FAQ: What Is Medishield Singapore?

What is MediShield cover?

<p>MediShield Life is a basic health insurance plan, administered by the Central Provident Fund (CPF) Board, which helps to pay for large hospital bills and selected costly outpatient treatments, such as dialysis and chemotherapy for cancer.</p><p>MediShield Life coverage is sized for treatment in public hospitals that

Do all Singaporeans have MediShield?

Mandatory. MediShield Life is compulsory for all Singapore citizens and Permanent Residents. You must stay in a hospital for at least eight hours to make claims for the hospital bill, OR be admitted for day surgery.

What is the purpose of MediShield life?

MediShield Life helps to pay for large hospital bills and selected costly outpatient treatments such as dialysis and chemotherapy for cancer. It is basic because it is sized for subsidised treatment in the public hospitals.

Is MediShield life compulsory?

Can I choose to not be covered by MediShield Life? No. The scheme is compulsory. Under MediShield Life, Singaporeans will remain insured and receive lifelong protection for large hospital bills.

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How much should I pay for MediShield life?

$300 per year for those at age 40 years and below on their next birthday. $600 per year for those at age 41 to 70 years on their next birthday. $900 per year for those at age 71 years and above on their next birthday.

How do I pay for MediShield life?

You may top up your or the premium payer’s MediSave Account using cash via the following modes to pay current or outstanding MediShield Life premiums. The below modes are applicable to Singapore Citizens and Singapore Permanent Residents. For further assistance, please contact us at 1800 222 3399 or email us here.

What is the difference between Medisave and MediShield life?

Medisave is a personal savings account for all Singaporeans to help tackle heavy medical expenses should the need arise in the future. MediShield Life, on the other hand, is a low-cost medical insurance initiative to help Singaporeans pay for larger B2/C class wards hospitalisation bills.

What happens if I never pay my Medisave?

If you do not make your MediSave contributions, you may not be able to renew your ACRA or LTA licence, this may also hinder your ability to keep your bank account open. If you are in a partnership, all partners need to contribute to their MediSave before being able to renew your business licence(s).

What is the difference between MediShield and ElderShield?

MediShield Life is a basic healthcare insurance that helps to pay for large hospital bills and expensive outpatient treatments such as dialysis and chemotherapy for cancer. ElderShield is a severe disability insurance scheme which provides basic financial protection to severely disabled elderly who need long-term care.

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Does MediShield life cover dental?

Dental work (except due to accidental injuries) Vaccination. Infertility, sub-fertility, assisted conception or any contraceptive operation, including their related complications.

Can I opt out of CareShield life?

To make joining more convenient, if you are born between 1970 and 1979 (aged 41 to 50 in 2020), insured under ElderShield 400, and not severely disabled, you will be automatically enrolled into CareShield Life from end-2021. However, you can opt out by 31 st Dec 2023 if you do not wish to remain on CareShield Life.

Is MediShield life compulsory in Singapore?

mandatory: This means that MediShield Life is compulsory for all Singaporeans and Permanent Residents, with no option to opt out, and no requirement to apply. all Singaporeans and Permanent Residents: MediShield Life covers everyone, regardless of any pre-existing conditions.

Who pays MediShield life?

MediShield Life is a basic health insurance plan, administered by the Central Provident Fund (CPF) Board, which helps people pay for large hospital bills and selected costly outpatient treatments, such as dialysis and chemotherapy for cancer.

What happens when Medisave is full?

If you try to top up your Medisave Account above the BHS, any excess money goes into your Special Account (if you’re under the age of 55) or Retirement Account (if you’re 55 and older). The good news is that like your Medisave Account, your Special/Retirement Account also earns interest at a rate of 4%.

Are children covered by MediShield life?

From the moment our child is born, they are covered under Singapore’s universal basic health insurance plan – MediShield Life. MediShield Life coverage is sized for large hospital bills and selected costly outpatient treatments that are already subsidised by the government in public hospitals.

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