Integrated Shield Plans: Who Qualifies and What You Get
Learn how Integrated Shield Plans provide coverage for private hospital stays and higher-tier wards for residents in Singapore.
Integrated Shield Plans are private insurance policies designed to supplement basic health coverage, offering more comprehensive options for various medical needs.
Who it's for
This scheme is available to all residents. It is particularly relevant for individuals who want to manage their own health and disability coverage, especially those who do not have access to employer-provided group insurance.
What you get
These plans provide coverage for stays in private hospitals and access to higher-tier wards. While basic coverage exists, these plans are designed to give you more options and higher levels of care, allowing you to choose different hospital settings and medical services depending on your needs.
What it costs you
To maintain this coverage, you will need to pay annual premiums. While these are out-of-pocket costs, a portion of these premiums can be paid using your MediSave to help manage the financial impact.
The catch to know
The most important factor to keep in mind is that premiums increase significantly as you age. Because the cost of coverage rises as you get older, it is important to plan your finances accordingly to ensure you can maintain your chosen level of care in later years.
How to apply
- Research different private insurance providers to compare their specific offerings and benefits.
- Review the specific coverage levels and ward types available under different plans to ensure they meet your requirements.
- Contact an insurance provider to discuss your individual needs and receive a quote for the premiums.