Nobody needs to get sick. Irrespective of how a lot the hospitalisation charges and costs are subsidised, regardless of how a lot you’re coated by MediShield Life, it’s the sheer inconvenience of falling sick that the majority of us are really fearful about.
With regards to important sicknesses, although, like most cancers or main coronary heart circumstances, that “inconvenience” can develop into a full-blown downside when you’re not ready for it, mentally and financially.
However let’s be critical right here – who can really say they’re ready to fall critically ailing? Until you understand of a relative or good friend who has suffered from a serious sickness, you by no means actually know what to anticipate. Particularly after you’ve been hospitalised.
Being recognized with most cancers, for instance, includes a number of therapies post-hospitalisation, like chemotherapy and radiotherapy. Because of MediShield Life, you’re usually coated for these therapies.
However there are different procedures that MediShield Life doesn’t cowl, like outpatient CT and MRI scans, which can assist to diagnose how effectively the therapy is working. MediShield Life doesn’t cowl, like outpatient CT and MRI scans, which can assist to diagnose how effectively the therapy is working. There may additionally be different prices concerned – similar to counselling and rehabilitation therapies, for instance.
All these further prices do add up, and sadly, using Medisave for outpatient CT and MRI scans and different diagnostics for most cancers sufferers is restricted to $600 per 12 months per affected person. This implies the remainder of the price must be borne by you.
With most built-in defend plans, you might be additionally coated between 90 to 180 days, or from 3 to six months, for therapies earlier than and after hospitalisation. That stated, in the case of extra critical sickness like most cancers, stroke and coronary heart illnesses, it could take rather more than 6 months to get better.
Now, think about you will have three hundred and sixty five days of post-hospitalisation protection!
With the introduction of AXA Protect, Singaporeans now have the choice to select an built-in defend plan that provides them three hundred and sixty five days of post-hospitalisation protection. Realizing that we now have a number of selections within the saturated built-in defend plan market, the arrival of AXA Protect in late 2016 was a game-changer. It affords you one of many longest post-hospitalisation protection in Singapore.
The period of post-hospitalisation protection turns into an important issue in the case of selecting an built-in defend plan, as a result of the incidence of most cancers is on the rise. From 2010 to 2014, the variety of most cancers instances being recognized rose steadily from 11,431 to 13,416. At the moment, about 37 individuals in Singapore are recognized with most cancers a day.
The excellent news is that with early detection and therapy, you’ll be able to combat this illness and recuperate with ease. With AXA Protect’s three hundred and sixty five days of post-hospitalisation protection, you will get that stage of therapy with out worrying concerning the period of your therapy and the monetary prices of that therapy.
However my built-in defend plan coverage says I’m coated “as-charged”, so why ought to I fear?
“As-charged” implies that there are not any higher limits to the quantity that you would be able to declare per therapy. Nevertheless, there may be usually a yearly complete restrict to your coverage’s claims. More often than not, the restrict is excessive sufficient that there’s nothing to fret about, however it’s nonetheless necessary to make sure your therapy just isn’t maxing out your protection.
With three hundred and sixty five days of post-hospitalisation protection, you could be involved that you’ll exceed your yearly protection restrict. In spite of everything, an extended protection interval will imply extra therapies and extra claims.
Happily, with AXA Protect Plan B – which supplies protection for Class A wards and beneath in public hospitals – you will have an annual protection restrict of $550,000, larger than most different built-in defend plans. However what’s extra, with AXA Protect Plan A – which supplies protection for personal hospitals – you will have an annual protection restrict of $1 million.
It’s clear, subsequently, that having one of many longest post-hospitalisation protection is not only a advertising and marketing gimmick that AXA Protect is selling. They’re backing it up by supplying you with an annual protection restrict that ensures your payments won’t ever exceed the declare restrict.
Is AXA Protect too good to be true then? What’s the catch?
With such a protracted post-hospitalisation protection, and a excessive annual protection restrict, AXA Protect is clearly not going to be the most cost effective built-in defend plan out there. Surprisingly, although, for somebody aged between 31 and 40 years, AXA’s premiums for personal hospital plans price round $42 extra in comparison with most different built-in defend plans. Within the grand scheme of issues, that further $42 or so annually is a small value to pay for the extent of comfort that AXA Protect affords.
Finally, in fact, it’s best to choose an built-in defend plan that’s finest for you. In case you are not planning to go to a non-public hospital on your therapy, then there’s no have to pay the additional premium for AXA Protect Plan A. It can save you by choosing AXA Protect Plan B and nonetheless benefit from the three hundred and sixty five days of post-hospitalisation protection.
Are you curious about the brand new AXA Built-in Protect Plans? Apply Now to get the built-in defend plan with one of many longest post-hospitalisation protection.
This text is dropped at you in collaboration with AXA.