Upgrade Medishield for elderly?

Hi Mr Tan Kin Lian ,

I hope you can advise me on this Medishield upgrade . Presently my wife and i are both 59 years and on basic 

Medishield . I am wondering whether it is better to upgrade and even buy riders to cover the deductibles and co-insurance .  I am thinking not so much about a better bed in the hospital but whether the present basic Medishield is adequate enough to cover major illnesses . Another worry is the annual limit to medical claims for basic Medishield  and  also riders are paid in cash .

REPLY

Please read my views on Medishield in these many articles. After that, you have to make your own decision.

http://tankinlian.com/Information.aspx?q=medishield

NOTE: Consumers should attend the talks on Financial Planning and Life Insurance organised by FISCA. More details can be found at http://easyapps.sg/assn/Org/Event.aspx?id=5. (The last talk on Life Insurance was cancelled due to lack of response.)  Consumers should attend these talks and be educated, rather than expect to get free advise to their specific questions - as they may end up being conned by dishonest advisers.