Mr Tan Kin Lian wrote an ebook on medical insurance. It is a short and easy to read ebook which only gives you the necessary information to make a good decision. You will be able to answer the following questions after reading the ebook.
- Should you buy a Private Shield Plan or stick to Medishield?
- In fact, are there alternatives to all these? Can I afford to live without them?
I have a Private Shield Plan and I am still fine with it because my premium is still low for my age. However, I do see the premium climbs steeply after a certain age. I will have to balance between the premium cost and the potential benefits I would be getting. Is it worth it eventually? The answer may be no for me in the future. Mr Tan is not trying to persuade you not to get a Private Shield Plan but he laid out the numbers for you to decide. He challenges you to think about the way you want to receive medical treatment in times of need. Is a luxurious private suite necessary? Or a subsidised ward would suffice? There are many questions to ask yourself and no one can tell you what is right or wrong. You have to find out your preferences and get an insurance product that suit you.
The following is the introduction of the ebook.
Many people in Singapore are worried about paying the medical bills when they get old.
All the resources you'll ever need as an investor
We've gone ahead and done the work. Compiled here are all the resources you'll need as an investor.
They hear horror stories about how costly it can be, to be treated for cancer or a serious illness.
They look for insurance as a solution, but are not aware that they cannot afford to pay the high premium rate for the elderly or may not be able to get the cover due to pre-existing conditions.
Insurance agents target people when they are young and healthy and encourage them to buy expensive medical insurance, when it is not really needed.
There is actually a practical solution for the elderly in Singapore.
This will be explained in this book.
The ebook only costs S$4 but the information to help you make a good decision is priceless. You can buy it here.