Depending on their choice of insurance provider, individuals who purchase an Integrated Shield Plan (IP) for private hospital treatment can end up paying a staggering difference of more than $85,000 over their lifetimes.
This substantial disparity underscores the importance of careful consideration when selecting an IP provider.
IP is an optional health coverage provided by private insurance companies, typically for stays in A or B1-type wards in public or private hospitals. Recent data published by MOH shows significant premium variations even among plans categorised under the same ward class, as both coverage and pricing are determined by the insurer.
Hear from Assoc Prof Wee Hwee Lin and Asst Prof Cynthia Chen as they discuss how individuals can evaluate their options, in consideration of long-term healthcare expenses, when choosing insurers.