Lots of people complain that it’s cheaper to die than fall sick in Singapore. But actually, that’s only true if you don’t have health insurance.
All Singaporeans and PRs already have MediShield Life. But the government health insurance plan is so basic that anyone who’s actually worried about their medical costs should consider purchasing an integrated shield plan to supplement it.
Aviva is one of seven insurers offering integrated shield plans. Let’s see how good their MyShield plans really are.
What are integrated shield plans?
Integrated shield plans offer health insurance coverage over and above whatever coverage MediShield Life already offers.
The health insurance coverage offered by MediShield is very basic, offering payouts only for essential medical costs. In addition, there are limits on how much you can claim. If you don’t have private health insurance, you will have to pay out of pocket any costs above the claim limits or those not covered by MediShield Life.
You will need private insurance in order to stay at higher class wards rather than be limited to Class B2 or C wards. You can also choose to go to private hospitals if you get a plan that covers you for them.
Another key feature of integrated shield plans is that they offer coverage for pre-hospitalisation and post-hospitalisation costs, which are not covered by MediShield Life. This is important as the costs you incur before and after hospitalisation are often considerable and might even exceed the costs you incur while hospitalised.
Aviva MyShield premiums
|Aviva MyShield||Access||Annual premium*||Pre-hospitalisation cover||Post-hospitalisaton cover||Annual coverage limit|
|Plan 1||Private hospitals||$310 (payable by Medisave) + $409 = $710||90 days||180 days||$1,000,000 (bumped up to $1,250,000 if you go to a panel specialist)|
|Plan 2||Class A wards||$310 (payable by Medisave) + $168 = $478||90 days||180 days||$600,000|
|Plan 3||Up to B1||$310 (payable by Medisave) + $100 = $410||90 days||180 days||$300,000|
* For Singapore citizens aged 35. Swipe left to see full table.
The three Aviva MyShield plans are rather blandly called Plan 1, Plan 2 and Plan 3.
Plan 1 gives you access to any standard ward in private hospitals. It’s the costliest plan of the three.
Plan 2 gives you access to any standard ward (including Class A wards) in restructured/public hospitals.
Plan 3 gives you access to hospital wards up to Class B1 (4 bed standard ward) in public or restructured hospitals, one step up from the Class B2 wards that MediShield Life gives you access to.
The annual coverage limits are decent enough, but one area that’s a bit lacking is the pre- and post-hospitalisation cover, which are only 90 and 180 days respectively. That is not great, considering diagnosis and testing can sometimes take months. You can, however, buy riders that will extend your post-hospitalisation coverage.
In terms of pricing, Aviva MyShield’s plans are pretty damn expensive compared to what other insurers are offering. If you’re prepared to pay that much, you might be better off picking a plan that offers longer pre- and post-hospitalisation cover.
That being said, MyShield does come with some perks if you buy the relevant riders, such as free cover for babies of up to 6 months of age if both parents have Plan 1 or Plan 2, as well as free integrated shield plan coverage and discounted premium rates for up to four children. So if you’re a family with kids, this could be a good plan to have until your kids no longer qualify for free/discounted insurance.
Aviva MyShield additional riders
Aviva’s MyHealthPlus riders enable you to reduce your deductible and co-payment portion, so you pay less out of pocket when you make a claim.
These riders are also ideal for those with kids, as Option A-II gets you free integrated shield cover for up to four kids, while Option C-II gets you preferred rates for the kids.
- MyHealthPlus Option A-II – Covers 50% of your co-insurance and caps it at $3,000 per year, extends post-hospital treatment to 365 days after discharge. Raises additional policy year limit to $1,250,000 and $2,500,000 per lifetime at overseas hospitals on the panel. Offers daily cash payout of $125 for overnight stays of up to 60 days. Also offers free cover for children and a ward downgrade benefit when you go to restructured/public hospitals.
- MyHealthPlus Option C-II – Covers 50% of your co-insurance and caps it at $3,000 per year, extends post-hospital treatment to 365 days after discharge. Raises additional policy year limit to $1,250,000 and $2,500,000 per lifetime at overseas hospitals on the panel. Offers daily cash payout of $125 for overnight stays of up to 60 days. Also offers preferred rate for children and a deductible benefit.
How does Aviva MyShield supplement MediShield Life coverage?
As with other integrated shield plans, Aviva MyShield is meant to offer coverage in areas that MediShield does not. This includes ambulance fees, higher claim limits, pre- and post-hospital treatment and treatment for rare conditions that MediShield excludes.
The way integrated shield plans like Aviva MyShield are structured ensures that you do not end up paying for duplicated protection. So, you can continue paying for whatever is already covered by MediShield Life through Medisave, and then pay in cash the additional protection that Aviva provides.
Should you get an Aviva MyShield plan?
The main issue with Aviva MyShield is that it is pretty damn expensive considering the protection offered. You can get better pre- and post-hospitalisation cover at a lower price by going with a different plan such as Prudential’s PruShield.
Those who stand to benefit the most are affluent families with multiple kids who have the means to purchase one of the riders, as you can then save on your kids’ health insurance premiums while at the same time beefing up your post-hospitalisation cover.
Do you have any experience with Aviva MyShield health insurance? Share your reviews in the comments.