Medical | 0 comments

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!

hospitalcashplusbrochure-hcp2040906april09.pdf    hpctermsandconditions_finalphr.pdf

So, go through your portfolio and if this plan can complement your existing for medical coverage, call me at 61004888 for an appointment!

About Kelvin

26 years and still counting, as a Personal Wealth Manager and part of the inaugural batch of Prestige Elite Advisors from AIA Affluent & High Net Worth Division, the certifications and accreditations have equipped me with the ability to partner Law Firms, Tax, Trust and Immigration Advisory Companies to offer their services to my clients.