health-asiaIf 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 is already made up of two parts today

  1. A basic MediShield portion provided by the CPF Board
  2. An additional private insurance coverage.

What is MediShield Life

MediShield Life will pay for large hospital bills and expensive outpatient treatments. It is designed for patient stays at Class B2/C wards in public hospitals and subsidised treatment. You can click here for more information of Medishield Life.

In a nutshell, with MediShield Life’s enhanced coverage, you will enjoy

  • Coverage for treatment of pre-existing conditions
  • Higher inpatient claim limits
  • No lifetime claim limit
  • Coverage for life

Impact to Private Insurance premium

Today, your integrated Insurance premium is made up of the MediShield premium and an additional premium for private insurance coverage. With MediShield Life’s enhanced coverage, MediShield Life premiums will be higher than MediShield premiums.

As a result, you should expect overall higher premiums for Medisave-Approved Private Integrated Insurance when this is effective.

Premium subsidies

All Singaporeans will receive subsidies to help with their MediShield Life premiums. The Government will also make it convenient for Singaporeans to receive these subsidies. So here are what you need to do

Verify your NRIC address

Is your NRIC address updated? If not, you can update it at Police Posts or the Immigration & Checkpoints Authority of Singapore (ICA), with relevant supporting documents.

If there are tenants in your HDB flat, please update your tenant records with HDB by logging in with your Singpass to “My HDBPage” on the HDB website.

Check your MediShield Life letter

In a few months, look out for a letter from the Ministry of Health (MOH) inviting your household to confirm your household information online.

If you want to be informed about the new development of Medishield Life, subscribe to my blog to get regular update here.

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.

  • Hi Ivan,

    I’ve been reading your very informative article on MediShield Life / Integrated Insurance plans and how the premiums for the private insurance element are likely to increase. In view of these anticipated increased costs, would it be more economical to go for a fully private health insurance plan independent from the Medishield / Medishield Life?

    Yours sincerely,


    • Dear Dave

      I did evaluated other private health insurance plans.

      Given Private Medisave Integrated insurance is a national plan, it certainly has the economy of scale and stability, the premium is still reasonably priced due to fierce competition, and the “guarantee renewability” offer is unbeatable. so in terms of cost benefit, it is still a good choice.

      Though Medishield integrated plan is a good start, if the person has more health insurance needs due pre-existing condition, requirement for international coverage, etc, private insurance plan should still be considered.

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