{"id":2844,"date":"2021-08-13T14:34:01","date_gmt":"2021-08-13T06:34:01","guid":{"rendered":"https:\/\/www.pacificprime.sg\/blog\/?p=2844"},"modified":"2021-08-13T14:34:01","modified_gmt":"2021-08-13T06:34:01","slug":"how-to-personalize-your-health-insurance-plan","status":"publish","type":"post","link":"https:\/\/www.pacificprime.sg\/blog\/how-to-personalize-your-health-insurance-plan\/","title":{"rendered":"How to personalize your health insurance plan"},"content":{"rendered":"

While some things are a one-size-fits-all solution, your health insurance plan shouldn\u2019t be one of them. We all have different healthcare needs that must be considered when purchasing a policy. Customizing your health insurance plan ensures you get exactly what you want and aren\u2019t surprised by what is and isn\u2019t covered. On top of that, it can save you from paying for benefits you don\u2019t even need.<\/p>\n

But knowing what customizing your health insurance plan entails isn\u2019t exactly straightforward. This Pacific Prime Singapore<\/a> article tells you how to personalize your health insurance plan to make things easier.<\/p>\n

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Start with your hospital network<\/h2>\n

Do you have a favorite doctor or prefer English-speaking doctors and medical staff? These are important questions you have to ask before choosing a health insurance plan. After all, there\u2019s no point in spending money on a plan only to find out that your trusted doctor isn\u2019t even in the insurance provider\u2019s hospital network. Make sure you\u2019re covered whenever you go to your doctor of choice by confirming they\u2019re in your hospital network.<\/p>\n

In Singapore, hospital fees vary significantly. English-speaking doctors and medical staff are typically found at private hospitals<\/a>, which are more expensive than their public counterparts. The good news is that these facilities also come with state-of-the-art medical equipment, shorter wait times, and other perks. Known in the insurance world as High Cost Providers (HCPs), it\u2019s crucial to have your insurance ready before visiting one of these hospitals to avoid paying hefty out-of-pocket fees.<\/p>\n

Copayments and coverage exclusions<\/h3>\n

Even though private hospitals can set you back quite a lot (especially without insurance), their unparalleled healthcare services make them hard to beat – especially for expats who find them closer to what they\u2019re familiar with. Healthy policyholders who want to avoid high premiums can limit or exclude coverage at HCPs while copayment is another cost-saving option. With copayment, you pay a certain percentage of the cost while your insurer covers the rest.<\/p>\n

Note that copayments at HCPs can still be costly, so it\u2019s advisable to discuss this option with your insurance provider or broker first.<\/p>\n

Look at your benefits and plan levels<\/h2>\n

Next, consider the level of coverage you need and whether you require cover for any pre-existing conditions<\/a>. Coverage levels vary dramatically depending on your plan and provider. To put it simply, the three levels of coverage are inpatient only, inpatient and outpatient, and full coverage.<\/p>\n