Over the past year, my wifey experienced a muscular injury which seriously affected her quality of life. After struggling for a year, and weeks of therapies, the specialist recommended that she undergo a keyhole surgery to fix the problem.
We decided to go ahead with it. The sufferings had gone on long enough. The surgery took place late one evening and required an overnight stay at the hospital for the anesthesia to wear off. I drank quite a bit of coffee while waiting. Coffee Bean was a beneficiary.
Guess how much was the bill? $14,000+!
No doubt it was for an A class ward and would surely have been cheaper had it been a C ward. After deducting the Medishield component, the co-payment part worked out to be $4,500+. That's still quite a hefty sum!
Fortunately, I had placed my wife on a Medishield and Medishield+ type of plan with a private insurer. So even the co-payment part was fully covered. In the end, the total amount we had to cough up was $zero. This included the medications and follow up treatments.
The annual payment for the two policies was $786 a year. Looks like we have recouped almost 18 years of payments with just one surgery. Not that we really wanted to "profit" in this manner. Regardless, it goes to show how important it is to have hospitalisation and surgery insurance.
Are you covered yet?
p/s: Can I claim for the coffee too?
And if you're really hardcore, here's how the procedure looks like (*ouch*): Rotator Cuff Repair