Arofanatics Fish Talk Forums  

Go Back   Arofanatics Fish Talk Forums > The Guildhouse > Chatterbox

Reply
 
Thread Tools Display Modes
Old 06-07-2018, 05:40 AM   #11
Natureman
Dragon
 
Natureman's Avatar
 
Join Date: Jun 2003
Posts: 1,204
Default

The Biggest Robbery in Singapore

Comment from SG-Truth Blogspot


Victim - Sporeans

Weapon - Care Shield

Place - Spore


Case -

Initially a response to community for help to the invalid. Gahmen came up with Elder Shield insurance where by paying a premium u will b insured for being a total invalid. I.e. u must hv 3 of these 5* invalid actions. These 5 are, cannot eat on yr own, cannot go to toilet on yr own, cannot walk, cannot move to the bed on yr own n cannot bathe on yr own. Basically saying nearly dead.*


For Elder Shield u can opt out of it n do not need to pay the premium. This insurance were ran by three private insurance cos.


Gahmen found out that the private insurance were making huge profit on it. They collected $2.8 billion in premium n only paid out 100 million in claims. Therefore a profit of 99.6%.

This is understandable. How many people do u know in yr whole life that cannot walk, cannot eat n cannot go to toilet on their own* ? Very very little or none at all.


The robbery happened when Gahmen say this insurance is now compulsory for everyone in Spore. And it will start 10 years earlier at 30 yrs old and it will b run by the gahmen herself. They will collect approx avr $500 per person per year. This will work out to approx $ 1.5 billion income n a profit of $1.49 billion every year. Premiums will go up as the years roll by n more n more money will go to Gahmen for doing nothing. When u r half dead, Gahmen will give u $600 n tell u to look after yrself or simply FO.


As Sporeans has no choice but to accede to Gahmen demands, this case is classified as Highway Robbery.
Natureman is offline   Reply With Quote
Old 06-07-2018, 08:12 AM   #12
foxwagon
Dragon
 
foxwagon's Avatar
 
Join Date: Mar 2003
Posts: 1,181
Default

If I cannot eat, walk or go to toilet on my own, I prefer to be put to sleep on humane grounds
foxwagon is offline   Reply With Quote
Old 06-07-2018, 10:34 AM   #13
jwhtan
Barney

 
jwhtan's Avatar
 
Join Date: Sep 2000
Posts: 9,118
Default

Quote:
Originally Posted by Natureman View Post
The Biggest Robbery in Singapore

As Sporeans has no choice but to accede to Gahmen demands, this case is classified as Highway Robbery.

I feel for the author ..... he must hv a lot of hate in him ......

so much that it has clouded his eyes and judgement
jwhtan is offline   Reply With Quote
Old 06-07-2018, 10:39 AM   #14
jwhtan
Barney

 
jwhtan's Avatar
 
Join Date: Sep 2000
Posts: 9,118
Default

Quote:
Originally Posted by foxwagon View Post
If I cannot eat, walk or go to toilet on my own, I prefer to be put to sleep on humane grounds

sir, these can be temporary ....
for eg. if one has a bad motorcycle accident or skiing in Korea or stroke

your sentiments, if we are talking abt total permanent disability, perhaps understandable
but remember that Navy guy ? so badly injured, he still strive to live


btw, unfortunately, in sg, euthanasia is not allowed
jwhtan is offline   Reply With Quote
Old 06-07-2018, 10:42 AM   #15
jwhtan
Barney

 
jwhtan's Avatar
 
Join Date: Sep 2000
Posts: 9,118
Default

Quote:
Originally Posted by stargazer View Post
Must wait for Boss Barney to share his insights...

Not a lot to share at this moment ... cos we dun hv the details to careshield
the devil is always in the details



what we only know now is that it will be compulsory
premiums will increase with age like medishield
it will start at 30yrs old



but what exactly are the premiums vs the payout, we do not know
jwhtan is offline   Reply With Quote
Old 06-07-2018, 10:54 AM   #16
bedoklist
Dragon
 
bedoklist's Avatar
 
Join Date: Oct 2003
Posts: 1,160
Default

Will 1 day we all see another shield call the Groupshield...???
bedoklist is offline   Reply With Quote
Old 06-07-2018, 10:56 AM   #17
jwhtan
Barney

 
jwhtan's Avatar
 
Join Date: Sep 2000
Posts: 9,118
Default

Quote:
Originally Posted by bedoklist View Post
First is Medishield, then Healthshield, Eldershield, now is Careshield......very confusing. Hope people who really know care to explain, thanks.

Medishield is hospital reinbursement insurance, basically covers hospitalisation subject to deductible and coinsurance up to B2 ward


Healthshield (AIA) or for that matter, Incomeshield (NTUC), Prushield (Prudential), Supremeshield (Great Eastern), Myshield (Aviva), AXA Shield etc are the enhancement from different insurers that will allow u to hv coverage for a higher class ward also subject to deductible and coinsurance.
U can purchase a separate plan to cover the deductible and coinsurance if u wish.



Eldershield is a long term care insurance that pays a fixed monthly allowance when u r unable to perform at least 3 of the 6 activities of daily living. It can be a temporary disability

Eldershield covers automatically when one reach 40
Pays $400 up to 72 months
The enhancement (optional) pays for up to lifetime


Careshield is like eldershield, what the govt feels is that they want coverage to start earlier ( for eg, previously medishield starts only when one start working and has medisave and is optional, now under medishield life when a child is born, parents hv to cover for them and is compulsory)


so this Careshield will start from 30 years
they rename it cos even at 40, people are saying Eldershield (waoh at 40 yrs old, now I elder already), but the coverage and claim criteria is the same (as far as we know of now)
jwhtan is offline   Reply With Quote
Old 06-07-2018, 11:15 AM   #18
denser
Dragon
 
denser's Avatar
 
Join Date: May 2010
Posts: 632
Default

Quote:
Originally Posted by bedoklist View Post
Will 1 day we all see another shield call the Groupshield...???
and marvel shield..
denser is offline   Reply With Quote
Old 06-07-2018, 03:14 PM   #19
millenium
Senior Dragon
 
millenium's Avatar
 
Join Date: Mar 2002
Posts: 3,495
Default

Just buy hospital shield plan.
millenium is offline   Reply With Quote
Old 06-07-2018, 04:24 PM   #20
ray2828
Dragon
 
ray2828's Avatar
 
Join Date: Jan 2006
Posts: 692
Default

Quote:
Originally Posted by jwhtan View Post
Medishield is hospital reinbursement insurance, basically covers hospitalisation subject to deductible and coinsurance up to B2 ward


Healthshield (AIA) or for that matter, Incomeshield (NTUC), Prushield (Prudential), Supremeshield (Great Eastern), Myshield (Aviva), AXA Shield etc are the enhancement from different insurers that will allow u to hv coverage for a higher class ward also subject to deductible and coinsurance.
U can purchase a separate plan to cover the deductible and coinsurance if u wish.



Eldershield is a long term care insurance that pays a fixed monthly allowance when u r unable to perform at least 3 of the 6 activities of daily living. It can be a temporary disability

Eldershield covers automatically when one reach 40
Pays $400 up to 72 months
The enhancement (optional) pays for up to lifetime


Careshield is like eldershield, what the govt feels is that they want coverage to start earlier ( for eg, previously medishield starts only when one start working and has medisave and is optional, now under medishield life when a child is born, parents hv to cover for them and is compulsory)


so this Careshield will start from 30 years
they rename it cos even at 40, people are saying Eldershield (waoh at 40 yrs old, now I elder already), but the coverage and claim criteria is the same (as far as we know of now)
Is it optional? The care shield?
ray2828 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +9. The time now is 09:22 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright © 2000-2008 Arofanatics.com (Since 30th August 2000)