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 called private Integrated Shield Plans (IPs). In this article, I will explain what Medishield Life is and how the integrated shield plans work.
7 Funniest Questions Singaporeans ask about Medishield Life
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 […]
Expect higher premiums for Private Integrated Insurance due to MediShield Life
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 […]
Four most important factors to choose a International Health Insurance product
“It has been said that arguing against globalization is like arguing against the laws of gravity.” – Kofi Annan Living in Singapore gives you the first hand experiences in globalization. Probably no other place on earth has so engineered itself to prosper from globalization, and succeeded at it. With over 100,000 expatriates working in Singapore, […]
What is Moratorium Underwriting
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 […]
How sustainable are Medisave-Approved Integrated Shield Plans
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 […]