Friday, March 08, 2019

Double coverage for health insurance

Hello Mr Tan,
In 2005, I bought a hospital plan for my mother. Though the years, I was able to use my medisave to pay for her annual premium.

Lately my insurance agent updated me that I will have to top-up cash as my mum’s getting older and her premium is getting expensive. She is 70 years old currently.

With the various policy changes, and taking into consideration she is under the pioneer generation, what would you advise? Should I change a new plan for her?

Annual premium
CPF Medishield Life - $885
Great Eastern Supreme Health Plan A Plus - $1,410
Total $2,295

Cash top-up $510

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