Key Hospital Plan Premium Statistics for Consultants' Use
With the constant changes in hospital premiums, here are the latest statistics from Straits Times and MOH that consultants can use in their presentations.
Note: Data is accurate as of February 2025 and will be updated when new open-source information becomes available.
Data from Straits Time (24 Feb 2025)
Link - IP insurers offer cheaper riders that still protect against huge hospital bills | The Straits Times
Comparison of IP & Rider Cost at 65 & 75 years old
Comparison of lifetime premiums (On base plan premium only)
Data from MOH (1 Jan 2025)
Link - Comparison of Integrated Shield Plans | Ministry of Health
Using MOH data, you can identify which companies offer the most expensive or cheapest premiums and assess whether the benefits justify the cost.
Additionally, figures from Straits Times provide exact premium costs for both the base plan and rider, helping illustrate the importance of factoring shield plan costs into retirement planning.
With medical inflation exceeding 10%, and considering the number of years until retirement, shield plan costs could rise significantly, or benefits may be reduced—requiring consumers to have more cash on hand for potential medical expenses.
