Consider whether you need supplementary coverage for healthcare

Two-thirds of patients who are hospitalised opt for Class B2 and C wards (six to 10 bedders) in public hospitals. MediShield Life provides sufficient coverage for your large Class B2 and C bills.

If you prefer Class A and B1 wards (one to four bedders) in public hospitals or private hospitals, or to choose your own doctors, IP can offer supplementary coverage. Choose a plan which you can afford and meet your needs.

Your private medical insurance premiums could be up to five times of your MediShield Life premiums when you are in your 70s or 80s.

You’ll need to ensure that you can afford the higher premiums especially at older ages when you have stopped working. 

MediShield Life premiums can be fully paid with MediSave. You can only use MediSave up to the AWLs to pay for the IP premiums. Premiums above the AWLs will have to be paid in cash.

You’ll need to consider if you can afford to top up the differences in cash, especially at older ages when you have stopped working.