The Singapore government has accepted recommendations from the MediShield Life Council to enhance the MediShield Life scheme. These changes aim to provide better coverage and help manage rising healthcare costs. The goal is to ensure Singaporeans and Permanent Residents have adequate protection against large medical bills.
Here’s a look at what’s changing and how it may affect your premiums and benefits.
Why are these changes necessary?
MediShield Life was originally designed to cover 9 in 10 subsidised bills at public healthcare institutions. However, with rising medical costs, its coverage has dropped to just under 8 in 10 bills. The upcoming changes aim to bring it back to its original level.
These changes also help Singaporeans and Permanent Residents manage increasing healthcare costs. As medical treatments and hospitalisation become more expensive, higher claim limits are needed to maintain adequate coverage. By expanding coverage and raising claim limits, MediShield Life provides better financial protection for those facing large medical bills....