Hospital

Hospital Care Insurance: Your Financial Safety Net During Hospitalization

Have you ever worried about the unexpected costs that come with a hospital stay? You're not alone. Many Singaporeans find themselves caught off guard by the additional expenses that pile up during hospitalization. That's where Hospital Care Insurance comes in. Let's dive into what this plan offers and how it can provide you with peace of mind when you need it most .

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What is Hospital Care Insurance?

Hospital Care is a specialized insurance plan designed to provide you with extra cash benefits when you're hospitalized . It's not meant to replace your primary health insurance but to complement it, giving you additional financial support for those unexpected expenses that crop up during a hospital stay.

Key Features That Set Hospital Care Apart

24-Hour Global Protection

You're covered anywhere in the world, as long as you're not away from Singapore for more than 90 days in a policy year.

Daily Hospital Cash Benefit

Receive up to $300 per day when you're hospitalized.

ICU Triple Cover Benefit

Get up to $900 per day if you're admitted to the Intensive Care Unit (ICU).

Day Surgery and Emergency Outpatient Coverage

Covers expenses for day surgeries in a hospital and emergency outpatient treatment for injuries.

Ambulance Expenses

Reimburses you for ambulance costs to transport you to the hospital.

Home Recovery Benefit

Receive up to $150 per day for up to 5 days when you're recovering at home after hospitalization.

Real premiums suggested for Hospital Care Insurance

25, Female making $3,500 a month

Coverage:
hospital
private
Premium:
$35
Read More
Get your own quotes →

What Does Hospital Care Cover?

Daily Hospital Cash

Classic Plan: $100 per daybr>Deluxe Plan: $200 per daybr>Preferred Plan: $300 per day br>You can claim this for up to 730 days for each injury or sickness.

ICU Triple Cover

Classic Plan: $300 per daybr>Deluxe Plan: $600 per daybr>Preferred Plan: $900 per day br>This is available for up to 60 days for each injury or sickness.

Day Surgery

Classic Plan: Up to $250br>Deluxe Plan: Up to $750br>Preferred Plan: Up to $1,200 br>This covers expenses for day surgeries performed in a hospital.

Emergency Outpatient Expenses

Classic Plan: Up to $250br>Deluxe Plan: Up to $750br>Preferred Plan: Up to $1,200 br>This covers treatment within 48 hours of an accident and follow-up treatment for up to 30 days.

Ambulance Expenses

All Plans: Up to $500 per policy year

Home Recovery After Hospitalization

Classic Plan: $50 per daybr>Deluxe Plan: $100 per daybr>Preferred Plan: $150 per day br>This is available for up to 5 days for each injury or sickness.

How Much Does It Cost?

The premium rates depend on your age and the plan you choose. Here's a simplified breakdown:

For the Classic Plan:

  • Ages 30 days to 25 years: From $209.28 per year or $18.37 per month
  • Ages 26 to 50: From $223.45 to $285.58 per year
  • Ages 51 to 65: From $416.38 to $588.60 per year
  • Ages 66 to 75 (renewals only): From $668.17 to $1,543.44 per year

For the Preferred Plan:

  • Ages 30 days to 25 years: From $514.48 per year or $45.14 per month
  • Ages 26 to 50: From $551.54 to $882.90 per year
  • Ages 51 to 65: From $1,291.65 to $1,883.52 per year
  • Ages 66 to 75 (renewals only): From $2,233.41 to $4,026.46 per year

These rates include 9% GST and are subject to change. You can choose to pay yearly (with a 5% discount) or monthly.

Family Discount

You can save money by insuring your family members under the same policy:

  • 2 insured persons: 10% discount
  • 3 insured persons: 15% discount
  • 4 or more insured persons: 20% discount

Why Compare Hospital Care Insurance with other Hospital (ISP) Options through Whatins?

Traditional Approach

  • Only see options from advisor's preferred insurer
  • Limited comparison with MediShield Life integration
  • May push specific ward classes without full context

Whatins Advantage

  • Compare how different plans integrate with MediShield Life
  • See actual bill coverage differences between insurers
  • Get multiple perspectives on public vs private coverage
  • Understand ward class options across insurers

Real-Life Scenarios

Unexpected Hospitalization

Imagine you're admitted to the hospital for 5 days due to a severe case of food poisoning. With the Preferred Plan: - You'd receiveb>$1,500 ($300 x 5 days) in daily hospital cash - If you need 3 days of home recovery, you'd get an additionalb>$450 ($150 x 3 days) - Your ambulance ride to the hospital would be covered up tob>$500

ICU Admission

If you end up in the ICU for 2 days due to a car accident, followed by 3 days in a regular ward: - You'd receiveb>$1,800 ($900 x 2 days) for the ICU stay - Plusb>$900 ($300 x 3 days) for the regular ward stay - Emergency outpatient expenses would be covered up tob>$1,200 br>- You'd be eligible for up to 5 days of home recovery benefit

Day Surgery

If you need a day surgery for a minor procedure: - The Preferred Plan would cover up tob>$1,200 of your surgery expenses

Pros and Cons

Pros

  • Provides extra cash for unexpected expenses during hospitalization

  • Covers a wide range of scenarios, including ICU stays and day surgeries

  • Offers global protection

  • No deductibles

  • Family discount available

Cons

  • Not a replacement for comprehensive health insurance

  • Coverage limits may not be sufficient for long-term or severe illnesses

  • Premiums increase with age

  • Coverage ends at age 75

Frequently Asked Questions

Can I claim from this plan if I have other health insurance?

Yes, Hospital Care provides cash benefits regardless of your other insurance plans.

Is there a waiting period before I can make a claim?

The policy documents will specify any waiting periods. It's best to check with Income directly.

Are pre-existing conditions covered?

Generally, pre-existing conditions are not covered. Check the policy terms for specific exclusions.

Can I upgrade my plan later?

You should check with Income about options for upgrading your plan after purchase.

How do I make a claim?

Contact Income as soon as possible after your hospitalization. They will guide you through the claim process.

Conclusion

Hospital Care Insurance offers a financial cushion during times of hospitalization , providing you with extra cash for those unforeseen expenses. While it's not a replacement for comprehensive health insurance, it can be a valuable addition to your overall financial protection strategy.

Remember, the best insurance plan is one that fits your specific needs and circumstances. If you're considering Hospital Care or any other supplementary health insurance, it's wise to consult with a financial advisor who can provide personalized recommendations based on your unique situation.

Ready to explore your options further? Don't rely on just one perspective. Get expert insights tailored to your unique needs. Sign up now to receive 5 expert opinions on supplementary health insurance options . These professionals will review your specific situation and provide personalized recommendations, helping you make the most informed decision possible.

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

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Why people were suggested Hospital Care Insurance

Stacey
Stacey, 25
GenderFemale
Monthly Income$3,500
Insurance Types Suggested
  • Term Life
  • Critical Illness
  • Hospital
  • Disability
  • Personal Accident
Why Hospitalisation Insurance was suggested:
Hospitalisation insurance is suggested to cover Stacey's medical expenses in case of hospitalization. With a private hospital cover, it provides Stacey with better healthcare options and comfort during medical emergencies. This aligns with the advisor's goal of creating a cost-effective yet powerful portfolio for Stacey's insurance planning.
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