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How Does Health Insurance work ?

Health Insur­ance Why pay $1 when you can just pay $0.20 cents ? It’s about econ­omy of scale. When you sign up for health­care cov­er­age, you join a group of other peo­ple to com­bine your health­care pur­chas­ing power. Your insurer cov­ers the whole group, rather than indi­vid­u­als, so every­one shares the cost of stay­ing healthy.

Taking the right dose of health insurance

By: Lorna Tan Pub­li­ca­tion: Straits Times Date: Sun­day, 20 July 2008 Shield plans spare you the worry of hav­ing to fork out thou­sands of dol­lars for that trip to the hos­pi­tal It is often said that we lose our health mak­ing money, and then lose our money to restore our health. My take on that is: […]

S’poreans grossly under-insured: Study

Sun, Aug 23, 2009 The Straits Times By Charissa Yong THE aver­age Sin­ga­porean now needs about $495,000 of life insur­ance, but is cov­ered for only one-third of that amount — a dras­tic short­fall that needs urgent atten­tion, an expert has warned. Accord­ing to a new report by Nanyang Tech­no­log­i­cal Uni­ver­sity (NTU) Asso­ciate Pro­fes­sor David Yee, […]

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