Readers of Funding Moats would keep in mind I lately shared about my colonoscopy expertise in order that you wouldn’t really feel so apprehensive to go for one your self. You’ll be able to examine it right here:
Within the write up, I discussed that I needed to pay the entire expertise of $2,137 with my very own cash. $1,249 got here from my Medisave and $888 from money.
The one advantage of working in Providend/Havend is that I can all the time examine with my colleague Jiamin relating to these stuff.
I believed whether or not I am going over the deductible or not, I ought to submit my pre-hospitalization session value of $177 (which is included in that $2,137 above) as a declare submission.
Effectively, I received $130 in claims reimbursement! Small quantity which is sort of equal to 6 months of the rooster value in my meal prep.
So a fast recap:
- I’ve a Tier 1 protect plan which ought to permit me to assert for personal hospitalization
- I’ve a rider that solely covers the co-insurance. Because of this I’ve to pay for the deductible.
This was what was robotically e-filed, or robotically submitted by the hospital:
Yow will discover the reference to the deductible on this MOH article right here.
So mine would fall underneath Class B2 and above. Surprisingly I believed it could be underneath Day Surgical procedure however I feel the deductible restrict right here is $2,000 and since I solely submitted a declare of $1,960, that’s $40 beneath the deductible.
So I needed to pay the whole lot myself.
My colleague Jiamin assist me submit the pre-hospitalization declare.
The analysis from Singlife actually took some time and I thank Jiamin for chasing it for me.
So allow us to take a look at the end result of this new declare submission:
We’re claiming underneath a pre-hospital remedy, which lets you declare these session and go to prices that happen 180 days previous to remedy.
So now the full collected yearly submission is about $2,137, which is now above the deductible. The final submission was $1,960, and you’ll see right here it accounts for the $40 that will make my whole yearly submission go over $2,000.
So out of the $177.12, after the $40, we are going to consider the $137.12 for co-insurance.
The Singlife MyShield would pay for many of this however the affected person (me) must pay 10% of the co-insurance:
- 90%: $137 x 90% = $123.3 <— MyShield pays.
- 10%: $137 x 10% = $13.71 <— Kyith must pay.
However since my rider, Singlife Well being Plus, it permits me to offset the co-insurance.
The subsequent part of the invoice supplies a break down:
Because the $13.71 comes as much as be 10% of the quantity that I’ve to pay, 50% of it’s borne by Singlife Well being Plus ($6.85).
So Singlife will reimburse me $123.3 + $6.85.
My Colleague Jiamin will Share About Claiming in an Upcoming Webinar.
If all of this sounds very difficult, complicated to you, then possibly you need to tune in to our upcoming webinars.
Its known as Making Sense of Built-in Defend Plan Claims.
Jiamin will likely be going by means of the stuff about claims that could be fairly complicated to you.
The webinar is on Thursday, 23 October 2025 at 7.30 pm.
I must be tuning in.
Enroll hyperlink right here >>
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Kyith is the Proprietor and Sole Author behind Funding Moats. Readers tune in to Funding Moats to be taught and construct stronger, firmer wealth foundations, the best way to have a Passive funding technique, know extra about investing in REITs and the nuts and bolts of Lively Investing.
Readers additionally observe Kyith to discover ways to plan effectively for Monetary Safety and Monetary Independence.
Kyith labored as an IT operations engineer from 2004 to 2019. Presently, he works as a Senior Options Specialist in Insurance coverage Begin-up Havend. All opinions on Funding Moats are his personal and doesn’t signify the views of Providend.
You’ll be able to view Kyith’s present portfolio right here, which makes use of his Free Google Inventory Portfolio Tracker.
His funding dealer of selection is Interactive Brokers, which permits him to spend money on securities from totally different exchanges all around the world, at very low fee charges, with out custodian charges, close to spot foreign money charges.
You’ll be able to learn extra about Kyith right here.
