1. How can GREAT Hospital Cash complement a Hospital & Surgical Reimbursement Plan?
Most hospital & surgical plans reimburse the hospital bills incurred up to the applicable benefit limits of said plans. GREAT Hospital Cash will provide cash payouts to cover your out-of-pocket hospital expenses and reimburses medical expenses arising from outpatient medical treatment due to injury at an Accident and Emergency department (A&E) in a hospital (treatment must be given within 72 hours of the occurrence of the accident).
2. Will the premiums increase with age?
Premiums of GREAT Hospital Cash will increase with age (by age bands) based on the age next birthday of the life assured. Premium rates for GREAT Hospital Cash are not guaranteed and may be adjusted based on future experience. We reserve the rights to amend premium rates and will provide notice of at least 30 days to the Policyholder.
3. Does GREAT Hospital Cash cover my pre-existing condition?
GREAT Hospital Cash will not pay any benefits or reimburse any medical expenses incurred in respect of, or arising from any pre-existing conditions.
Pre-existing condition refers to:
(a) Any injury, illness, disease, disability, defect or impairments from which the life assured was suffering prior to the commencement date of insurance; or
(b) Any injury, illness, disease, disability, defect or impairment of which signs or symptoms had existed in the 12 months immediately preceding the commencement date of insurance, for which:
(i) the life assured had sought or received medical advice or treatment, prescription of drugs, counselling, investigation or diagnostic tests, surgery, hospitalisation; or
(ii) an ordinarily prudent person would have sought medical advice or treatment, prescription of drugs, counselling, investigation or diagnostic tests, surgery, hospitalisation.
4. What is the difference between Get Well Benefit - Hospitalisation and Get Well Benefit - Post-Surgery, excluding Day Surgery? Can I claim for both benefits at the same time?
Get Well Benefit – Hospitalisation will be paid in a lump sum if the life assured undergoes hospitalisation for which at least 3 days of room and board charges were incurred, that the life assured undergoes due to an illness or injury.
Get Well Benefit - Post-Surgery, excluding Day Surgery will be paid in a lump sum for each hospitalization if the life assured undergoes Surgery (excluding day surgery) due to an illness or injury during his hospitalisation.
Yes, both benefits will be payable concurrently for a hospitalisation if at least 3 days of room and board charges were incurred and you had undergone surgery (except day surgery) during that hospitalisation.
5. Does GREAT Hospital Cash cover me when I am hospitalised overseas?
Yes, GREAT Hospital Cash covers hospitalisation outside of Singapore, provided that the life assured must not have resided outside of the Singapore for more than 180 days, whether continuously or otherwise during the period of insurance prior to the renewal date.
6. Is there a lifetime or annual limit for GREAT Hospital Cash?
No, there is no lifetime or annual limit for GREAT Hospital Cash.