NTUC Income is a household name when it comes to insurance, with many just defaulting to them when it comes to travel insurance or motor insurance. They also have integrated shield plans in the form of NTUC Enhanced IncomeShield. Let’s see how these health insurance plans measure up.
What are integrated shield plans?
Integrated shield plans are a type of health insurance policy unique to Singapore. They are meant to supplement the basic health insurance protection offered by MediShield Life, which all Singaporeans and PRs are signed up to.
MediShield Life’s basic health insurance protection is very bare-bones. Payouts will only cover stays in Class B2 or Class C wards in public/restructured hospitals, and a lot of things are not covered, such as pre- and post-hospitalisation costs, which is problematic as these can sometimes be just as high as your hospitalisation costs themselves.
Integrated shield plans work to supplement your existing MediShield Life protection without duplicating it. With something like NTUC Enhance IncomeShield, premiums are likely to be lower than a separate health insurance plan from a foreign insurer offering the same protection.
NTUC Enhanced IncomeShield integrated plan premiums
|NTUC Enhanced IncomeShield||Access to||Annual premium*||Pre-hospitalisation cover||Post-hospitalisation cover||Annual coverage limit|
|Basic||Class B1||$310 (payable by Medisave) + $71 = $381||100 days||100 days||$250,000|
|Advantage||Class A||$310 (payable by Medisave + $104 = $414||100 days||100 days||$500,000|
|Preferred||Private hospital||$310 (payable by Medisave) + $375 = $685||100 days (180 days if you use a healthcare provider on their panel)||100 days (180 days if you use a healthcare provider on their panel)||$1,500,000|
*For Singapore citizens aged 35
There are three tiers of NTUC Enhanced IncomeShield policies. For all of them, you can pay a portion of your premiums using Medisave. The remainder will have to be paid out of pocket.
The Preferred plan covers you for stays in private hospitals, Advantage gives you access to Class A wards in public/restructured hospitals, and Basic lets you stay at B1 wards in public/restructured hospitals.
One of the weakest points is that their pre- and post-hospitalisation cover of 100 days is just not that generous. The Preferred plan fares a little better as you have the chance to get 180 days of pre- and post-hospitalisation cover if you use a hospital on their panel. But even then, there are other insurers offering the same thing at a lower price.
The plan does have it perks, however. For one thing, NTUC Enhanced IncomeShield does not impose sub-limits on the amounts you can claim in certain categories like hospitalisation snd surgery. That means you can claim for treatment as charged. The annual coverage limit for their Preferred plan is also decent at $1,500,000.
In terms of price, their Basic and Advantage plans are very competitively priced, while the Preferred Plan is relatively expensive.
See our full comparison of integrated plans before deciding on which IP to get.
NTUC Enhanced IncomeShield additional riders
Here are the riders that you can purchase in order to reduce your co-payment portion for your NTUC Enhanced IncomeShield plan:
- Deluxe Care Rider: Limits your co-payment to 5%. In addition, you pay a maximum of $3,000 when you use a hospital on their panel. You don’t need to pay any additional non-panel payment with the rider when you use a hospital that’s not on their list. You can also get up to $80 per day for an extra bed if your insured child gets warded.
- Classic Care Rider: Limits your co-payment to 10%. In addition, you pay a maximum of $3,000 when you use a hospital on their panel. Your additional non-panel payment is capped at $2,000 when you use a hospital that’s not provided by their panel. You can also get up to $80 per day for an extra bed if your insured child gets warded.
How does NTUC Enhanced IncomeShield supplement MediShield Life coverage?
NTUC Enhanced IncomeShield raises the annual claim limit of $100,000 MediShield Life gives you to $1,500,000. It also enables you to stay at better wards or in private hospitals, depending on which plan you choose.
Being able to make claims for pre- and post hospitalisation expenses is also a key benefit, as these costs can be considerable and aren’t covered by MediShield Life. Other perks include being able to make claims for emergency hospitalisation while overseas.
Should you get NTUC Enhanced IncomeShield?
Overall, NTUC Enhanced IncomeShield is fairly unimpressive in terms of value-for-money.
If you’re looking for an affordable budget Class B1 or Class A plan, you might want to consider Great Eastern Supreme Health Integrated Shield Plan instead.
On the other end of the scale, if you’re looking for a private hospital plan with good perks, you might want to consider AIA HealthShield Gold Max A instead, as you can get much better pre- and post-hospitalisation coverage when you use a provider on their panel.
Do you have any experience with NTUC Enhanced IncomeShield? Share your reviews in the comments!
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