​Do My Employees Need an Integrated Shield Plan (IP)?

Much depends on what your individual employees want and whether it is financially prudent for them to take on this option.

If basic healthcare is all that they want and need, MediShield Life may be sufficient.

If they prefer a higher standard of healthcare – choosing the hospital, the ward, and even the doctor in times of need – then it will be better to look at an Integrated Shield Plan. Your employees can then buy riders so that they can be completely covered, and they won’t have to fork out a single cent.

In either case, with the wider coverage, premiums will be more expensive. It is essential for your employees to think for the long term, and ensure that they can sustain the premiums as they advance in age.

Lastly, do ask if your employees are wasting their Integrated Shield Plan. Like buying an airline’s business class ticket and choosing to sit economy, some of them may have bought themselves the privilege of an Integrated Shield Plan, and then choose to stay in a C Class ward when sick.

To make things clearer, there are a few questions that you can ask. How your employees answer the following questions will determine if they need an Integrated Shield Plan.

• Which type of hospital or ward would they want to stay in?
  
• Is the long-term cost (LTC) of the preferred plan affordable?
  
• Would they want a plan that is as-charged or non-as-charged?
  
• Do they have any pre-existing medical conditions?
  
• Are there options if the current plan is unaffordable?​

Should your employee need personalised, professional advice, click here.
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