Monday, July 09, 2007

High expense to treat a premature baby

I know of a recent case. A baby was born premature. The cost of treating the baby in a private hospital is estimated to be $60,000 to $90,000. It is a lot of money.

There is insurance to cover this incident, but the cost is likely to be $500 to $800. Many people feel that they do not need this insurance, until something happens. Then, it becomes a big burden.

I recall that the risk of a premature baby is probably 1%. In some cases, the cost is modest. But, for severe cases, the cost could be as high as indicated above.

Lesson: Buy insurance to cover this risk. Treat it as part of the total cost of having a baby. Add it to the gynaecologist fee and delivery charges.
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3 comments:

Thomas Phua's Blog said...

Most Shield Plan premiums for baby is very low.

Problem is many parents alway think what will happen to a young child until it is too late.

Take a look at Shield Plan premiums, it is low and worth the expense.

One of my client's 3 year old boy had bone marrow transplant and stayed in KKH B2 ward for more than a month and with treatment cost more than $20,000.

Premium paid for Plan Basic Enhanced Incomeshield is $61 only.

- Thomas Phua

July 09, 2007 6:35 PM
Khiat Han Hwee Adrian said...

The shield plan do not cover complications caused by premature birth of the baby.

For such cases of $60-$90k hospital bills caused by it are rare but catastrophic.

This is one cover that insurance companies can consider introducing for the public in future.

July 10, 2007 12:05 AM
Geoffrey Sy said...

may i know which plan covers premature births? thanks!

November 01, 2008 7:25 PM

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