Tips on Medical Insurance

I wish to give the following tips on how you can save on your medical insurance:

* if your employer now provides medical insurance for you, you do not need any shield plan.

* however, if you wish to have continuation of cover after leaving your employer, you can take a low cost plan now, such as Medishield or a B2 private shield plan.

* you should not waste money on an expensive plan, as you are not likely to claim on it while you are working.

* you need a shield plan only when you are not covered by your employer; you can choose a plan the meets your budget.

* the premium increases when you get older; at that time, you should downgrade to a cheaper plan, eg to cover B2 or B1 ward

Do not over-spend on a shield plan that you do not really need.