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 treatment. They will be able to use up to $100 per day, up to 35 days in a year. Patients will also be able to use MediShield to cover short-stay wards in the emergency departments.
  • The policy year and lifetime limits will also be increased, from $50,000 to $70,000, and from $200,000 to $300,000, respectively.
  • The MediShield maximum entry age of 75 will also be removed, to enable healthy uninsured elderly to obtain coverage.

But the benefits come with costs. Both the premium of Medishield and Medisave-approved Integrated Insurance Plans have increased premium significantly.

With effect from 1 November 2013, Ministry of Health will increase the withdrawal limits of Medisave for payment of premiums for Medisave-approved Integrated Insurance Plans
The new limits are summarized as below for your easy reference:
Age Group

(age next birthday)
Revised with effect from 1 November 2013
60 and below$800$800

(no change)
61 – 65
66 – 70$1,000

(increase of $200)
71 – 73
74 – 75
76 – 78$1,000$1,200

(increase of $200)
79 – 80
81 – 83$1,200$1,400

(increase of $200)
84 – 85
85 – 90
91 and above

About the Author

Ivan Guan is the author of the popular book "FIRE Your Retirement". He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help people achieve financial freedom. Follow his Telegram Channel to join the FIRE community.
The views and opinions expressed in this article are those of the author. This does not reflect the official position of any agency, organization, employer or company. Refer to full disclaimers here.

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