Plan for appropriate medical insurance plans

A week with heavy heart having to visit two clients suffering from cancer. Today visited the second one, quite young, age 41, is in quite bad shape, surely I hope she can be well, but kind of know it needs a miracle. But she seems strong and smile at me though she could not talk, as she has throat cancer and spreading to liver.

Very basic, everyone should plan for is a citical illness plan and the MOST IMPORTANT private medical insurance (hospital and surgical plan using medisave to pay for) plan like IncomeShield, PruShield, SupremehealthSHield, MySHield, HealthShield, etc.

You can be suspicious of insurance agents or even hate them, but these are two basic types of plans that will be helpful if a need arises.   End of the day, not everyone will use the plan, well and good, pay for peace of mind, but when it hits you and me, we can all be thankful we did it.

Switching private medical insurance

One of my client switched her IncomeShield to other insurer, Company A, telling me the policy cover her osteoarthritis of her hand, even though IncomeShield covers her as policy was taken before diagnosis. she switched and I suspect the agent did not declare her condition in the proposal form.

She informed me Company A covers her, which I know is not possible unless is non disclosure. Advised her to make sure it is declared black and white in the proposal form She kept telling me she is covered.

I asked to show me a copy of the proposal form submitted and true enough, all questions were answered "no" which means she has no condition at all, sure policy will be issued.

This is what we call NON-DISCLOSURE.

In future insurer stand to dispute the claim and can even cancel policy on ground of non disclosure.

She was told by agent questionnaire did not ask for arthritis. But all insurer will sure have a question that ask if you have received treatment for any condition. This question will mean if you have known condition, you need to declare. This is the reason why I always advise client not to any how switch the Shield Plan unless condition declared and accepted by insurer.