Health insurance is tricky but it
is a necessity. You need to understand what exactly you’re paying for and why
you are paying for it. That being said you should be open to the different
kinds of coverage and what they offer because you want to be prepared for the
unexpected.
The beauty about getting health
insurance especially in Singapore is that it has a very wide range of health
insurance choices based on what you need and how much you can afford. It was
once medishield offering the locals the coverage they need so that when the
time comes hospital bills won’t put too much of a strain on their finances.
Now, there are private companies that are able to provide these benefits as
well.
Forget About All the Misconceptions
There are a few misconceptions
that people have that make them hesitant in acquiring a more comprehensive
insurance plan. There are those who are satisfied with their Medishield plan
when they don’t realize that as good as the Medishield plan is there are
limitations to their coverage. Integrated shield plans cover your
pre-hospitalization and post-hospitalization costs as Medishield does not. And
with a Medishield coverage even if your bill may be lower you will still need
to pay for a significant amount depending on your condition and treatments.
Do Not Settle for Employer
Coverage
There are those who see the
importance of having a more comprehensive health insurance plan and look to
their employers to provide this. The problem here is that even if you are
covered, you may start holding on to a job for the sake of this coverage. This
type of coverage does not help you in the long term because in the event you do
lose your job you will lose this coverage too and you’ll be back at square one.
Author: Katrina (dorsopathy.com)
