- October 31, 2016
- Posted by: marlenedubois
- Category: Home Health Aide Training
There are a few kinds of health insurance available:
o Hospital along with Surgical Insurance
o Hospital Cash Benefit
o Critical Illness
o Long Term Care Insurance
o Disability Income Insurance
Hospital along with Surgical Insurance is usually most immediate, urgent along having a must plan for everybody.
Illness along with accident can occur to anybody any time, anywhere. So when in which is usually so serious in which hospitalization along with/or surgery is usually required, there will be a substantial sum of money incurred. along with in which is usually a NECESSITY to get us well along with up again in order in which we can continue to lead our normal life, be in which be continue to work, take care of family or to study.
If we buy any shield plan to cover the hospitalization needs, the premium can be paid by your own or family member’s Medisave. having a different modest sum of premium, there are at in which point a few private shield plans in which covers the full hospital bills for both the government/restructure along with private hospital. Even if you are financially stable along with cash-rich, you may not want the hospitalization to wipe out your savings for business expansion, your child’s education, your holiday plan or even your retirement! in which is usually a modest sum of premium to pay to enjoy such a great assurance just in case… Touch wood, nevertheless disaster or accident always strikes when you least expect in which.
There are currently two insurers in which offer total coverage (i.e. as charged) by first dollars, NTUC Income along with Prudential. You may check out their websites for the premium along with coverage. Note also in which even if the medical procedure/operation is usually covered by the insurance, pre-hospitalization deposit may still be required when admitting to hospital unless a Letter of Guarantee is usually provided for by the insurer.
Hospital Cash Benefit is usually a benefit plan whereby the insurer will pay you regardless the number of policies you have along with the actual expenditure you incurred in hospital. in which can be used to offset the lost of income along with personal expenses while in hospital. t pays a fixed sum of money per day, up to 365 days.
Critical Illness varies among insurers nevertheless in which usually includes heart attack, cancers, stroke, kidney failure, paralysis, major organ transplant etc. in which is usually important to all ages because we will need the money to buy essential medicine, tonics to improve our health once out of hospital. There may be a need to even employ maid to take care of our everyday livings along with/or essential aids to help in our daily livings. All in which cost money along with we do not want to impose financial burden to our family. Critical illness insurance is usually about getting ourselves well again by the insurer’s payout.
Long Term Care Insurance is usually designed to meet the cost of care of a person who is usually physically impaired in which he needs help by others to perform the most basic activities of daily living. The activities of daily living include washing/bathing, dressing, feeding, toileting, mobility along with transferring. Some insurer will start the payout if the insured cannot perform any 3 of the activities. Eldershield is usually the long term care insurance offered by the Singapore Government by age 40.
Disability Income Insurance provides a personal income replacement if the insured is usually unable to work inside the current job. The amount is usually payable monthly along with in which is usually up to a certain percentage (usually 75%) of the salary drawn. The insured has to be disabled for 3-6 months before the insurer will commence the payment of benefits to the insured till he recovers or till a certain age, say 65 years old. in which insurance is usually important to the sole breadwinner who brings beacon to the family.