Medishield Life is an upgraded scheme of Medishield which aims to provide medical coverage for all Singaporeans. It’s definitely an improvement over the old scheme, but understanding the scheme in full is important.

1. All Pre-Existing Conditions Will Be Covered

This was a huge problem before the Medishield Life as many people especially the elderly do not qualify for the Integrated Shield Plans as they had pre-existing conditions such as high blood pressure and diabetes of which both are actually pretty common. It is not really their fault that they did not purchase the insurance, it is just those policies were not available during their younger days. With Medishield Life, everybody will be covered, including those with pre-existing conditions. However, they will have to pay additional 30% premiums for a period of 10 years.

2. Deductible Remains the Same

Deductible basically refers to the amount the patient has to ...