PDA

View Full Version : IHM healthcare? Anyone?



erictan26
19-06-2007, 02:02 PM
i plan to purchase a medical card, and found that IHM healthcare do have a medical plan for family pakage, it seem quite reasonable for the fees. Any comment for the company will much appreciate.

thanks

ksj_cool
19-06-2007, 04:24 PM
What's the deal, care to share?

lord
19-06-2007, 06:04 PM
i am currently with ING and would certainly like to know more abt IHM. :)

mlkok
19-06-2007, 08:30 PM
Family packages are cheaper for a reason. The company actually runs a much lower risk. Have you checked if the renewal is guaranteed?

Usually it's on an annual renewal basis and this is where the problem can happen. If the main applicant, usually the father comes down with diseases that's hereditary, there will be no renewal next and his condition will also affect his children, who will then have to reapply for new medical.

Can be quite messy, since then, the company can also reject those re-application as they have facts on hand.

So, you'll have to ask yourself, is the savings worthwhile compared to the drawbacks.

Hope this helps. :D

cskok8
19-06-2007, 10:01 PM
Guaranteed renewal is the key. Otherwise the moment somebody is diagnosed with a chronic illness, they will not renew the cover.

TiNKeRFY
20-06-2007, 01:44 PM
the definition of non-guaranteed renewal (after talking to the claims department personnel of my insurance principal) is:

2006
Say the annual limit is 100k and lifetime limit 300k (plan 2)
If Mr X was diagnosed with chronic disease and requires to be in surgery.
and cost of this surgery + hospitalisation + medication = 70k
assume he survives.

in 2007
He will still be able to renew his medical plan as he has not reach the limit of 100k, thus upon renewal, his annual limit will be reset to 100k, with his lifetime limit reduced to 230k. On condition that the same chronic disease and other diseases caused directly by the previous one would not be covered.

unless, in year 2006, Mr X does claim 100k+ for his surgery and survives, then only will the insurance company would be "not interested" to renew his medical plan. so from what i see, the best method to get over this is to get a medical plan with higher limit aka plan 3 or plan 4.

what are the odds of someone getting brain cancer, tumor removed surgically, survives, and gets it back again the following year or years to come?

its a "non-guaranteed renewal" not "Absolutely non-renewalable"
so in event that they refuse to renew it, they would still offer to have it renewed with some additional loading (extra premium) or reduction of the annual limit to <100k. and at this point, its negotiable, and the best person to help you would be your insurance agent who sold you the plan.