07 Mar '18, 2pm

The days of claiming insurance for your full hospitalisation fees are all but over:

Planning to purchase a hospitalisation insurance plan with a rider that allows you to pay nothing for hospitalisation fees? Well, that would no longer be possible, from tomorrow onwards (March 8). Advertisement Patients with new Integrated Shield Plan (ISP) riders will still have to foot some of their healthcare costs, Health Minister Gan Kim Yong announced during the Committee of Supply debates today. For those Singaporeans who do not understand what ISP is, or what riders are (they are not cyclists!), please read on. The details below are very important for you, your family, your grandparents and all your closed ones. Advertisement I don’t get it? Bear some healthcare costs? Essentially, new hospitalisation insurance plans will require policy holders to co-pay at least 5% of their hospitalisation bills, even if they purchase a rider. The co-payment amount can be capped a...

Full article: https://mothership.sg/2018/03/insurance-rider-gan-kim-yon...

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