Beyond understanding healthcare and insurance preferences, one should also have adequate emergency funds
THE landscape for hospitalisation Integrated Shield Plan (IP) riders is shifting significantly.
From April, new IP riders sold must follow a stricter cost-sharing framework, which aims to encourage prudent use of healthcare services.
To recap, IP riders are optional cash-only add-ons, designed to cover out-of-pocket components – the deductible and co-insurance – of a hospital bill, which a standard IP does not pay.
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