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 […]
Increase of Medisave Withdrawal Limits for MediShield and Integrated Shield plans
Earlier this year, Medishield was enhanced to include the following: The elderly will benefit from extended MediShield coverage up to the age of 90 years old. However, Class B2 and C ward deductibles will also go up moderately by $500 for those aged 80 and below. Coverage will be extended to those receiving inpatient psychiatric […]
Enhancement of Aviva MyShield Plus Rider effective 1 July 2013
Aviva will enhance MyShield Plus rider which is designed to cover deductible and c-insurance of the basic plan MyShield. This is effective 1 July 2013. There is no change of the Basic MyShield policy. The key highlights are as below: The new and enhanced features of MyShield Plus from July 2013. Guaranteed renewability. New Option […]
Use of Child’s medisave for Medisave-approved Integrated Shield Plan
To support parents with their children’s healthcare needs, the Government is creating a Medisave account for each Singaporean newborn who is born on or after 26 Aug 2012. Eligible newborns will receive a $3,000 grant in two tranches – the first $1,500 after the registration of their birth, and the remaining $1,500 in the subsequent […]
Medishield Enhancement with effect from Mar 1, 2013
With effect from March 01, 2013, Medishield will be enhanced with the following changes The elderly will benefit from extended MediShield coverage up to the age of 90 years old. However, Class B2 and C ward deductibles will also go up moderately by $500 for those aged 80 and below. Coverage will be extended to […]
Aviva discontinues Global Health and IdealMedical plans and transition of policyholders to Bupa Insurance
Aviva has recently announced that they have decided to withdraw two popular Health Insurance products, “IdealMedical” and “Global Health”, from the Singapore market. As a result of the decision, Aviva will cease to renew existing (in-force) policies on their next policy anniversary date starting from 1 February 2013. Existing policyholders will continue to enjoy the […]