Post Reply 
Medishield Life subsidy by govt, Medisave use to be expanded
Author Message
12-03-2014 02:22 PM
Post: #1
reiko Online
Elite Member

Posts: 11,374
Reputation: 26
Channel NewsAsia ‏@ChannelNewsAsia 1m

Singapore govt to support initial costs of premiums for MediShield Life, with permanent subsidies for lower- to middle-income groups

I love twitter!
(This post was last modified: 12-03-2014 03:44 PM by reiko.)
Find all posts by this user Quote this message in a reply
12-03-2014 02:48 PM
Post: #2
reiko Online
Elite Member

Posts: 11,374
Reputation: 26
http://www.singapolitics.sg/news/medishield-life-premiums-stay-affordable-gan-kim-yong?utm_content=buffer694c8&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Medishield Life premiums to stay affordable: Gan Kim Yong

Quote:The premiums that lower- and middle-income households will have to pay for the new Medishield Life insurance that kicks in next year, will be the same or lower than what they now pay.

That is after taking into account the Government’s permanent subsidies and Medisave contributions and top-ups.

Health Minister Gan Kim Yong gave this assurance on Wednesday, as he shed light on the approach the Government intends to take to keep premium increases affordable.

He said the Government intends to bear most of the initial cost of universal coverage, with permanent subsidies to be introduced for lower to middle income groups and an additional transitional subsidy for all, regardless of income, to tide over the shift to MediShield Life.

He also said a typical Singaporean household, comprising a working-age couple with two school-going children, will take up no more than half of their annual Medisave inflow to pay for their MediShield Life premiums.

Additional financial help, such as through Medifund, will be given to the very needy who cannot pay premiums even after subsidies and Medisave top-ups, said Mr Gan.

There will be no net increase in premiums for older Singaporeans aged 55 to 64 who are currently on MediShield and earning up to median income, after government subsidies and Medisave top-ups are included.

The pioneer generation - those aged 65 and above this year and who became citizens before 1987 - will get extra help with their MediShield Life premiums. The Government will give a special subsidy starting from 40 per cent at 65 and rising to 60 per cent at 90, while pioneers aged 80 and above this year will have their premiums fully covered.

“Our intent is that no Singaporean will drop out of MediShield Life because of their inability to pay for premiums,” he said.

But those who have the means should still pay their own share so government support will go to those who most need help, he added.

Even so, the Government will give additional transitional premium subsidies for all Singaporeans, regardless of income, said Mr Gan.

While the MediShield Life review is still ongoing, Mr Gan said he was glad that many Singaporeans support the shift to provide lifelong coverage and better benefits under the new scheme. “MediShield Life is as much about giving all Singaporeans greater peace of mind, as it is about us forging a new social compact – with everyone chipping in to better protect one another from having to face life’s uncertainties alone.”

I love twitter!
Find all posts by this user Quote this message in a reply
12-03-2014 03:45 PM
Post: #3
reiko Online
Elite Member

Posts: 11,374
Reputation: 26
Medisave use to be expanded

http://www.todayonline.com/singapore/medisave-use-be-expanded

Quote:SINGAPORE — Medisave use will be expanded and become more flexible, said Health Minister Gan Kim Yong today in Parliament.

A new Flexi-Medisave scheme will be introduced, to allow the elderly to use up to S$200 per year from their accounts for outpatient treatments at Specialist Outpatient Clinics, polyclinics and clinics participating in the Community Health Assist Scheme (CHAS). This means they will be able to use Medisave when seeing a CHAS general practitioner for a cough or cold, for instance. The Government hopes to have this scheme ready by the first half of next year, and will work out details in the next few months, said Mr Gan.

A requirement that chronic disease patients pay the first S$30 of each bill before being able to tap Medisave will also be removed. To take place from July, this move will reduce patients’ cash outlay.

In his speech at the Ministry of Health’s Committee of Supply debate, Mr Gan outlined other plans to address healthcare affordability.

Besides enhanced subsidies for Singaporeans at Specialist Outpatient Clinics announced during the Budget last month, subsidies will be increased for drugs at polyclinics and the SOCs from next year. Lower- to middle-income patients will get a 75 per cent subsidy for all standard drugs, a change from the current system where the drugs are either capped at a price of S$1.40 per week or subsidised at 50 per cent of the retail price. Subsidies will also be extended to more drugs, said Mr Gan.

On MediShield insurance scheme, he said the Government intends to support most of the initial costs of universal coverage under MediShield Life, which will be rolled out next year.

The MediShield Life Review Committee is still at work, but Mr Gan said older Singaporeans aged 55 to 64 (who are not part of the Pioneer Generation Package) will see no net increase in premiums after.

I love twitter!
Find all posts by this user Quote this message in a reply
12-03-2014 03:56 PM
Post: #4
Huliwang Offline
Elite Member

Posts: 6,634
Reputation: 13
The important question is how much or how many percent of the hospital bill can be claimed back from the universal coverage under Medishield LIfe? If the bill is say $50K and can claimed back only $3K, then better dun waste the country's resources subsidising on this kind of insurance. If sick better let us die lah .... Laughing

"Like bubbles on a river, sparkling, bursting, borne away”
Find all posts by this user Quote this message in a reply
12-03-2014 04:04 PM
Post: #5
supermonkey Offline
Elite Member

Posts: 2,614
Reputation: 16
"He said the Government intends to bear most of the initial cost of universal coverage, with permanent subsidies to be introduced for lower to middle income groups and an additional transitional subsidy for all, regardless of income, to tide over the shift to MediShield Life."


What he meant by "government intends to bear most of the INITIAL costs?"

Then "tide over the shift to Medishield life"??
so after completely shifted to Medishield life, then subsidies stop liow?

I read that the subsidies are to tide us over until Medishield life comes into effect... then subsidies no more liow?
(This post was last modified: 12-03-2014 04:06 PM by supermonkey.)
Find all posts by this user Quote this message in a reply
12-03-2014 09:18 PM
Post: #6
reiko Online
Elite Member

Posts: 11,374
Reputation: 26
Retweeted by The Straits Times
STvideonews ‏@STvideonews 9m

BUDGET DEBATE: 3 things you need to know about healthcare. Watch: http://bit.ly/1er70L0 pic.twitter.com/qbvuALz4BX

http://razor.tv/video/752601/budget-debate-2014-3-things-you-need-to-know-march-12

I love twitter!
Find all posts by this user Quote this message in a reply
12-03-2014 09:23 PM
Post: #7
FaTa Online
Senior Member

Posts: 954
Reputation: 16
Any premium reduction for those who stay healthy and fit?
Find all posts by this user Quote this message in a reply
12-03-2014 09:37 PM
Post: #8
Enlightened Offline
Senior Member

Posts: 526
Reputation: 2
12-03-2014 09:23 PMFaTa Wrote:Any premium reduction for those who stay healthy and fit?



Premium should work the same way as vehicle insurance. No claim bonus to be accorded to those who continue to take care of their health.
Find all posts by this user Quote this message in a reply
12-03-2014 10:29 PM
Post: #9
fisherx Online
Senior Member

Posts: 896
Reputation: 2
it is going up n up lo from what is written
Find all posts by this user Quote this message in a reply
12-03-2014 10:45 PM
Post: #10
Billionaire Online
Elite Member

Posts: 2,825
Reputation: 4
12-03-2014 09:23 PMFaTa Wrote:Any premium reduction for those who stay healthy and fit?

Laughing Rolling on the flor laughing Big Grin Rolling on the flor laughing
Find all posts by this user Quote this message in a reply
Post Reply 

User(s) browsing this thread: 1 Guest(s)

Forum Jump:



  About | Contact Us | # Privacy Policy | # Rules | RSS