Hi Mr Tan
Recently my father (who is now 78 year old) received a letter from income to pay a sum of $400 plus in cash due to medisave can deduct up to maximum of $800 only. That meant the premium of this policy is $1200 plus per year for Medishield Plan B.
Usually I will help to pay for my father, but from the past years only need to pay $200 plus but this time might be due to age group different need to pay higher( $400 plus ).
Why does Medisave set a limit of $800, as senior citizens sure have problem paying in cash. How Do you think about this kind of policy?
REPLY
Your father can move to Medishield and pay a lower premium (compared to private Shield) up to age 80.
Beyond age 80, there is no point in going for expensive health care, as ......