- Hospital
- Personal Accident
- Critical Illness
- Endowment
Enhanced IncomeShield: Comprehensive Health Coverage for Your Peace of Mind
Are you worried about rising medical costs in Singapore? You're not alone. Medical expenses in our country are projected to increase faster than most of the region , with surgery charges experiencing the highest inflation rate. This trend can lead to significant out-of-pocket expenses and potential loss of future income. That's where Enhanced IncomeShield comes in - a comprehensive health insurance plan designed to give you peace of mind and financial protection when you need it most.
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What is Enhanced IncomeShield?
Enhanced IncomeShield is a MediSave-approved Integrated Shield Plan (IP) that provides extensive coverage for your hospital and surgical expenses. It's designed to complement the basic MediShield Life (MSHL) coverage that all Singapore Citizens and Permanent Residents have, offering additional private insurance coverage for enhanced protection.
Key Features That Make Enhanced IncomeShield Stand Out
Lifetime Coverage with No Limit
You're covered for life, with no lifetime limit on hospital claims . This feature helps reduce financial stress on your loved ones if something unexpected happens.
As-Charged Coverage for Selected Benefits
The plan helps pay for eligible hospitalization costs you've actually incurred, allowing you to focus on recovery without financial worries.
Letter of Guarantee
This makes hospital admission easier by waiving deposits required by hospitals.
MediSave-Payable Premiums
You can use your MediSave to pay for premiums , up to the Additional Withdrawal Limits.
Panel Clinics
Enjoy additional benefits when you seek treatment from Income's panel of trusted medical specialists.
High Entry Age and Long-Term Coverage
You can join the plan up to age 75 and enjoy coverage for life.
Real premiums suggested for Income Enhanced Incomeshield
23, Male making $2,500 a month
26, Female making $9,166.667 a month
26, Male making $3,333.333 a month
23, Female making $5,000 a month
19, Female making $2,000 a month
Age | What suggestion covers | Premium |
---|---|---|
23, Male making $2,500 a month | $201.87 | |
26, Female making $9,166.667 a month | hospitalisation: type private ward class standard room and below | $217.1 |
26, Male making $3,333.333 a month | $217.01 | |
23, Female making $5,000 a month | rider Deluxe Care | $65 |
19, Female making $2,000 a month | ward entitlement Standard room in private hospital or private medical institution policy year limit $1,500,000 | $186.43 |
What Does Enhanced IncomeShield Cover?
Enhanced IncomeShield offers three plan types: Preferred, Advantage, and Basic. Here's a simplified breakdown of the key benefits:
Ward Entitlement
Preferred: Standard room in private hospital br>Advantage and Basic: Ward class A and below in restructured hospitals
Inpatient Hospital Treatment
Covers daily ward charges, ICU, surgical benefits, organ transplants, surgical implants, radiosurgery, and more.
Pre and Post-Hospitalization Treatment
Preferred: Up to 100 days before and after hospitalization br>Advantage: Up to 180 days before and 365 days after (if provided by panel)br>Basic: Up to 100 days before and after
Community Hospital Care
Covers rehabilitative and sub-acute care for up to 90 days per admission.
Outpatient Hospital Treatment
Includes various cancer treatments, kidney dialysis, and immunosuppressants for organ transplants.
Special Benefits
Includes breast reconstruction after mastectomy, congenital abnormalities treatment, pregnancy and delivery-related complications, living organ donor transplant, cell, tissue, and gene therapy, proton beam therapy, and inpatient psychiatric treatment.
How Much Does It Cost?
The cost of Enhanced IncomeShield depends on your age and the plan you choose. For example:
- For ages 40 to 65: Annual premiums range from about S$311 to S$641
- For ages 66 to 75: Annual premiums range from about S$458 to S$898
- For ages 76 to 85: Annual premiums range from about S$676 to S$1,439
These premiums are inclusive of 9% GST and may increase as you get older.
Enhancing Your Coverage with Riders
Both riders also offer additional benefits for cancer drug treatments and coverage for an extra bed if your insured child is hospitalized.
Deluxe Care Rider
Keeps your out-of-pocket expenses on hospital bills as low as possible br>5% co-payment when treatment is provided by Income's panelbr>Co-payment limit of S$3,000 per policy year
Classic Care Rider
Keeps your hospital bill affordablebr>10% co-payment when treatment is provided by Income's panelbr>Co-payment limit of S$3,000 per policy year
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Real-Life Example
Let's say Mr. Lee, age 40, has the Enhanced IncomeShield Preferred Plan and is hospitalized for 4 days in a private hospital for knee replacement surgery. His total bill is S$40,000.
Without a rider:
- Enhanced IncomeShield pays: S$32,850
- Mr. Lee pays: S$7,150 (S$3,500 deductible + S$3,650 co-insurance)
With Deluxe Care Rider:
- Enhanced IncomeShield pays: S$32,850
- Deluxe Care Rider pays: S$5,150
- Mr. Lee pays: S$2,000 (5% co-payment, capped at S$3,000 per policy year)
This example shows how adding a rider can significantly reduce your out-of-pocket expenses.
Why Choose Enhanced IncomeShield?
Comprehensive Coverage
Protects you against a wide range of medical scenarios , including costly treatments like cancer therapy and organ transplants.
Flexibility
Choose from three plans and two rider options to suit your needs and budget.
Lifetime Protection
Coverage that stays with you for life , giving you long-term peace of mind.
MediSave-Approved
Use your MediSave to pay premiums, making it more affordable.
Value-Added Services
Access to panel clinics and preferred partners for enhanced benefits.
No Medical Check-Up
Guaranteed acceptance for the basic plan with no health questions asked.
Important Considerations
- Premiums are not guaranteed and may increase as you age.
- There are certain exclusions and limitations to the coverage. Always refer to the policy document for full details.
- The plan is subject to pro-ration if you choose a higher ward class than your entitlement.
- For non-Singapore citizens, there may be a reduction in benefits (citizenship factor).
Conclusion
In a world of rising healthcare costs, Enhanced IncomeShield offers a comprehensive solution to protect you and your loved ones from the financial impact of medical expenses. With its flexible plans, extensive coverage, and additional rider options, you can tailor your protection to suit your specific needs and budget.
Remember, the best time to get health insurance is when you're healthy. Don't wait until it's too late. Consider Enhanced IncomeShield as your partner in ensuring a healthier, more secure future.
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- 👉 Enhanced IncomeShield: Comprehensive Health Coverage for Your Peace of Mind
- 👉 What is Enhanced IncomeShield?
- 👉 Key Features That Make Enhanced IncomeShield Stand Out
- 👉 What Does Enhanced IncomeShield Cover?
- 👉 How Much Does It Cost?
- 👉 Enhancing Your Coverage with Riders
- 👉 Real-Life Example
- 👉 Why Choose Enhanced IncomeShield?
- 👉 Important Considerations
- 👉 Conclusion
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Why people were suggested Income Enhanced Incomeshield
- Hospital
- Personal Accident
- Critical Illness
- Disability
- Term Life
- Hospital
- Critical Illness
- Disability
- Term Life