Compare NTUC INCOMESHIELD PLAN

If you are near age 61 to 65 range, you may face my situation of having to pay for higher and rising premium cost.  This may cause you to re-consider to downgrade your H&S coverage.  (H&S: Hospitalisation & Surgical).

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Compare NTUC Incomeshield

1. Enhanced Preferred with rider. 

-$3k max limit cap (panel doctors)

-$5k bill max cap (non-panel doctors)

-Pte Hospital "A" ward. 

-$1.5M bill cap per year

-Pre-consultation: 180 days

-Post-treatment consultation: 365 days

-2025: $6,272 (for age 61 to 65)

-Pay by Medisave: $1666.65

-Pay by Cash: $4,606


2. Enhanced Advantage with Rider

-$500k bill cap per year,

-rider: still same $3k bill limit

-Pre-treatment: 100 days

-Post-treatment consultation: 100 days

-Restructured Hospital only, "A" Ward.

-Premium: $702 + $410 (rider cost) = $1,112 p.a. !!

-Pay by Medisave: $600

-Pay by cash: $102

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Once you downgrade your coverage, you cannot upgrade next time. 

Even if you switch to another insurer, it may incur loading and/or exclusion.

Anyway, I don't think GE SupremeShield will be much cheaper than Incomeshield.

Since I am still working for another 4 to 5 more years, I am covered by my company medical. It buffers my personal H&S insurance. 

By age 65/66, the premiums will be far more than existing $6,272 p.a. under Enhanced Incomeshield Preferred with Rider. Especially when the next premiums jump will be age 66 to 70yo.

My then, I will surely downgrade to Enhanced Advantage with Rider. 

My Takeaway 

1. Downgrade now and save for next 5 years of $5k per year.

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