MediShield Life will protect all Singaporeans better against large hospital bills, FOR LIFE.

  Lee Hsien Loong  – > Lee Hsien Loong

MediShield Life will protect all Singaporeans better against large hospital bills, for life.

The Review Committee released more details on their recommendations today. Payouts will be significantly improved. Premiums will be higher, but will still be well within your Medisave contributions.

At the start, the Government will subsidise premiums for everyone. After that, it will continue subsidising the Pioneer Generation, middle and low-income citizens.

Here are eight things to know about MediShield Life:  ->  MediShield Life: 8 Things to Know

And here are some examples of how much families have to pay:  ->  How much do Families have to Pay?

Thank you to the members of the Review Committee and the public who have contributed to the MediShield Life consultation. – LHL

Photo: MediShield Life will protect all Singaporeans better against large hospital bills, for life.   The Review Committee released more details on their recommendations today. Payouts will be significantly improved. Premiums will be higher, but will still be well within your Medisave contributions. At the start, the Government will subsidise premiums for everyone. After that, it will continue subsidising the Pioneer Generation, middle and low-income citizens. Here are eight things to know about MediShield Life: http://bit.ly/1pTqmzp.  And here are some examples of how much families have to pay: http://bit.ly/1kxdTlM Thank you to the members of the Review Committee and the public who have contributed to the MediShield Life consultation. - LHL  (MCI photo by Terence Tan)

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MediShield Life: What you need to know

05 Jun 2014

A summary of the revised claims limits under the revised scheme, which will be in place by the end of 2015.

SINGAPORE: The Government on Thursday (June 5) said it welcomed the MediShield Life Review Committee’s recommendations for the scheme, which will be implemented by the end of 2015. Here’s what you need to know about MediShield Life:

HOW WILL I BENEFIT FROM MEDISHIELD LIFE?

The committee signalled that a key thrust of the scheme will be better benefits and coverage for all Singaporeans who may face large hospital bills, while premiums will be kept affordable to all.

Under MediShield, pre-existing conditions are excluded, and coverage only extends until the age of 90. But under MediShield Life, all conditions including pre-existing ones are covered for life.

Here’s a summary of the recommended enhanced benefits:

WILL I HAVE TO PAY HIGHER PREMIUMS?

Yes, although assurances have been given that premiums will remain affordable for all. Better benefits will require higher premiums, the committee noted.

Also, the cost of extending protection to those with pre-existing conditions will be spread out among everyone, though the Government will take on the majority of the cost.

To help offset costs, from 2015, the employer contribution to Medisave will rise by 1 percentage point, as announced in the Singapore Budget 2014.

WHAT IS THE GOVERNMENT’S ROLE?

Those who benefit from the Pioneer Generation Package will have subsidised premiums and Medisave top-ups for life. Similarly, there will be subsidies for the low to middle-income households, forming up to two-thirds of the population. There will also be a five-year Medisave top-up for those aged 55 to 64 in 2014.

To ease the shift to the new scheme, the Government will provide transitional subsidies over the next four years for all Singapore citizens.

Further financial assistance will be available for those who need help even after premium subsidies, the Ministry of Health said in its press release.

CNA/es  Link ->   MediShield Life: What you need to know
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