A health policy with a co-pay clause can help you make savings in the long run in the right circumstances. Let's cover what are co-payments and who they might be best suited for.
Coverage for medical and surgical expenses at restructured hospitalsCoverage for medical and surgical expenses atPRUExtra Premier Copay, PRUExtra Premier Lite CoPay & PRUExtra Premier Lite CoPayPRUExtra plans are supplementary plans that can be used to further augment PRUShield plans that you may be considering so that your coverage matches your needs.
. Aside from this small restriction, PRUExtra Preferred CoPay share the 95% deductible coverage with PRUExtra Premier CoPayThere are 2 PRUExtra supplementary plans for PRUSheild Plus, PRUExtra Plus CoPay and PRUExtra Plus Lite CoPay. PRUExtra Plus CoPay covers 95% of your deductible whilst both PRUExtra Plus Lite CoPay covers 50% of your deductible. These PRUExtra supplementary plans have the same hospital/ward coverage as PRUShield Plus, covering all Singapore Restructured Hospitals .
PRUExtra Premier CoPay as well as PRUExtra Preferred CoPay both benefit from a claim-based pricing model. With this pricing system, you start paying the lowest premium of your age band and the PRUWell reward, giving 20% savings if your policy is incepted with no exclusions. Your premium level is determined by previous claims during the review period. As long as no claims are made, you’ll continue to pay the standard-level premium.Co-Pay, alongside other mechanisms such as claim-based pricing, allows insurers to create a pricing model that is cheaper for us. Allowing us to spend more on the coverage that we need, allowing us to have peace of mind with our health insurance coverage at an affordable cost.
Interested users, looking to get an Integrated Shield plan with comprehensive coverage and claims-based pricing, can refer to this detailed
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