29 Aug '12, 5am

Do you like to see clarity in the issues raised on health insurance?...

This letter has been published with some changes made by the Editor. 26 August 2012 Editor, Forum Page Straits Times I refer to the letters from Jerry Lam and Phillip Williams regarding their health insurance policies (Straits Times 24 August 2012). More Singaporeans are relying on insurance to take care of the escalating cost of health care, especially for the elderly. I urge the Monetary Authority of Singapore and the insurance associations to clarify the uncertainties faced by consumers when they are faced with stiff renewal terms, changes to the existing coverage, and exclusions for pre-existing conditions. Consumers need to be assured that their rights and interests are protected, and that they do not have to incur legal expenses to overcome unreasonable rejection of their claims. It is also important for consumers to realize that insurance is not the only solution. T...

Full article: http://tankinlian.blogspot.com/2012/08/clarify-uncertaint...

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