aia has notified us that the existing integrated shield plan, aia healthshield gold elite plan will be withdrawn from the market and replaced by the new aia healthshield gold max/max essential plan.
what is aia healthshield gold max/max essential plan?
aia healthshield gold max is an enhanced integrated shield plan offering protection against medical bills for a broad range of hospitalisation, pre and post-hospitalisation treatments and selected outpatient treatments. new benefits include living organ donor transplant, extended post-hospitalisation treatment for 30 critical illnesses and post-hospitalisation psychiatric treatment.
aia healthshield gold max essential plan is an optional add-on that complements the aia healthshield gold max plan by covering the deductible and co-insurance portions of the hospital bill.
my comments:
for the latest aia healthshield gold max plan, there are a total of 3 new benefits and 3 enhancements as compared to the older aia healthshield gold elite plan.
the premiums have been revised to reflect the escalation of healthcare costs or the effect of medical inflation.
generally, if we compute the total premiums payable for aia healthshield gold max plan payable from age 1 to 100 equates to a sum of $193,203.60 or approximately $19,623.00 (rounded off to the nearest dollar) higher than the older aia healthshield gold elite plan.
the highest premium to head north is for the age band of 61 to 65 which saw an increase of 12.2%.
i do not expect enhancements to shield products to end anytime soon and we can expect the other shield providers to do so as well and if my guess is right, aviva should be the next to enhance their myshield portfolio.
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