The Rise of the Policy Holders

Policy Holders

Policy HoldersThe cost of healthcare has never been higher, and it is one of the many small tragedies of our age. People born within this millennium have a chance to live two to three times longer than people who lived just a couple of generations ago. But, most of the former might not be able to afford the cost that comes with the care they need.

Fortunately, there are several programs in place that help address this situation, and the statistics are showing that more people are taking advantage of them. According to the latest compiled figures from the Ministry of Health, the number of people with a Medishield policy has been steadily growing since 2011.

This is good, but it is not even the best piece of news for the state of the country’s healthcare system, as other programs are doing even better in terms of sign-ups. One of the more popular of these programs is the integrated shield plan, which is available in several top hospitals in the country.

The program is unique because it combines the Medishield Life Policy along with an additional component from a private insurer. This set-up allows people greater flexibility with how they formulate the financial aspect of their plans. When the plan is negotiated correctly, people can enjoy the benefits of a hospital stay without having to incur any out of pocket expenses.

According to the same data from the Ministry, the number of people who have Medishield policies in congruence with private integrated shield plans has been growing at a breakneck pace. From 2011 to 2013, the number of people who have the plan grew by at least a hundred thousand annually.

Not only does this mean that more people are becoming aware of the fragile state of their health in relation to their finances; it also means that the programs are effective, as they are assuring more people that they are protected in case they need assistance.