When talk of an enhanced version of MediShield first began, many people instinctively became worried about higher premiums. MediShield is a low-cost basic insurance plan to help patients pay for hefty medical bills, even if they do not have enough money in their CPF Medisave accounts. In an effort to provide residents with greater assurance, MediShield Life, an enhanced version of MediShield, was introduced and will be implemented at the end of 2015. When the unexpected happens, bills are the pressing concern that weighs heavily on our minds, even though that shouldn’t be the case. It’s entirely normal. And that’s why at The Medical Concierge Group, we offer you the option to pay with interest-free instalments. However, the good news about MediShield Life is that the premium increase is justified by greater benefits. The lower-income group will also receive many subsidies and extra support to help them cope with this increase in premiums. Here’s a summary about what MediShield Life is all about:
- MediShield Life covers all Singapore citizens and permanent residents, at all stages of life from babies to the elderly, even if you have a pre-existing medical condition.
- You will enjoy more benefits. You can claim more for hospital bills and chemotherapy, which in turn leads to lower expenses for you. There will also be no lifetime claim limit imposed.
- Yes, premiums are higher, but significant subsidies and support will be offered by the Government to ensure that everyone will stay covered. Premiums can be paid with your CPF Medisave account.
Wondering how to apply? You don’t have to. All Singapore citizens and permanent residents will automatically be switched from MediShield to MediShield Life when it is implemented at the end of 2015. To learn more about the subsidies offered for MediShield Life, watch the video below: https://www.youtube.com/watch?v=MKHizIDPwXE