MOH released the lifetime cost of IP premiums, which can help people know what they can afford.
An Integrated Shield Plan is optional health coverage provided by private insurance companies, typically to cover stays in A or B1-type wards in public hospitals or private hospitals.
MOH’s website shows the premiums that people have to pay for IPs from the time of birth to the age of 100, based on rates in effect on April 1. Associate Professor Wee Hwee Lin, director of the Centre for Health Interventions and Policy Evaluation Research at the NUS Saw Swee Hock School of Public Health, applauded the ministry for making such information transparent.
Coverage for kidney dialysis for Class B1 plans, for example, ranges from $24,000 a year to “as charged”. Similarly, coverage for community hospital care, which is capped at 45 days per admission for some plans and 90 days for others, is up to $450 a day with one insurer, $1,000 a day with another, and “as charged” with a third.
Prof Wee said choosing an IP boils down to personal preferences and how one wishes to allocate one’s budget.
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