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Seniors will receive subsidies for their MediShield Life premiums. MediShield is the universal health insurance scheme that covers all Singaporeans for life. The subsidies range from 40% discount for those aged 65 to 60% discounts for those aged 90. [5]
MediShield Life is a catastrophic care scheme to help citizens and their dependents to meet the high medical costs of prolonged or serious illnesses. Medisave savings may be used to cover the premiums for MediShield Life. [ 34 ]
A new scheme, MediShield Life, replaced the MediShield in November 2015. Co-insurance payment rates are to be reduced from 10 to 20% to 3–10% and the lifetime claim limit is to be removed. [ 26 ] The scheme helps to pay for hospital bills and selected outpatient treatments.
MediShield Life does not cover overseas medical expenses and the treatment of serious pre-existing illnesses for which one has been receiving treatment during the 12 months before the start of the MediShield Life coverage. MediShield Life also does not cover treatment of congenital anomalies (medical conditions that are present at birth ...
Merdeka Generation seniors receive an additional participation incentive of S$1,500 to join disability insurance scheme CareShield Life, when it becomes available to existing cohorts in 2021. This is on top of the S$2,500 participation incentive previously announced, bringing the total incentive amount to S$4,000 for this group. [5]
Medisave is a national medical savings account system in Singapore, introduced in April 1984. [1] The contribution is mandatory and taken from the monthly Central Provident Fund (CPF) contribution.
In Parliament, Chia has spoken frequently on issues concerning disability welfare, including the MediShield Life Scheme Bill and on the proposed changes to the CPF scheme during the Budget 2015 Debate. [10] Chia was reappointed for a second term in March 2016. [11]
1 July – Medishield is launched as an insurance scheme, providing an additional buffer for medical costs. It has since been replaced by Medishield Life in 2015 for universal coverage. [10] 6 July - The MRT system is completed with the opening of Boon Lay. [11] [12]