NEED TO KNOW

Simply Her (Singapore) - - Mount Elizabeth Special -

MEDISHIELD Med­i­cal ex­pense insurance paid for from your Medis­ave ac­count and ad­min­is­tered by the CPF Board. This helps with med­i­cal ex­penses from ma­jor ill­nesses and cov­ers pro­longed hos­pi­tal stays in Class B2 (six-bed­ded) and C (nine-bed­ded) wards. The max­i­mum cov­er­age age is 90 years.

*Cov­er­age could dif­fer. More de­tails can be found in www.cpf.gov.sg.

PRI­VATE IN­TE­GRATED SHIELD PLAN A Medis­ave-ap­proved insurance plan that gives you ad­di­tional cov­er­age when you opt for Class A and B1 wards in pub­lic hos­pi­tals, or pri­vate hos­pi­tal­i­sa­tion. It doesn’t re­place Medishield, but rather sits on top of it, ex­tend­ing the hos­pi­tal cov­er­age of­fered so that you can choose a pri­vate hos­pi­tal and still pay less.

Schemes are op­er­ated by a num­ber of dif­fer­ent in­sur­ers, most of which will is­sue a let­ter of guar­an­tee be­fore your pro­ce­dure. This as­sures the hos­pi­tal on your be­half that you have the nec­es­sary insurance to cover your stay and so re­duces your up­front costs. There are a num­ber of dif­fer­ent op­tions for pri­vate in­te­grated shield plans. The most com­pre­hen­sive in­volves adding a rider to cover the de­ductible and co-insurance por­tions of your bill, which can even make your fi­nal pay­ment zero.

RIDER This is op­tional to the pri­vate in­te­grated shield plan. It is de­signed to give added fi­nan­cial pro­tec­tion at lower cost.

DE­DUCTIBLE The ini­tial amount you need to pay your­self for claims made in a year, be­fore your insurance kicks in.

CO-INSURANCE The amount you need to co-pay or share af­ter you pay the de­ductible, usu­ally ex­pressed as a per­cent­age.

CHECK WITH YOUR IN­SURER NOW To fully lower out-of­pocket costs to zero, the pa­tient also needs to buy a cash rider on top of the pri­vate in­te­grated shield plan. Insurance cov­er­age varies with plan types, so check with your in­surer for more de­tails.

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