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.
The new Coronavirus Covid-19, commonly known as Wuhan virus, has certainly spread fears globally. With the increasing number of the death toll and affected people, have you wondered if your insurance is a line of defence of your family’s wealth? After all, you have purchased the insurance to protect the uncertain in life right? Insurance […]
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 […]
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 […]
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 […]
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 […]