Are you worried about unexpected medical expenses eating into your savings? You're not alone. In Singapore, rising healthcare costs are a major concern for many. That's where AXA Basic Care comes in - a rider designed to complement your AXA Shield plan and provide you with more comprehensive coverage. Let's dive into the details of this plan and see how it can benefit you and your family.

AXA Basic Care is an optional rider that can be added to your AXA Shield plan . Its primary purpose is to cover the deductible and co-insurance components of your medical bills. In simpler terms, it helps reduce your out-of-pocket expenses when you make a claim on your AXA Shield plan.

Let's break it down with a simple example:

Imagine you have a medical bill of $10,000. Without AXA Basic Care :

• You might need to pay a deductible of $3,000

• Then, you might need to pay 10% co-insurance on the remaining $7,000, which is $700

• Your total out-of-pocket expense would be $3,700

With AXA Basic Care :

• The rider would cover both the $3,000 deductible and the $700 co-insurance

• Your out-of-pocket expense would be $0

This example shows how AXA Basic Care can significantly reduce your financial burden during a medical emergency.

AXA Basic Care is suitable for:

1. Those who want to minimize out-of-pocket expenses for medical treatments

2. Individuals who prefer having comprehensive coverage from the first dollar

3. People who want the flexibility to add on other riders for more extensive protection

The premium for AXA Basic Care varies based on your age. Here's a simplified breakdown:

• For ages 1 to 20: Premiums range from $40 to $50 per year

• For ages 21 to 50: Premiums range from $50 to $107 per year

• For ages 51 to 70: Premiums range from $142 to $419 per year

• For ages 71 and above: Premiums start from $653 and increase with age

It's important to note that these premiums are in addition to your AXA Shield plan premiums and are not payable by MediSave .

By combining these riders, you can create a comprehensive health protection plan that covers you in the hospital, at home, and even for alternative treatments.

AXA Basic Care offers a valuable addition to your health insurance coverage, potentially saving you thousands of dollars in out-of-pocket medical expenses . By covering deductibles and co-insurance, it provides peace of mind and financial protection when you need it most. However, like any insurance decision, it's important to consider your personal health needs, financial situation, and long-term plans.

Remember, the best insurance plan is one that fits your specific needs and budget. While AXA Basic Care offers significant benefits, it's always wise to compare different options and consult with a financial advisor before making a decision.

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By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best coverage for your health and financial wellbeing. Don't leave your health protection to chance – get the expert advice you deserve today .