Health & Insurance

If you happened to be one who always run away when you see an insurance agent approaching. This blog is for you.

Recently, there is this incident where 1 of my relative is hospitalised. After he is discharged and with the summary report, hospital bills we helped to submit for compensation. This is when we realised his policy is way back in 1993, where hospitalisation per day is @ $60/day and his current bill stated is $150/day. This is a huge gap of a $90/day so imagine that he stayed for 5 days, he will not be compensated for a difference of $450? This may not be significance however, when the bills rolled up to thousand of dollars and 50% of difference is great. That is where you have to cough out the short fall.

So don’t think that after you bought the hospital plans and you can be safe already. Make sure you do check with your insurance agent at least once or twice a year to make sure your policy is still very much updated. Or at least not too far off before it is too late. As for my relative, now he can’t upgrade his policy, even if he does now, that illness of his will be opt out…