AXA Protect is one in all 7 Built-in Protect plans in Singapore, that are designed to complement your present MediShield Life protection.
As you may know, shopping for medical health insurance is likely one of the most vital issues you are able to do as a working grownup right here. Medical care in Singapore is notoriously costly, and counting on MediShield Life may result in some nasty surprises as a consequence of its many limits and exclusions.
Let’s discover out extra about how AXA Protect plans stack up.
What are Built-in Protect plans?
First, a phrase about Built-in Protect plans: These are medical health insurance insurance policies which are designed to work hand-in-hand with the MediShield Life protection that Singaporeans and PRs have already got.
As an alternative of duplicating the safety provided by MediShield Life, built-in defend plans act as a complement, providing protection in areas that MediShield Life doesn’t and elevating declare limits.
As an example, MediShield Life covers as much as Class B2 wards at public hospitals however not B1, A or personal hospitals. It additionally doesn’t supply protection for prices incurred earlier than and after hospitalisation, which is worrying as these prices can generally exceed prices incurred whereas hospitalised.
That’s the place Built-in Protect plans are available. They provide protection for pre- and post-hospitalisation prices, larger class wards like Class B1, Class A or personal hospitals, and different prices like ambulance charges.
AXA Protect Built-in Protect premiums
AXA Protect | Ward | Annual premium* |
Plan B | Class A | $310 (MediShield Life) + $156 = $466 |
Plan A | Non-public hospitals | $310 (MediShield Life) + $286 = $596 |
* For Singapore residents aged 35
AXA Protect is available in two varieties: Plan A (covers as much as personal hospital wards) and Plan B (as much as Class A wards in public/restructured hospitals).
There’s additionally a Normal plan, however that’s not a major enchancment over MediShield Life — it doesn’t cowl pre- and post-hospitalisation prices, for instance — so we received’t contemplate that.
AXA Protect’s Plan A is likely one of the cheaper personal hospital Built-in Protect plans on the market, and provides excellent worth for cash.
In the meantime, AXA Protect Plan B is taken into account comparatively costly in comparison with the opposite Class A plans, however provides beneficiant pre- and post-hospitalisation protection.
You need to use MediSave to pay for a part of your Built-in Protect plan premiums, as much as your annual withdrawal limits. The rest must be paid out-of-pocket on an annual foundation.
Extra Particulars
Key Options
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Full protection to your hospitalisation, room, board, medical associated providers, Intensive Care Unit (ICU) bills, though co-insurance, deductibles, and pro-ration elements apply
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Full protection for MediSave-approved surgical procedures (all surgical procedures listed in Tables 1A to 7C), though co-insurance, deductibles, and pro-ration elements apply
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As much as 180 days pre-hospitalisation protection for therapies, together with any Accident and Emergency (A&E) therapies 24 hours previous to hospitalisation
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As much as three hundred and sixty five days post-hospitalisation protection for therapies in case you search therapy at pre-authorised personal hospitals, restructured, or group hospitals
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Protection for deliberate inpatient and emergency therapies in Aviva pre-authorised hospitals
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Protection for main outpatient therapies: kidney dialysis, erythropoietin, chemotherapy, radiotherapy, brachytherapy, immunotherapy, stereotactic radiotherapy, and immunosuppressant medication for main organ transplant
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Extra protection for five vital sicknesses coronary heart assaults, main most cancers, stroke, finish stage lung illness, and finish stage liver illness
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Protection for preventive most cancers surgical procedure in case you have beforehand filed a declare for most cancers therapy with Aviva MyShield
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Free protection for new child if each you and your accomplice are Aviva MyShield policyholders
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Discounted premiums to your youngsters if each you and your accomplice are Aviva MyShield policyholders
Phrases and Circumstances
Age Restrict | 75 12 months outdated |
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Coverage 12 months Restrict | S$150,000 – S$1,000,000 |
Lifetime Restrict | No restrict |
Hospital Ward Entitlement
Public | As much as Class A |
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Non-public | As much as Normal Room |
Extra Advantages
Coronavirus (COVID-19) Protection | |
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Submit-Hospitalisation Therapy | |
Unintended Inpatient Dental Therapy Profit | |
Emergency Abroad Medical Therapy Profit | |
Pre-Hospitalisation Therapy |
See all card particulars
AXA Protect Built-in Protect plans
AXA Protect | Pre-hospitalisation cowl | Submit-hospitalisation cowl | Annual protection restrict |
Plan B | 180 days | three hundred and sixty five days | $550,000 |
Plan A | 180 days | three hundred and sixty five days | $1 million |
AXA Protect has some of the beneficiant pre- and post-hospitalisation protection in the marketplace. Whereas others supply as little as 90 days and 180 days respectively, AXA Protect covers as much as 180 days (pre-) and three hundred and sixty five days (post-hospitalisation).
Nevertheless, the whole annual declare limits are on the low facet. Earlier than you enroll, word that different Built-in Protect plan suppliers like AIA and Aviva cowl roughly double that of what AXA Protect covers ($1 million and $2 million for Class A and personal hospital plans).
AXA Protect additionally provides its policyholders discounted session charges at AXA’s healthcare panel. It prices $10 for a GP session, $100 for a specialist, $130 for physiotherapy and $15 for dental session.
AXA Protect Built-in Protect rider: AXA Enhanced Care
AXA Protect will be beefed up with an AXA Enhanced Care rider to be able to restrict your deductible and co-insurance quantities. For a 35-year-old, it prices $200 (Plan B) or $312 (Plan A) a 12 months, payable in money solely (no Medisave).
AXA Enhanced Care limits your co-insurance portion to five% and your deductible to $0 whenever you use public/restructured hospitals or healthcare suppliers on AXA’s panel of specialists. Co-payment is capped at $3,000 per 12 months.
For those who get AXA Protect with out the rider, you’ll must pay as much as $3,500 deductible (chargeable the primary time you get hospitalised in a coverage 12 months) + 10% of the whole hospital invoice.
For those who do get the rider, you want solely pay 5% of the whole hospital invoice, capped at $3,000 a 12 months.
With the AXA Enhanced Care rider, you can too obtain protection for deliberate abroad therapy, in addition to a variety of conditions like emergency outpatient therapy (which might not often be coated because it doesn’t require an in a single day hospital keep).
How does AXA Protect complement MediShield Life?
AXA Protect dietary supplements MediShield Life by including to its present cowl.
As an example, MediShield Life limits you to Class B2 and Class C wards at public hospitals, however you’ll have the ability to keep in Class A wards at public hospitals with AXA Protect Plan B, or personal hospitals with Plan A.
One other vital space of protection is pre- and post-hospitalisation cowl, which isn’t provided by MediShield Life. Checks main as much as a analysis will be very costly, as can follow-up consultations and rehabilitation after you’re discharged. These are all coated by AXA Protect supplied they fall inside the pre- and post-hospitalisation protection durations.
Do you have to get AXA Protect?
AXA Protect plans supply excellent worth for cash, with in depth pre- and post-hospitalisation cowl at a comparatively low value.
In comparison with different insurers providing related protection, reminiscent of AIA, AXA Protect’s benefit is that you don’t want to make use of one of many hospitals on their panel to be able to qualify for the total pre- and post-hospitalisation period.
We additionally just like the discounted session charges at AXA panel GP clinics, because it’s a pleasant value-added perk that you could make use of even in case you don’t get hospitalised.
However do word that the AXA Protect’s annual coverage declare limits are among the many lowest in the marketplace. You possibly can doubtlessly get twice the protection restrict at a barely dearer premium.
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Photograph by Owen Beard on Unsplash
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