The Ministry of Health (MOH) said in a press release yesterday that it supports a bunch of recommendations as submitted by the MediShield Life Review Committee (MLRC).
Collectively called the "MediShield Life Benefit Recommendations", both the MLRC and government want to make sure that all Singaporeans — including those in the lower- to middle-income— will have a "peace of mind against large healthcare bills for life," said MOH.
In the same breath, the government offered to also; bear most of the cost of bringing in those with pre-existing conditions, ensure that withdrawal limits will be sufficient for all premiums, provide additional financial support for those who need it, and provide transitional subsidies for four years for all Singapore citizens — regardless of income — to help ease into MediShield Life.
The MOH goes on to say that it recognises the positive changes — such as increase in payouts — that come with raising claim limits and lowering co-insurance for Singaporeans who are faced with expensive medical bills.
Details of subsidies will be given at a later date. MediShield Life kicks in end of 2015.
The MLRC's "MediShield Life Benefit Recommendations" are as follows:
1. Remove the lifetime claim limit of $300,000;
2. Increase the policy year claim limit by 40 percent from $70,000 to $100,000;
3. Increase the daily claim limits for normal wards and ICU wards by up to 55 percent;
4. Increase the claim limits for surgical procedures by between 25 percent and 93 percent;
5. Increase the daily claim limits for community hospitals by 40 percent from $250 to $350;
6. Substantially increase the claim limits for outpatient cancer chemotherapy and radiotherapy treatments, to better cover the cost of subsidised cancer treatment;
7. Start premium rebates earlier from age 66, instead of age 71.
For MLRC's full report, go here. To learn more about MediShield Life, go here.
Photo: MediShield LIfe
The Ministry of Health (MOH) said in a press release yesterday that it supports a bunch of recommendations as submitted by the MediShield Life Review Committee (MLRC).
Collectively called the "MediShield Life Benefit Recommendations", both the MLRC and government want to make sure that all Singaporeans — including those in the lower- to middle-income— will have a "peace of mind against large healthcare bills for life," said MOH.
In the same breath, the government offered to also; bear most of the cost of bringing in those with pre-existing conditions, ensure that withdrawal limits will be sufficient for all premiums, provide additional financial support for those who need it, and provide transitional subsidies for four years for all Singapore citizens — regardless of income — to help ease into MediShield Life.
The MOH goes on to say that it recognises the positive changes — such as increase in payouts — that come with raising claim limits and lowering co-insurance for Singaporeans who are faced with expensive medical bills.
Details of subsidies will be given at a later date. MediShield Life kicks in end of 2015.
The MLRC's "MediShield Life Benefit Recommendations" are as follows:
1. Remove the lifetime claim limit of $300,000;
2. Increase the policy year claim limit by 40 percent from $70,000 to $100,000;
3. Increase the daily claim limits for normal wards and ICU wards by up to 55 percent;
4. Increase the claim limits for surgical procedures by between 25 percent and 93 percent;
5. Increase the daily claim limits for community hospitals by 40 percent from $250 to $350;
6. Substantially increase the claim limits for outpatient cancer chemotherapy and radiotherapy treatments, to better cover the cost of subsidised cancer treatment;
7. Start premium rebates earlier from age 66, instead of age 71.
For MLRC's full report, go here. To learn more about MediShield Life, go here.
Photo: MediShield LIfe