Tag: medical

Transition of Integrated Shield Plan Riders to Co-Payment

Transition of Integrated Shield Plan Riders to Co-Payment

 

How the Changes to the Integrated Shield Plan Riders (PRUExtra) on 1 April 2021 will Impact You

In 2018, the Ministry of Health announced guidelines for policyholders to co-payment a minimum of 5% on medical claims made from their Integrated Shield Plan (IP) riders, to help address rising healthcare and health insurance costs in Singapore. The Health Insurance Task Force (HITF) also recommended that insurers incorporate suitable claims-cost control measures for all Integrated Shield Plan (IP) riders. (more…)

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What is CPF Medisave Additional Withdrawal Limits AWL

What is CPF Medisave Additional Withdrawal Limits AWL

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According to Ministry of Health, Additional Withdrawal Limits is to help Singaporeans pay for part or all of their Integrated Shield Plan (IP) premiums using Medisave. And according to CPF, The MediSave withdrawal limits are imposed to conserve members’ MediSave savings from being depleted too fast for their future hospitalisation needs. (more…)

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Insurance Singapore MediShield Life Premium and Benefits Proposed Changes

Insurance Singapore MediShield Life Premium and Benefits Proposed Changes

Insurance Singapore MediShield Life Premium and Benefits Proposed Changes

According to Straits Times article, (PUBLISHED SEP 29, 2020, 6:00 PM SGT) MediShield Life premiums may rise by up to 35% next year, which is under proposed changes. This will be the first increase in premiums for the compulsory health insurance since its launch five years ago. At the upper end, the proposed hike will exceed $500 a year. In the article, it also states that, all Singaporeans will receive a 70% subsidy on the increase. This goes down to 30 per cent in the second year. With the increase of MediShield Life premium, it also comes with more coverage and benefits, to cover more and larger hospital medical bills. (more…)

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Covid 19 Singapore Updates on Medical Insurance Claims

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(photo by pexels)

Covid 19 Singapore Updates on Medical Insurance Claims

According to Straits Times on 24 March 2020, Singapore residents or long-term pass holder who leaves Singapore from March 27 2020, will also not be able to claim from MediShield Life or Integrated Shield Plans for Covid-19 related treatments (more…)

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