Most of the people would have at least some basic form of medical insurance against huge hospitalization and surgical expenses by having MediShield. This basic MediShield provides some reimbursement against medical expenses and usually meant for staying in a B2 ward or C ward of a government or restructured hospital. There are limits and caps on the reimbursement.
To have an inflation-proof medical insurance plan, many buy an "as-charged" medical insurance plan which has fewer limits and caps.
As said, death and falling sick are certain in life. Getting a medical insurance plan when you are still young and healthy is a must. Buy insurance only when you don't need it.
If you have any queries, please feel free to email me at rogerlcf@aia.com.sg
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