In Singapore, basic health insurance needs are covered under the CPF Medishield scheme, you can upgrade your basic Medishield Life to private insurers for better coverage. These plans are called private Integrated Shield Plans (IPs). In this article, I will explain what Medishield Life is and how the integrated shield plans work.
On 27 December 2019, the Ministry of Health Singapore announced changes to MediShield Life claim limits for surgical procedures, which will take effect from 1 January 2020. The following table shows the revised MediShield Life structure and claim limits for surgical procedures.
Who says Singaporeans don’t ask questions, when it comes to pay something, Singaporeans can be the most creative. First of all, If you are not sure what Medishield Life is all about, you should read this. If you are a Singaporean or PR, you should update your household information by 19 June to receive the correct […]
If you have any of the following Medisave-approved Integrated Shield Plans, here are some important information for you. AIA Healthshield Gold Aviva MyShield Great Eastern SupremeHealth NTUC Incomeshield Prudential PRUShield By end-2015, MediShield Life will replace the MediShield portion of your policy, to provide you with better coverage. You may not know that your policy […]
When you apply for private health insurance, the insurer will review the risk of your application, known as ‘underwriting’, in one of two ways, ‘Moratorium Underwriting’ or ‘Full Underwriting’. Most insurers in Singapore accept only “Full Underwriting”. You will be required to complete a full medical questionnaire covering every illness, condition and doctor’s diagnosis prior […]
Currently, basic MediShield plan covers 92 per cent of residents in Singapore. 60% residents have upgraded to Medisave Approved Integrated Shield Plans, which provide higher coverage such as private hospitals. Fierce competitions have forced these plans “enhancing” nearly every year. However, these seemingly good initiatives make me worry about the sustainability of these integrated shield […]