5 things you might not know about private health insurance in Singapore

1. 5 Things You Might Not Know About Private Health Insurance In Singapore With the costs of medical treatment always on the rise, falling ill these days can prove to be very expensive. Fortunately, as a Singaporean citizen or PR, you have MediShield Life to back you up. However, the coverage given by MediShield Life may be insufficient. After all, the maximum claim limit is capped at S$150,000 per policy year. If your medical expenses exceed this limit, you might find yourself in a fix. Thus, it is advisable to consider boosting your coverage by buying private health insurance in Singapore. Private health insurance can be obtained in the form of an Integrated Shield Plan. Integrated Shield Plans offer a much higher limit of coverage, thus helping you get more sufficiently covered. That apart, these plans can be purchased by Singaporean citizens, PRs, and even expats. To help you gain a better understanding of Integrated Shield Plans, we have listed down 5 things that you might not already know about this form of coverage. 1.You can plan for high coverage If there is one thing in life that we should never compromise on, it is our health. With an Integrated Shield Plan, you can have peace of mind about getting the best healthcare in difficult times. Some of the best health insurance plans offer coverage that goes as high as S$ 1 million and above. Now, that can allow you to fully focus on your recovery.

2. 2.A rider can help cover up to 95% of your medical expenses With an Integrated Shield Plan, you can opt for a rider so that you get covered for up to 95% of your medical bills. You simply need to manage the remaining 5% of co-payment on your own. If you face an unexpected situation that requires hospitalisation with large bills, this benefit can prove to be immensely helpful as you won’t have to worry too much about deductibles and co-insurance. 3.Premiums for Singaporean citizens and PRs can be paid with MediSave If you are a Singaporean citizen or PR, you can pay your Integrated Shield Plan premiums through MediSave up to a certain limit. This is allowed provided that your Integrated Shield Plan is a MediSave- approved plan. You may also need to check the MediSave withdrawal limits. 4.Some plans cover you overseas If you travel abroad frequently, you will be glad to know that there are some Integrated Shield Plans that will also cover you overseas. This coverage usually extends to emergency and planned treatment on foreign shores. 5.You can get an instant quote for your health insurance online Best of all, you can get an instant quote for your Integrated Shield Plan premium online. Just visit your insurer’s website, provide a few details as asked and get your quote. You may also go ahead and buy your health insurance plan online too. Now, a busy schedule won’t stand in the way of you getting the coverage you need.