- The average cost of an Integrated Shield Plan (IP) that covers up to B1 ward for a 35 year old individual that does not smoke is S$83. The above mentioned cost does not include premiums for MediShield Life.
- All Singaporeans and Permanent Residents (PRs) are entitled to basic governmental health insurance called MediShield Life. You can opt to increase your healthcare coverage by getting additional health private insurance plans such as Integrated Shield Plans.
- While foreigners do not qualify for the governmental healthcare insurance plan, MediShield Life, you can get health insurance plans meant for foreigns from most major private insurance providers in Singapore.
- Based on the sample costs provided in government website MoneySense, a 3-day stay in a Class A ward in a public hospital costs about S$900, while miscellaneous hospital bills (e.g. doctor’s fees) can amount to S$3,200.
- Medishield Life is a mandatory governmental health insurance plan that all Singaporeans and Permanent Residents will be automatically enrolled in and need to maintain. You may enhance your Medishield Life healthcare coverage by purchasing an Integrated Shield Plan from private insurers in Singapore.
- You cannot opt out of MediShield Life unlike the previous MediShield scheme. You can choose to pay for your MediShield Life premiums using Medisave or cash.
- An Integrated Shield Plan (IP) is an optional health coverage provided by private insurance companies such as AIA, Aviva, AXA, Great Eastern, FWD, Prudential, NTUC Income, Raffles Medical Group, and more.
- Log in to your CPF account on www.cpf.gov.sg and click on ‘My Message’. You will be able to see if you have any Integrated Shield Plans (IPs), and which insurance provider you have been registered with.
- No, it is not compulsory to get an Integrated Shield plan (IP). All Singaporeans and Permanent Residents (PRs) have basic coverage from MediShield Life. You can opt for an IP if you want to stay in a class A or B1 ward in public hospitals or private hospitals, and want to extend your healthcare coverage.
- Yes, you can use MediSave to pay for MediShield Life and Integrated Shield plan (IP). However, premiums of IP riders have to be paid in cash.
- Yes, premiums increase with age. Also, due to rising healthcare costs, the premiums for the private insurance component of the Integrated Shield Plans (IP) have been increasing by an average of 7% per year.
- No. You can only use MediSave to pay for one Integrated Shield Plan for yourself at any point in time. This is because the IPs provide generally similar coverage, and hospital or medical treatment bills can only be claimed from one plan.