Friday, November 19, 2010

Myths about Private Shield

This article explains some myths about Private Shield that cause many people to be spending a lot of money wastefully.


4 comments:

Steven said...

Mr. Tan,

Does it make sense to buy Private Shield for the higher cover limit and stay at B2 or below ward? We never know how long we will be hospitalised and the higher limit can help in tis sense right?

Tan Kin Lian said...

Hi Steven
It is a waste of money. A big waste of money.

Garrett said...

Mr Tan, I respectfully disagree with your stand on private insurance. It is so inexpensive for young people. Yes, the cost does escalate exponentially when one grows older especially during retirement. However, one can always factor in medical insurance cost into one's retirement plan and plan for it appropriately. Having a shield plan also makes medical financial planning easier because the out-of-pocket limits are capped, and it allows the option of upgrading to better wards and better specialist.

Tan Kin Lian said...

Garrett,
Why don't you write another article to argue for Private Shield. I will post it up in my website as an alternative view.

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