Amputate His Toes
My friend has to Amputate his toes. Last week, while cooking dinner, I received a text from my friend, which saddened me. (more…)
Category: Health Insurance Article
Transition of Integrated Shield Plan Riders to Co-Payment
Categories: blog, Health Insurance Article
Transition of Integrated Shield Plan Riders to Co-Payment
How the Changes to the Integrated Shield Plan Riders (PRUExtra) on 1 April 2021 will Impact You
In 2018, the Ministry of Health announced guidelines for policyholders to co-payment a minimum of 5% on medical claims made from their Integrated Shield Plan (IP) riders, to help address rising healthcare and health insurance costs in Singapore. The Health Insurance Task Force (HITF) also recommended that insurers incorporate suitable claims-cost control measures for all Integrated Shield Plan (IP) riders. (more…)
Insurers Cover Allergic Reactions from Covid-19 Vaccination
Insurers Cover Allergic Reactions from Covid-19 Vaccination
According to Asisone.com (Published JANUARY 18, 2021) a number of the Insurance companies in Singapore have expanded their coverage to include allergic reactions from taking the vaccine. (more…)
Singapore Insurance: What is ElderShield and CareShield Life
Singapore Insurance: What is ElderShield and CareShield Life
What is ElderShield?
According to CPF Board, Ministry of Health first launched ElderShield in September 2002. ElderShield was offered to eligible Singapore Citizens and Permanent Residents (PRs) who had a MediSave Account (more…)
Singapore Insurance: on Four Top Misconceptions of Insurance
Singapore Insurance: on Four Top Misconceptions of Insurance
According to The Strait Times (PUBLISHED NOV 22, 2020, 5:00 AM SGT) there are four top misconceptions of insurance in Singapore. Click below to read the full article. (more…)
Singapore Insurance: Updates on Dependants’ Protection Scheme
Singapore Insurance: Updates on Dependants’ Protection Scheme
What is Dependants’ Protection Scheme DPS?
According to CPF Board, Dependants’ Protection Scheme (DPS) is a term insurance that provides insured members and their families with some money to get through the first few years should the insured members pass away or when they suffer from Terminal Illness or Total and Permanent Disability. Thus, DPS is a basic term insurance plan which covers death, Terminal illness and Total and Permanent Disability, currently up (more…)
What is CPF Medisave Additional Withdrawal Limits AWL
Categories: blog, Health Insurance Article
What is CPF Medisave Additional Withdrawal Limits AWL
According to Ministry of Health, Additional Withdrawal Limits is to help Singaporeans pay for part or all of their Integrated Shield Plan (IP) premiums using Medisave. And according to CPF, The MediSave withdrawal limits are imposed to conserve members’ MediSave savings from being depleted too fast for their future hospitalisation needs. (more…)
Insurance Singapore MediShield Life Premium and Benefits Proposed Changes
Insurance Singapore MediShield Life Premium and Benefits Proposed Changes
According to Straits Times article, (PUBLISHED SEP 29, 2020, 6:00 PM SGT) MediShield Life premiums may rise by up to 35% next year, which is under proposed changes. This will be the first increase in premiums for the compulsory health insurance since its launch five years ago. At the upper end, the proposed hike will exceed $500 a year. In the article, it also states that, all Singaporeans will receive a 70% subsidy on the increase. This goes down to 30 per cent in the second year. With the increase of MediShield Life premium, it also comes with more coverage and benefits, to cover more and larger hospital medical bills. (more…)