Medishield is a set of basic health insurance that is administered by the Central Provident Fund (CPF) Board. It helps to pay for large hospital bills and costly outpatient treatments, such as dialysis and chemotherapy for cancer.

The Government recently announced the introduction of Medishield Life in Nov 2015. Medishield Life, in short, is an upgraded version of Medishield. The key changes for Medishield Life are:

1. Higher claim limit

2. It covers pre-existing conditions

3. Coverage is for Life.

These changes are in line with Medishield Life slogan: “Better protection. For all. For life”

Here are five things you need to know about Medishield Life

1. It provides better benefits than Medishield (Better Protection)

First of all, the hospitalization bill is divided into 3 portion. The first portion is what is known as Deductibles, which can range from $1500 to $3000 depending on which class of ward admitted to. ...