A framework for thinking about the new Integrated Shield riders
Beyond understanding healthcare and insurance preferences, one should also have adequate emergency funds
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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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