Insurance
health subsidies extended to 700,000
By Patrick Lim  •  August 17, 2011



in pm lee hsien loong's national day rally speech, he shared that the government will extend subsidies for medication and for patients to seek medical care at their local GPs and dentists which should come into effect early next year.

what are the changes to the current schemes?

a. primary care partnership scheme (subsidised consultants at private GPs

and dentists.

age criteria down from 65 to 40 years old.

income criteria - up from $800.00 to $1,500.00 per capita monthly

household income.

b. drug subsidies

higher cost standard drugs - increased from 50% subsidy to up to 75%

subsidy.

medication assistance fund for selected expensive drugs - raised from

up to 50% subsidy to up to 75% subsidy.

the medication assistance fund will be expanded to cover non-standard

drugs on a case-by-case basis.

c. medisave withdrawal limit for chronic outpatient treatment

to be raised from $300 to $400.

...

...
Read the full article
By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance