hospitalisation

Hospitalisation insurance plans for my parents and myself

By ultraman cosmos

@id_peace (15379)

Singapore

January 25, 2025 10:02pm CST

I had a shock of my life when I was told that my mum's insurance coverage would cost $12k. It was way more expensive than the 10k insurance coverage of my dad's. So on total, we would need to pay almost 8k each for each kids. While it is expensive, I would gladly paid it. We will never know when do we need to use the coverage. For myself, I was warded for 6 days in ward A of a public hospital, with surgery and everything included, it would cost up to $30k if I am to pay the bills myself. I am glad that for $1.7k per year, it give me a coverage of that level. I could have went private but it will be way more expensive (easily double the bills that I will be paying) My insurance also cover expenses up to 1 year post cancer operation. Even if I am to forego all my bonuses to pay insurance, I would still be glad to do so. What about you? Are you covered by insurance coverage?

14 people like this

15 responses

@RevivedWarrior (3730)

• India

26 Jan

I have one through my employer and one taken personally . Any medical needs , I make most through my employer as it is easy to get claims settled and get reimbused when needed. The personal one , yes it can be burning my fingers. But then the idea is to have it for future. In India if an insurance coverage has been continuous for over 8 years and is always kept active , then the claims cannot be rejected post the 8 year period. Plus the bonus accumulated with no claim bonus should take care of the future in case needed. Not sure , if this is how it works in Singapore. Take care!

4 people like this

ultraman cosmos

@id_peace (15379)

• Singapore

26 Jan

That is very nice, you have bonuses that comes along with the no claim bonus. there is an incentive to be more careful and uses the company or employer insurances instead. Unfortunately for me, my company insurance was not wonderful.

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

26 Jan

@RevivedWarrior Thank you so much. I am now fully covered by my personal insurances.

1 person likes this

@RevivedWarrior (3730)

• India

26 Jan

@id_peace Hope you could find some solution , even if it means to get the help of a financial advisor.Take care!

2 people like this

Show more comments

@jstory07 (143535)

• Roseburg, Oregon

26 Jan

My husband and I are covered by Medicare which is paid for by our employees when we worked.

3 people like this

ultraman cosmos

@id_peace (15379)

• Singapore

26 Jan

That is so nice. Does that cover you when you retire or you will have to purchase Medicare with your own pocket money once you retire?

2 people like this

@jstory07 (143535)

• Roseburg, Oregon

26 Jan

@id_peace I am retired now and they cover my medical. It was part of my retirement package.

2 people like this

ultraman cosmos

@id_peace (15379)

• Singapore

26 Jan

@jstory07 That is really very nice. My employer will just say goodbye to me and let me retire. Thats it.

changjiangzhibin89

@changjiangzhibin89 (16900)

• China

27 Jan

We enjoy medical insurance ,but we needn't pay that much ourselves for insurance coverage.

1 person likes this

show previous comments

changjiangzhibin89

@changjiangzhibin89 (16900)

• China

28 Jan

@id_peace The medical bills include the part that medical insurance pays and the part at one's own expense.

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

29 Jan

@changjiangzhibin89 insurances with deductibles

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

28 Jan

That is very nice. Does the government subsidies for you a part of the medical bills as well?

1 person likes this

Show more comments

@DaddyEvil (146268)

• United States

26 Jan

I was forced to retire before I reached the retirement age in the US because I am disabled. The government covers medical bills and meds for me and should do so for the rest of my life.

1 person likes this

show previous comments

ultraman cosmos

@id_peace (15379)

• Singapore

26 Jan

@DaddyEvil Ah i see. Its time to enjoy the benefit.

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

26 Jan

Oh I see. It is nice that the government would cover your medical bills. For our case, our government do subsidies some of our medical expenses and we can only use the medical insurance that they had purchased for us with strict conditions. The rest is either paid out of our own expenses or go through our personal insurance.

1 person likes this

@DaddyEvil (146268)

• United States

26 Jan

@id_peace The government here takes taxes from our paychecks that covers this type of things. So I paid all my working life for this insurance.

1 person likes this

Show more comments

Valerie J. Routhieaux

@just4him (318816)

• Green Bay, Wisconsin

27 Jan

I'm glad you're covered by a good insurance. Yes, I have insurance.

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

28 Jan

Cool I am glad that you are covered as well.

1 person likes this

Valerie J. Routhieaux

@just4him (318816)

• Green Bay, Wisconsin

28 Jan

@id_peace Thank you.

@JudyEv (351324)

• Rockingham, Australia

26 Jan

We have good medical coverage and have also made good use of it over the last 12 months.

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

26 Jan

Does the premium goes up after usage?

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

1 Feb

@JudyEv Ah I see.

1 person likes this

@JudyEv (351324)

• Rockingham, Australia

26 Jan

@id_peace No, it doesn't but it goes up maybe every year or so. Everyone pays more if that happens.

1 person likes this

Show more comments

@shaggin (74126)

• United States

26 Jan

Wow that is costly. Insurance rates are just terrible.

1 person likes this

show previous comments

@shaggin (74126)

• United States

28 Jan

@id_peace yes it’s horrible

ultraman cosmos

@id_peace (15379)

• Singapore

28 Jan

I was told of that as well that US have one of the world's most expensive insurance.

1 person likes this

Show more comments

@kaylachan (77131)

• Daytona Beach, Florida

28 Jan

I am. But just the free insurance. A primium like that would bankruupt us.

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

29 Jan

It is really expensive and get worse with age

luisadannointed

@luisadannointed (7310)

• Philippines

1 Feb

That's a great move for you and your parents. I had before but I was not able to pay it when covid strike. But hopefully to get a much better insurance now.

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

2 Feb

I do hope that you will get a much comprehensive insurance with a lower premium now compare to the COVID period.

@xstitcher (33934)

• Petaluma, California

2 Feb

I'm having a bit of trouble with my insurance right now.

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

9 Feb

I do hope that you will be able to get it resolve eoon.11

@RebeccasFarm (93957)

• United States

26 Jan

Dear me, your place is crazy expensive..I am sorry to know it. I thought it was only the USA with such greedy systems. Yes, I am covered in my retirement all the years I paid in by Medicare.

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

28 Jan

That is nice. I am glad that all your payment is coming into plan with the protection that you now have

1 person likes this

@wolfgirl569 (114900)

• Marion, Ohio

26 Jan

Glad you have coverage

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

28 Jan

I am so glad myself as well.

1 person likes this

@Neil43 (3814)

•

7 Feb

It is really good to have insurance plans especially those that is also considered an investment where you can earn or have some dividends.

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

9 Feb

Ah yes, I do have income funds which give me monthly dividend income.

@grenery8 (16096)

• Zagreb, Croatia (Hrvatska)

27 Jan

i think i am. as you said it, privately, it's more expensive.

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

28 Jan

Indeed it is.

1 person likes this

@grenery8 (16096)

• Zagreb, Croatia (Hrvatska)

30 Jan

@id_peace you don't have to wait a lot but, it shouldn't be that expensive.

@allknowing (144306)

• India

26 Jan

Here in India some offices provide this facility for their staff that includes family members as well It is called Group Insurance.

1 person likes this

ultraman cosmos

@id_peace (15379)

• Singapore

26 Jan

Ah that is nice to hear that companies take care of employees family too