Most comprehensive Enhanced Eldershield

[nicole.yu.sp]

Hi,

I am planning to upgrade my Eldershield. May i know:
a. Where can I obtain and compare the different Enhanced ElderShield provided by different insurance companies?
b.Is AVIVA MyCare/ AVIVA My Care Plus the most comprehensive plan in the market now?


With the best regards,

[candy_chia]

You can contact bemoneysavvy, recommended by Dennis, (my financial advisor is one of his team member) who leads a group of independent financial advisors who are qualified to conduct comparison of different enhanced Eldershield offered in the market.

Save you the hassle of checking with different insurers.

By the way, bemoneysavvy is Brendan Yong, I know he is a very giving person and has been giving a lot, becos I know him since year 2007 as we were the Core Group that started BNI Renaissance, which subsequently won Best Chapter of the Year and he volunteered as President of our chapter for 2 terms, or 1 year period. He is also active in other charitable activities as well. He is a very experienced Certified Financial Planner and currently leads a team in a Financial Planning firm.

http://www.masteryourfinance.com/forum/ ... ong#p23480

[learner]

I am planning to upgrade my Eldershield. May i know:
a. Where can I obtain and compare the different Enhanced ElderShield provided by different insurance companies?
b.Is AVIVA MyCare/ AVIVA My Care Plus the most comprehensive plan in the market now?

Here is a table of comparison provided by Ministry of Health (note the date):

http://www.moh.gov.sg/content/moh_web/h ... Plans.html



Regards,

learner

[learner]

Note: the table of comparison in the above post is for Edlershield SUPPLEMENT Plans

I am planning to upgrade my Eldershield. May i know:
a. Where can I obtain and compare the different Enhanced ElderShield provided by different insurance companies?
b.Is AVIVA MyCare/ AVIVA My Care Plus the most comprehensive plan in the market now?

Here is a table of comparison provided by Ministry of Health (note the date):

http://www.moh.gov.sg/content/moh_web/h ... Plans.html



Regards,

learner

[nicole.yu.sp]

Great. Thank you Candy and Learner.

[candy_chia]

Analysis of the table of comparison, seems like Aviva MyCare Plus and GE Eldershield Comprehensive are easier to claim as only needs to fulfill 2 ADLs [/size]instead of 3 ADL NTUC plans.

Aviva plan provides substantial saving in total premium (based on entry age of 40), for male is $10,727 and $13,938.46 for female for below plans.

Below are comparison of
1) Aviva MyCare Plus (Annual Premium for $600 monthly benefit for Eldershield400)

2) GE Eldershield Comprehensive (Annual Premium for $100 monthly benefit)

Aviva MyCare Plus .......... GE Eldershield Comprehensive
Entry.... Male ..... (Female) ..... Male ..... (Female)
Age
40... 235.83..... (295.16) ..... 69.90......(91.40)
41... 243.10..... (305.06) ..... 72.70...... (95.00)
42... 250.75..... (315.33) ......75.60 ......(98.80)
43... 258.78..... (326.30) ......78.70 ......(102.90)
44... 267.34..... (337.80) ......82.00 ......(107.20)
45... 276.33..... (350.00) ......85.50 .......(111.70)
46... 285.90..... (362.89) ......89.30 .......(116.70)
47... 296.12..... (376.64) ......93.40 .......(121.90)
48... 306.93..... (391.09) ......97.70 .......(127.50)
49... 318.43..... (406.49) ......102.50 .......(133.60)
50... 330.52..... (422.81) ......107.50 .......(140.10)
51... 343.42..... (440.04) ......113.00 .......(147.10)
52... 357.11..... (458.39) ......119.00 .......(154.70)
53... 371.77..... (477.86) ......125.50 .......(163.00)
54... 387.34..... (498.57) ......132.50 .......(172.00)
55... 404.03..... (520.72) ......140.30 .......(181.80)
56... 421.95..... (544.26) ......148.80 .......(192.60)
57... 441.00..... (569.40) ......158.20 .......(204.40)
58... 461.44..... (596.26) ......168.70 .......(217.60)
59... 483.37..... (625.31) ......180.40 .......(232.20)
60... 506.86..... (656.66) ......193.40 .......(248.50)
61... 532.06..... (690.63) ......208.20 .......(266.90)
62... 559.18..... (727.60) ......225.00 .......(288.10)
63... 588.23..... (768.10) ......244.40 .......(312.50)
64... 619.80..... (812.77) ......266.90 .......(340.90)
Total Premium ...$9,547.59 ...... ($12,276.14) ...... $20,274.60 ....... ($26,214.60)


Note:

(i) Total premium of GE is multiplied by 6 so the monthly benefit will be $600 for ease of comparison.

(ii) ADL (Activities of Daily Living) - Dressing, Feeding, Mobility, Toileting, Transferring & Washing

http://www.aviva.com.sg/pdf/MyCarePlus_ ... ooklet.pdf

http://www.eldershield.com/eshield/jsp/ ... ensive.jsp

[nicole.yu.sp]

Cool! Thank you Candy for such a comprehensive study of the Eldershield supplement plans. It makes it so easy for me to decide now.

Regards

[candy_chia]

Hi Nicole,

Thank you for posing this query, I was also shopping for one recently, the picture is clearer for me to decide, when I meet up with my financial planner end Aug (when my hubby returned from his US trip).

[spezlezz]

If I'm not wrong, Aviva MyCare plus premium is based on entry age i.e. premium will be consistent the earlier age you sign up.

[lootster]

Premium should not only be the deciding factor in choosing a shield plan.

Ask around and get feedback regarding claims experience, ease of claims, turnaround time for claims......
What's the point of choosing the cheapest plan but yet when it comes to claim, you face lots of problems and difficulties?
This should be some of the points to take note of

[lootster]

Premium should not only be the deciding factor in choosing a shield plan.

Ask around and get feedback regarding claims experience, ease of claims, turnaround time for claims......
What's the point of choosing the cheapest plan but yet when it comes to claim, you face lots of problems and difficulties?
This should be some of the points to take note of

To add on, please get yourself and your love ones a proper shield plan which allows you to stay in private hospital should the need arises...... Speaking from personal experience, I don't think I would like to stay in government hospital if given a choice. Nothing wrong with the government hospital, just that private is way much better.

[Darren Lee]

Hi Looster,

For the benefit of newer members. Just to provide some clarity, "please get yourself and your love ones a proper shield plan which allows you to stay in private hospital should the need arises" <-- This is talking about Hospital & Medical insurance. NOT Long-Term Care insurance supplement that is Eldershield.

From my experience as a planner, 9/10 people cannot differentiate between ElderShield & Medishield.

Premium should not only be the deciding factor in choosing a shield plan.

Ask around and get feedback regarding claims experience, ease of claims, turnaround time for claims......
What's the point of choosing the cheapest plan but yet when it comes to claim, you face lots of problems and difficulties?
This should be some of the points to take note of

To add on, please get yourself and your love ones a proper shield plan which allows you to stay in private hospital should the need arises...... Speaking from personal experience, I don't think I would like to stay in government hospital if given a choice. Nothing wrong with the government hospital, just that private is way much better.

Cheers,

[lootster]

Hi,

Thanks for highlighting.......

Yup you are right it's two different plan altogether, however just wish to emphasize the importance of Medical shield plan. Also, one should not forget the importance of eldershield as my dad has benefit from the payout too.

I was a financial planner as well so understand the importance of both. Feel sad that I have personally witness people who only regret when things happened, few will take action when they are well and healthy.