MediShield Life: Your Definitive Guide to Properly Understanding It
By Singapore Financial Planners  •  June 5, 2022
If you are getting right into that adulting stage, CPF MediShield Life is definitely one of the important aspects you must know especially in terms of health insurance. So without further ado, let’s get right into it. What is CPF MediShield Life? If you are a Singaporean or a Permanent Resident, lucky for you! You are automatically enrolled into CPF MediShield Life – which is a basic hospital insurance plan that defrays large hospital bills and selected outpatient treatment costs for as long as you live. It largely covers your bills in the lower ward classes (Class B2 or C) in public hospitals. And just like any insurance plan, MediShield has premiums which are paid through your MediSave Account (MA). The MediSave account is dedicated specifically toward your hospitalisation expenses. Who is eligible for MediShield Life? As mentioned previously, MediShield Life is compulsory for ALL Singaporeans and PRs. There is no...
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By Singapore Financial Planners
We believe in the power of financial literacy. It’s unfortunate that schools do not provide crucial life lessons like financial planning. Thus, we created Singapore Financial Planners to create a space where we provide financial education so that you can make an informed decision.

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