Shield Plan with NCD?!

Props to D&S for highlighting this news. I found the ST article about it and read more.

In a nutshell, Prudential is gonna roll out a different pricing structure for their Private Hospital tier Shield plan rider. It’s a mouthful, but that’s what it is.

If you are healthy, 10% NCD on the rider.
If you sick af, 200% premium increase.

Lolz.

Personally, I like the idea of implementing some sort of pricing element as a way to counter moral hazard, but the pricing seems absolutely retarded.

Get a slighttttttttt discount if you are healthy. Get screwed if you’re not.

I don’t know, doesn’t sound too good to me imo.

I personally would rather see all the insurers to have a co-pay option like Prudential or NTUC.

(Link to super long post about co-pay vs no-pay Shield riders)

Actually my dream would be to have a stripped down no-frills rider …

Read the full article →

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