Tag Archives: medisave

New Medisave Withdrawal Limits Will Mean Less Medisave for Integrated Shield Plan

Just when we have gotten more people interested to upgrade their Medishield or lower tier plans, the government announced that new Medisave withdrawal limits will apply for private integrated shield plans. Currently, the Medisave withdrawal limits for integrated shield plan are: $800 per policy, per year, for those aged 65 and below next birthday; $1,000… Read More »

CPF Highlights from MOH: 5 Changes to CPF Medisave

The Ministry of Health has announced much awaited improvements to Medisave as reported in the Straits Times and Business Times on 13 March 2015. 1. Four more chronic conditions that can be treated using Medisave from 1 June 2015 This would bring the total number of conditions covered by Medisave under the Chronic Disease Management… Read More »

Should You Continue with Your Integrated Shield Plan?

When changes to the current Medishield were announced last year, I was asked by a number of people whether it makes sense to give up on their medisave approved integrated shield plan and just go with the ‘new and improved’ Medishield Life. Before we look at the differences between the two, let’s first understand what Medishield… Read More »

Have you Secured Your Family’s Protection Needs?

Anyone who is working to support his or her family needs  insurance.  What can cause a family to face financial difficulty? Loss of income due to disability High expenses due to critical illness Loss of income due to death High medical bill due to hospitalization Financial hardship can be avoided if there is proper and… Read More »

The Need to Secure your Long Term Care

We all have the option to use our Medisave money optimally – that is to secure ourselves with the best integrated Medisave-approved hospital and surgical plan (Shield) plan and ElderShield supplement. When we are covered with higher benefits, the impact on our cash flow is largely reduced than when we are not. ElderShield is a… Read More »

What is ElderShield and ElderShield Supplement?

I’ve been asked a lot what the national ElderShield scheme is about.  The fact that the government made it an ‘opt-out’ (i.e. automatically enrolled) scheme means that it is important enough for Singaporeans and Singapore PRs to be covered under ElderShield. Overview ElderShield is a severe disability assistance scheme to help individuals cope with the… Read More »