Several changes to Medisave were announced during the parliamentary debate over the Health Ministry's budget last week.
What is MediShield Life?
- MediShield Life, which starts later this year, is a compulsory national health insurance that will cover Singaporeans and permanent residents for life. It provides enough coverage for treatment in subsidised B2 and C class wards in a public hospital.
What is an Integrated Shield Plan (IP)?
- IPs are private health insurance plans whose premiums can be paid for with Medisave, up to a cap of $800-$1,400 depending on age.
- There are three categories of IPs - sufficient to cover bills in a public hospital B1 class, public hospital A class and private hospitals.
- Since 2005, all IPs incorporate the basic MediShield. This means that anyone who has an IP is automatically on MediShield.
This article was first published on March 17, 2015.
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