Hospital and Surgical Insurance
Hospital and Surgical Insurance is the policy that pays for inpatient hospitalisation bills. Some of the inpatient hospitalisation expenses covered are as follows:
- Room and Board Charges
- Intensive Care Units
- Surgical Fee
- Hospital Miscellaneous Charges
- Organ Transplant
On top of the above, it is common for the policy to extend covers some non inpatient expenses.
- Outpatient Kidney Dialysis
- Outpatient Cancer Treatment
- Accidental Dental Treatment
- Special Grant
In most Group Employee Benefits Insurance, the Hospital and Surgical Coverage is the main product to be arranged. The other benefits such as Major Medical, GP Outpatient, Specialist Outpatient, Dental, all act as a rider to the Hospital and Surgical Cover.
Choosing Your Right Hospital and Surgical Plan
When selecting the Group Hospital and Surgical Insurance, it is important to be aware of the demographic, needs, and group size. A young workforce will have a very different needs as compared to that of a workforce with more senior staffs. Also, a group size of 10 employee would also be very different as compared to one with more than 100 employees.
It is also important to be aware the Hospital and Ward types which you will normally want to be admitted if hospitalisation is necessary. There are mainly Private and Government Restructured Hospital, with ward type of A1, A2, B1, B2, C ward. The different ward types offer different number of patient sharing. Some products do not offer Private Hospital Cover and it is important to recognise this early in your selection.
When selecting the insurer, it is important to understand the products and covers provided by the insurer. For example, some insurer do not carry Dental Outpatient. If this is important to your company, it is best to avoid the insurer. This may also apply if you are looking for some unique extensions of cover.