Can you imagine how someone is going to cope without h&s insurance?

http://theonlinecitizen.com/2009/03/undergraduate-battles-all-with-a-smile/

A H&S plan is a necessity to protect again big hospitalization bills.

It is not so much about the small bills, but the big ones that matter.

No one wants to be in a position where he can’t seek the appropriate treatment due to an inability to pay the bills.

A claim will be successful as long as it isn’t a pre-existing condition (at the point the plan was bought) and doesn’t fall under the policy exclusions (eg. cosmetic surgery).

For this reason, it is important to get a H&S plan when someone is still young and does not have any pre-existing conditions. If someone develops a serious medical condition and decides to get a h&s cover then, he is most likely to be rejected.

Premiums below 30 years of age can cost less than $100/year.

H&S premiums are mostly paid from Medisave. You either use the money in there to buy insurance, or pay the bills when it comes. In that case, doesn’t it make sense to spend a small amount to ensure you won’t be hit with a catastrophic bill?

What’s your thoughts about buying hospitalization insurances?

What’s the probability the claim will be successful?

Is it worth spending $50K-$60K for hospitalization insurance?

Thanks.