Appropriate Shield Plan ( PMI ) for appropriate medical care

Many have Basic Medishield (click this link to have a better understanding), Incomeshield, or other insurer's PMI ( Private Medical Insurance, hospital & surgical plan paid with medisave )

Many also confuse themselves between Medisave and Medishield. Click the respective link to have a better understanding.

Whatever one has, the basic need is still any of the H&S plan paid by medisave account.

One can use their medisave to pay for the premium of such plan for their immediate family including the parents.

Problem arises normally when one has no clear understanding of the features or term and condition of the plan.

1. What is the Plan Type
Example, is the plan covering B1, A ward care of restructured hospital or Private Hospital care.

This has been misunderstood by some one who wrote to ST forum about his mother having a Basic Medshield and when hospitalised in a Private Hospital with a bill of $50,000 the shield plan covers only $1,500.

A clear understanding of the plan type, DEDUCTIBLE AND CO-INSURANCE is beneficial to the understanding in event of claim.

2. Deductible and Co-insurance
**Co-insurance and deductible payments are mandated by the Ministry of Health
Example Plan Basic has a Deductible of $2000 and 10% co-insurance.
If one is hospitalised, the first $2000 of the bill will have to be paid by insured, and any bill beyond $2000, has a further co-pay of 10%.

Ntuc Income's Enhanced Incomeshield maintain a 24 hour hotline 63321133 to advise policyholder on claims matter, policyholder is encouraged to call the hotline prior to any hospitalisation.