The Business Times

MediShield Life

Companies & Markets

Insurers brush off impact of higher MediShield Life premiums, claim limits on Integrated Shield Plan

Starting in April, some MediShield Life rules will be changing, and that will also affect Integrated Shield Plans.
Podcasts

WealthBT: MediShield Life and Integrated Shield Plan changes in 2025 - What you need to know

In Integrated Shield Plans, a pro-ration factor is applied if a policyholder consumes healthcare at a higher class ward than his plan entitlement. This prevents cross-subsidisation which would eventually raise plan premiums.
Wealth

How fair are Integrated Shield Plans’ pro-ration factors?

All changes to IP coverage have to be approved by the MOH.
Singapore

Great Eastern cuts coverage for A and B1 policyholders who upgrade to a higher-class ward

Pharmaceutical companies charge different prices in different countries for the same drugs. Income level and negotiating power are key factors. But in these aspects, Singapore is at a disadvantage because of its small population and relatively high GDP per capita.
Wealth

Understanding medical insurance premiums and why they are rising

As we live longer, keeping physically fit and economically active become more important.
Opinion & Features
SENSE & CENTS

Why I go light on insurance

Portability would allow IP policyholders to switch insurers without undergoing new underwriting assessments.
Singapore

Not the ‘right solution’ to mandate full portability for IP insurance: Minister of State Rahayu

MediShield Life amendment Bill seeks to expand measures for recovering premiums, support new models of care
Singapore

MediShield Life amendment Bill seeks to expand measures for recovering premiums, support new models of care

Medical cost inflation in Singapore is estimated at between 10.67 and 13 per cent annually.
Wealth
THINKING ALOUD

Higher Integrated Shield premiums likely in 2025; policyholders should take stock of affordability

Active ageing is not just a buzzword, but an increasingly pressing imperative as Singapore's demographic changes mean that healthcare costs will only keep rising.
Opinion & Features
THINKING ALOUD

Rise in MediShield Life premiums brings home the realities of an ageing society

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